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ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail said on Thursday that the State Bank of Pakistan (SBP) governor would be appointed by next week.
Addressing the media, the finance minister said that the Board of Directors (BoD) of the Central bank will also be finalized in the ongoing week.
“The new SBP governor appointment will be finalised by next week,” he said, adding that the federal government will not artificially control the currency value. Miftah Ismail said that there will be appreciation and stability in the value of Pak rupee after the coalition government announced to complete its tenure.
To a question, Miftah said the country has sufficient stock of diesel, furnace oil, and motor gasoline for two months.
An administrative crisis is in the offing at the State Bank of Pakistan (SBP) after three members of the Board of Directors (BoD) of the Central bank will retire tomorrow.
According to details, the members of the board of directors (BoD) retiring on July 22 (tomorrow) included Dr Tariq Hasan, Ali Jamil and Saleem Sethi. It is necessary for the board meeting to have four members to decide on key matters of the SBP.
Furthermore, the SBP currently does not have a governor and Deputy Governor Murtaza Syed is running the affairs as the acting governor.