Ahmad Mujtab­a Memon will be new FBR chairm­anISLAMABAD: President Arif Alvi on Saturday appointed for three years Dr Reza Baqir – a serving official of the International Monetary Fund (IMF) – as new governor of the State Bank of Pakistan (SBP). Dr Baqir confirmed to The Express Tribune that he has resigned from the IMF. Earlier, Prime Minister Imran Khan had appointed Dr Abdul Hafeez Shaikh as his adviser on finance – effectively the de facto finance minister. Both the finance minister and the SBP governor co-sign the Letter of Intent that a country sends to the IMF managing director for requesting a bailout package. Sources told The Express Tribune that Reza Baqir was residing in the Guest House of the PM’s House, which is also temporary residence of the de facto finance minister Dr Abdul Hafeez Shaikh.

Source: The Express Tribune May 04, 2019 20:37 UTC