The three-year term of Dr Reza Baqir ends as deputy governer is elevated as SBP governor
Pakistan named the deputy governor of the central bank as its new chief as the country restarts talks with the International Monetary Fund (IMF) on a stalled $6 billion programme.
Dr Murtaza Syed was promoted as the acting governor this week following the expiry of former governor Dr. Reza Baqir’s three-year term on May 4.
Murtaza Syed, an “eminently qualified economist with rich IMF experience”, takes over at the end of the three-year term of incumbent Reza Baqir, Finance Minister Miftah Ismail said on Twitter.
“Dr. Syed has more than 20 years of experience in macroeconomic research and policymaking. He worked with the International Monetary Fund for 16 years before resigning to join SBP,” the central bank said in a statement.
“At the IMF, he was involved in IMF programs and surveillance of emerging markets and advanced economies, including the Euro Area, Japan, and Korea, as well as overseeing IMF training and technical assistance programs around the world.”