Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Pakistan picks central bank veteran Jameel Ahmad as new governor

FILE PHOTO: The logo of the State Bank of Pakistan (SBP) is pictured on a reception desk at the head office in Karachi, Pakistan July 16, 2019. REUTERS/Akhtar Soomro/File Photo

Pakistan named Jameel Ahmad, a deputy governor of the State Bank of Pakistan (SBP), as the central bank's new governor on Friday, appointing him for a five-year term.

The Pakistani central bank had been without a full-time governor since May and one of Ahmad's first tasks will be to chair a monetary policy meeting to consider its policy rate.

Ahmad's career spans more than 30 years in various positions at the State Bank of Pakistan and the Saudi Central Bank, the country's central bank said in a profile on its website.

Prior to his appointment as deputy governor of the Pakistani central bank in 2018, he was executive director of its Banking Supervision and Financial Stability Group.

As a deputy SBP governor, Ahmad played an instrumental role in the digitisation of banking and payments as well in the enabling of financial technology services, the bank said.

(Reporting by Syed Raza Hassan; writing by Gibran Peshimam; editing by Mark Heinrich and Alexander Smith)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.