ISLAMABAD: A resolution seeking the immediate removal of State Bank of Pakistan (SBP) Governor Tariq Bajwa was submitted in the Senate by members of the opposition on Monday.
The resolution claims that Section 10 of the State Bank of Pakistan Act 1956 has been violated with the appointment of Bajwa. “No person shall hold office as Governor […] who is employed in any capacity in the public service of Pakistan or of any province of Pakistan or holds any office or position for which any salary or other remuneration is payable out of public funds,” Section 10. (10) (b) of the act states.
Bajwa, who joined the Civil Services of Pakistan in 1981, has remained the Federal Board of Revenue’s chairman and retired as the secretary of Economic Affairs Division and Finance on June 18.
Bajwa was appointed as governor SBP via a notification on July 7. He was preceded by Ashraf Wathra, who retired on April 28, and was replaced by Riaz Riazuddin, who served as the acting governor until Bajwa’s appointment.
