Dr Reza Baqir has appointed the new governor of the SBP

ISLAMABAD–On Saturday, the government appointed Dr. Reza Baqir as Governor of the State Bank of Pakistan (SBP), with Islamabad seeking to finalize the International Monetary Fund (IMF) bailout package.

“Pakistan’s President is pleased to nominate Dr. Reza Baqir as Governor of the State Bank of Pakistan (SBP) for a three-year term from the date he takes office,” read a government notice issued late Saturday night.

Dr. Baqir has been with the IMF since 2000, a Harvard and Berkeley University of California alumnus, and is currently the senior resident representative of the Fund in Egypt. He previously served for Romania as head of the IMF mission and as head of the Debt Policy Division of the Fund.

The appointment of Baqir comes one day after the resignation of Tariq Bajwa from the post of governor of SBP.

Meanwhile, the government appointed Ahmed Mujtaba Memon as Chairman of the Federal Revenue Board (FBR), who was also vacant on Friday after Jahanzeb Khan, the chairman of the tax collection body, was removed.

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