After Asad Umar’s resignation as Finance Minister, and other major federal cabinet reshuffle, now State Bank of Pakistan (SBP) Governor Tariq Bajwa on Friday (May 3) stepped down from his post after Prime Minister Imran Khan sought his resignation. While Federal Board of Revenue (FBR) Chairman Jehanzeb Khan has also been transferred.
Dr Reza Baqir, who is currently serving at the International Monetary Fund (IMF), is likely to become the new head of the central bank, sources said.
As per reports, Khan had refused to own the Asset Declaration Scheme, and had claimed that the scheme was prepared on the instructions of the prime minister. PM Office sources said the FBR chairperson’s refusal to own the scheme had irked the prime minister.
Former president Mamnoon Hussain had made Tariq Bajwa the governor of the SBP on July 7, 2017, for a three-year period, which was supposed to end in 2020.
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22 July, 2019