Dr. Raza Baqir has been appointed the new governor of State Bank of Pakistan, according to a notification issued by the finance division.
His appointment was approved by President of Pakistan Dr. Arif Alvi. He will remain the head of the SBP for the next 3 years. His 3 years will start from the date he assumes office, according to Samaa
Dr. Raza Baqir is currently serving as the IMF’s representative for Egypt.
He has also served as the Fund’s mission chief for Bulgaria and Romania and chief of the IMF’s Debt Policy Division for 4 years.
He has worked at the IMF for over 16 years. He has also worked at the World Bank, MIT and Union Bank of Switzerland.
The federal government removed Governor State Bank Tariq Bajwa and Federal Board of Revenue Chairperson Jahanzeb Khan from their offices on Friday.
Both the bosses resigned from their offices after they were told to forward their resignations to the prime minister’s office.
The decision to remove the two senior officers had already been taken while former finance minister Asad Umar was still in office.
However, the decision was executed following consultation with Adviser to the PM Imran Khan on Finance Hafeez Sheikh.