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SBP Governor

IHC declares appointment of SBP governor legal

ISLAMABAD: The Islamabad High Court (IHC) on Tuesday declared the appointment of Tariq Bajwa as Governor of the State Bank of Pakistan (SBP) as lawful.  Justice Miangul Hassan Aurangzeb of the IHC dismissed a petition filed by as many as 22 senators challenging the appointment of the SBP Governor. Mr. Bajwa was appointed as the central bank Governor by President Mamnoon Hussain on July 7, 2017 for a period of 3 years starting from the day he assumed his new responsibilities. The senators belonging to various political…

Resolution seeking removal of SBP Governor Tariq Bajwa submitted in Senate

ISLAMABAD: A resolution seeking immediate removal of State Bank of Pakistan (SBP) Governor Tariq Bajwa, having signatures of 40 Senators, has been submitted in the Senate on Monday. The resolution claims the incumbent governor is not eligible to the post since the SBP rules have been transgressed for making this appointment. It asserts that section-10 of the State Bank of Pakistan Act 1956 has been violated with the appointment of Bajwa. "No person shall hold office as Governor, who is employed in any capacity in the…