Pakistani economist appointed as State Bank Governor

Vastavam web: A Pakistani economist working for the International Monetary Fund (IMF) has been appointed as the governor of the State Bank of Pakistan (SBP), as the cash-strapped country seeks to finalise a multi-billion dollar bailout package from the global lender. Prime Minister Imran Khan’s government Saturday removed chiefs of the SBP and the Federal Board of Revenue (FBR), in a surprise move days after an IMF team visited Islamabad to hold talks for the bailout package.

A Harvard and Berkeley University of California alumnus, Baqir has been with the IMF since 2000. He is currently serving in the IMF as senior resident representative to Egypt. Baqir has been the chief of the IMF’s Debt Policy Division and worked on IMF policies on external debt sustainability and restructuring of member countries. Before the IMF, Baqir worked at the World Bank, the Massachusetts Institute of Technology and the Union Bank of Switzerland.

The government also appointed Ahmed Mujtaba Memon as the chairman of the FBR – the tax collection body.