Pakistan appoints deputy as interim governor
Governor Wathra not appointed for second three-year term despite reviving the banking sector
One of the deputy governors of the State Bank of Pakistan (SBP) has been appointed acting governor until a permanent replacement can be found for outgoing Ashraf Wathra, the central bank announced on May 2.
The government appointed Riaz Riazuddin for a period of three months or “until appointment of a regular governor” can be made, after Wathra was not granted a second three-year term.
Wathra became governor of Pakistan’s central bank in 2014. Last year, he formed the central bank’s first
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