ISLAMABAD: IMF economist Dr. Reza Baqir has been appointed the governor of the State Bank of Pakistan (SBP) for three years.
According to the notification issued by the Finance Division on Saturday (4th of March): “The President of Pakistan is pleased to appoint Dr. Reza Baqir as Governor State Bank of Pakistan for a period of three years from the date he assumes office.”
Dr. Reza Baqir will be replacing Tariq Bajwa who was sacked on Friday apparently for not been able to reign the depreciation of Pakistani Rupees that resulted into an augmentation of the prices of goods.