Appointment of Jameel Ahmad as SBP governor

Aug 19, 2022 | Latest News, Uncategorized

President Dr Arif Alvi approves appointment of Jameel Ahmad as governor State Bank of Pakistan. The SBP had been without a full-time governor since May. One of Ahmad’s first tasks will be to chair a monetary policy meeting to consider its policy rate.

Jameel Ahmad has been appointed governor of the State Bank of Pakistan by President Arif Alvi. The President gave approval on the prime minister’s advice under Article 48(1) of the Constitution and Section 11-A (1) of the State Bank of Pakistan Act. The Finance Division announced Jameel Ahmad’s appointment as governor of the State Bank of Pakistan for a five-year term, effective immediately. Since May, the Pakistani central bank has been without a full-time governor. Ahmad’s first task will be to chair a monetary policy meeting to discuss its policy rate.
Ahmad’s career spans 30 years at the State Bank of Pakistan and the Saudi Central Bank, according to the country’s central bank. Before becoming deputy governor in 2018, he led the bank’s Banking Supervision and Financial Stability Group.
As deputy SBP governor, Ahmad digitized banking and payments and enabled financial technology services, the bank said.

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