PR No. 168 Appointment of Mr. Bajwa as Governor SBP – no violation of SBP Act Islamabad

With reference to the resolution reportedly tabled today in the Senate of Pakistan regarding the appointment of Mr. Tariq Bajwa as Governor State Bank of Pakistan, it is clarified that his appointment is in no way in violation of the SBP Act 1956.  Mr. Bajwa reached his superannuation and retired from civil service on 18th June 2017.  He was appointed as Governor SBP by the President of Pakistan and he took charge of his office on 7th July 2017.

 

It would be pertinent to mention here that in addition to economists, bankers, chartered accountants etc. several civil servants after retirement from service have also been appointed as Governor SBP in the past.

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