Geo Business

Yasin Anwar appointed new SBP Governor

ISLAMABAD: The government has finally appointed the Acting Governor State Bank of Pakistan (SBP), Yasin Anwar, as the Central Bank chief, as the post has been lying vacant from almost two and half months after the resignation of the Shahid Hafeez Kardar from this post on July 18, Geo News reported. Earlier reports said three names were being considered for the slot of Governor State Bank of Pakistan (SBP) - Acting Governor Yaseen Anwar, Ali Raza and Dr Shamshad Akhtar. However, Yasin Anwar has been finally appointed as the Chief of the Central Bank. Anwar Yasin as Acting Governor is currently accompanying the finance minister in Washington in World Bank’s annual meeting. The government was required to appoint new Governor before October 18 as, according to the law, the government should appoint new Governor within three months period when the said post fallen vacated. The post of the Governorship of the State Bank of Pakistan has been vacant since July 14 when Shahid Hafeez Kardar resigned from his post due to the strong differences with the government over the economic policies. Later on July 18, the government accepted his resignation and after that Yasin Anwar was appointed as acting governor of the Central Bank for a three-month period. It is worth mentioning here that Yasin Anwar has also served as Acting Governor SBP from June 3 to September 8, 2010 after the resignation of former Governor Syed Salim Raza. He has been serving the State Bank as deputy governor since 29th March 2007.