KARACHI: President Dr Arif Alvi has approved the appointment of Jameel Ahmad as Governor State Bank of Pakistan, the President House said.
The President gave the approval on the advice of the prime minister under Article 48(1) of the Constitution and in line with Section 11-A (1) of the State Bank of Pakistan Act.
The notification issued by the Finance Division stated, “Jameel Ahmad is appointed as governor State Bank of Pakistan for a term of five years with the approval of the president of Pakistan, upon the recommendation of the federal government, with immediate effect.”
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.
