The tenure of Reza Baqir, who was appointed as the the governor of SBP by the PTI-led government, came to an end on 4th May (Wednesday). As the Federal Minister for Finance and Revenue Miftah Ismail announced that no extension has been granted to Reza Baqir as State Bank of Pakistan (SBP).
The farewell tweet by Reza Baqir
Dr Reza Baqir was appointed as the governor of the state bank – for a period of three years from the day he assumes the office of the Governor – by President Arif Alvi on May 4th, 2019. The ex-governor had eighteen years of experience with the IMF and two years of experience with the World Bank, he was also the Head of the IMF’s Office in Egypt.
Alhamdulillah tomorrow I complete my 3 years as Governor of our central bank @StateBank_Pak. Allah has been kind to give me the chance to serve my country in public office. To other fellow Pakistanis, especially overseas, I encourage you to consider public service 1/n
— Reza Baqir (@rezabaqir) May 3, 2022
Dr.Reza Baqir wrote in his farewell tweet; “Alhamdulillah tomorrow I complete my 3 years as Governor of our central bank @StateBank_Pak. Allah has been kind to give me the chance to serve my country in public office. To other fellows Pakistanis, especially overseas, I encourage you to consider public service.” “I want to thank all my SBP colleagues whose hard work made these initiatives possible. You did most of the work. My role was to provide the strategic vision, bring out the innovative ideas inside you, push you to achieve your potential, and assure you that I have your back,” he added.
Dr Murtaza Syed assumes the position of acting governor of SBP
Dr Murtaza Syed has assumed charge as State Bank of Pakistan (SBP) governor following the end of Dr Reza Baqir’s tenure. The finance minister said in a tweet; “Dr Murtaza Syed, an eminently qualified economist with rich IMF (International Monetary Fund) experience, will take over as Governor SBP. I wish him the best in his new role.” Dr Murtaza Syed has a Ph.D. in economics from Nuffield College at the University of Oxford, he has more than 20 years of experience in macroeconomic research and policymaking and worked with the IMF for 16 years.