Pakistani government picks new governor after SBP spat
Appointment of finance ministry official follows clash over exchange rate movements
The Pakistani government appointed a new governor of the State Bank of Pakistan (SBP) today (July 7), shortly after clashing with the central bank on a sharp exchange rate move.
Tariq Bajwa will take over as SBP governor when the details of his appointment are agreed with Pakistan’s president, according to a statement published on the finance ministry’s social media pages. He will serve a term of three years.
The move ends the brief acting-governorship of Riaz Riazuddin, who took over from
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