Mr. A
MPA (400+ posts)
The last weekend started with a surprise series of replacement of two high authority government posts from their respective seats, the SBP Governor and FBR chairman.
However, on Saturday late night, the finance division formally announced the name of Dr. Raza Baqir of the International Monetary Fund (IMF) as the SBP governor to serve for three years term.
For the post of FBR chairman, the guessing game is still to end as it has not been decided who will take responsibility at the critical juncture of the economic situation.
A former Aitchison student, Dr. Raza earned his Ph.D. from the University of California, Berkeley, in Economics and has worked with the IMF for the last 16 years. He 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. He has also helped design debt and fiscal policies for crisis-hit countries like Greece and Ukraine, among others. Before the IMF, Dr. Baqir worked at the World Bank, the Massachusetts Institute of Technology and the Union Bank of Switzerland.
Notice About FBR Chairman Appointment Still Anticipated
Dr. Baqir will be the second SBP governor after Mohammad Yaqoob who served Pakistan economy from 1993 to 1999. Dr. Yaqoob formulated an independent central bank structure before it faced problems in connection with the freeze of foreign currency accounts after the nuclear explosions of 1998 and following sanctions.
He was followed by Dr. Ishrat Husain from the World Bank who served two terms as SBP governor before being replaced by Dr. Shamshad Akhtar from the Asian Development Bank.
Monday will demonstrate about the uncertainty that has gone down on the trading floor. The next auction of government treasury bills is scheduled for Wednesday, which will also disclose expectations of debt markets in the direction of interest rates.
https://www.rightdeed.com/blog/724/an-aitchison-alumnus-dr-baqirs-name-announced-as-sbp-governor
However, on Saturday late night, the finance division formally announced the name of Dr. Raza Baqir of the International Monetary Fund (IMF) as the SBP governor to serve for three years term.
For the post of FBR chairman, the guessing game is still to end as it has not been decided who will take responsibility at the critical juncture of the economic situation.
A former Aitchison student, Dr. Raza earned his Ph.D. from the University of California, Berkeley, in Economics and has worked with the IMF for the last 16 years. He 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. He has also helped design debt and fiscal policies for crisis-hit countries like Greece and Ukraine, among others. Before the IMF, Dr. Baqir worked at the World Bank, the Massachusetts Institute of Technology and the Union Bank of Switzerland.
Notice About FBR Chairman Appointment Still Anticipated
Dr. Baqir will be the second SBP governor after Mohammad Yaqoob who served Pakistan economy from 1993 to 1999. Dr. Yaqoob formulated an independent central bank structure before it faced problems in connection with the freeze of foreign currency accounts after the nuclear explosions of 1998 and following sanctions.
He was followed by Dr. Ishrat Husain from the World Bank who served two terms as SBP governor before being replaced by Dr. Shamshad Akhtar from the Asian Development Bank.
Monday will demonstrate about the uncertainty that has gone down on the trading floor. The next auction of government treasury bills is scheduled for Wednesday, which will also disclose expectations of debt markets in the direction of interest rates.
https://www.rightdeed.com/blog/724/an-aitchison-alumnus-dr-baqirs-name-announced-as-sbp-governor
