KARACHI: Governor State Bank of Pakistan (SBP) Dr Reza Baqir on Wednesday completed his term with Deputy Governor Dr Murtaza Syed taking charge of his position until a permanent appointment takes place, ARY NEWS reported.
The details were shared by Finance Minister Miftah Ismail from his Twitter handle, who said that as the term of Governor SBP Dr Reza Baqir has come to an end, as per law the senior most Deputy Governor takes over until the fresh appointment is being made.
“Therefore, Dr Murtaza Syed, an eminently qualified economist with rich IMF experience, will take over as Governor SBP. I wish him the best in his new role.”
As the term of Governor SBP Dr Reza Baqir has come to an end, as per law the senior most Deputy Governor takes over until. Therefore Dr Murtaza Syed, an eminently qualified economist with rich IMF experience, will take over as Governor SBP. I wish him the best in his new role.
— Miftah Ismail (@MiftahIsmail) May 4, 2022
Earlier, Reza Baqir in his last message as the SBP Governor shed light on his achievements during his tenure from his Twitter handle.
Baqir in his message said that he had served his country for three years as Governor of central bank and thanked Allah for giving him the opportunity to serve his country.
He also shared major projects during his tenure including Roshan Digital Accounts, Raast, framework to license digital banks in Pakistan, affordable mortgages for low income people, and institutional strengthening of SBP by hiring three top class Deputy Governors.
Message from Governor SBP, Dr Reza Baqir, on completion of his term. https://t.co/6vBzq0pDRh
— SBP (@StateBank_Pak) May 3, 2022