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IMF, WB officials appointed as SBP governors in past: Iftikhar Durrani

IMF, WB officials appointed as SBP governors in past: Iftikhar Durrani
May 9, 2019
ISLAMABAD (92 News) – Responding to the statement of PPP Chairman Bilawal Bhutto, Special Assistant to Prime Minister on Media Iftikhar Durrani on Wednesday said that the officials from World Bank (WB) or the International Monetary Fund (IMF) had been appointed as the governor State Bank of Pakistan (SBP) in the past. “It was not the first time that officers of the WB or the IMF had been served as the governor of SBP,” Iftikhar Durrani said in response to Bilawal Bhutto. He also shared the list of governors of the SBP who were served in the past. The special assistant said highly qualified Pakistanis had previously been working abroad as well and they had been being appointed in big institutes like the SBP. He said the appointments were made during the eras of the Pakistan Muslim League-N (PML-N) and the PPP. “IMF’s Mohammed Yaqoob was appointed the governor SBP in 1993 for six years. While, Ishrat Hussain who had served in the World Bank was appointed the governor SBP in 1999. He served on the governor’s post for six years,” he said. He said that Shamshad Akhtar of the Asian Development Bank was appointed the governor SBP in 2006. He further said that International Commercial Bank’s Saleem Raza was appointed the governor SBP in 2009. He said Yasin Anwar and Ashraf Wathra had also been appointed the governor SBP and they both had served in international banks.
Govt bowed before IMF, says Bilawal
Severely criticising the government’s decision to appoint Reza Baqar as SBP governor and Shabbar Zaidi as FBR chairman, Bilawal said that the Pakistan Tehreek-e-Insaf (PTI) government has bowed before the International Monetary Fund (IMF). “Will the IMF make decision about these key appointments,” he asked. He also announced to stage protest inside and outside the parliament against the decision of PTI government. He slammed the government for illegally removing the SBP governor and FBR chairman without following the procedure laid down for their removal.