KARACHI: Federal government appointed Jameel Ahmad as new Governor of State Bank of Pakistan (SBP). He was previously central bank’s Deputy Governor.

“In exercise of powers conferred under Section 11A(1) read with Section 14(1) of State Bank of Pakistan Act 1956 (Amended 2022), Jameel Ahmad is appointed as Governor State Bank of Pakistan for a term of five years with approval of President of Pakistan, upon recommendation of federal government,” a Finance Division notification read. Post fell vacant in May after former SBP governor Reza Baqir’s term expired and coalition government decided against extending his tenure further.

Following Baqir’s exit, Murtaza Syed, being senior-most Deputy Governor assumed position of State Bank of Pakistan’s acting Governor. Finance Minister congratulated newly-appointed governor and welcomed him back. According to his SBP profile, he has played an instrumental role in digitisation of banking and payments as well as enablement of fintech for offering innovative financial services in country. During his association with Saudi Central Bank, Ahmad represented SAMA on several high-profile working groups/task forces of BCBS including its Large Exposures Group, High-Level Task Force on Sovereign Exposures and Task Force on Prudential Treatment of Assets and Supervision and Implementation Group.

Published in The Daily National Courier, August, 20 2022

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