Pakistan News

    Deputy Governor State Bank Of Pakistan Exchange

  • India names Reserve Bank of India deputy as new governor

    NEW DELHI: The Indian government on Saturday named insider Urjit Patel as the new governor of the Reserve Bank of India, to replace popular central banker Raghuram Rajan when his term ends in September...

    The promotion of deputy governor Patel ends weeks of feverish speculation by the Indian media since Rajan caught investors off guard in June by announcing he was leaving to return to academia...

  • Riaz Riazuddin appointed governor of State Bank of Pakistan

    The federal government has appointed Riaz Riazuddin as the acting Governor of the State Bank of Pakistan (SBP), a notification issued on central bank's website stated...

    Riazuddin, who had been serving as a deputy governor at SBP, has been appointed as governor for a period of three months or "till the appointment of a regular governor"...

  • Pakistan's State Bank governor calls India's cash clampdown 'extreme'

    State Bank of Pakistan (SBP) Governor Ashraf Mahmood Wathra has called India's shock clampdown on cash an “extreme” step to boost financial inclusion, tax collection and battle graft...

    “To my imagination that is a very, very extreme measure,” Governor Wathra said in an interview with Bloomberg economic and financial news service, after the forum it organised in Karachi on Wednesday...

  • Editorial: State Bank needs to be upfront about exchange rate depreciation

    ON Friday morning, the interbank market for foreign currency had a rude awakening as the rupee plunged against the dollar, and, just like last July, no attempts were made by the State Bank to shore up its value...

    “This movement in the exchange rate is based on demand and supply of foreign exchange in the interbank market,” the central bank said in a press release issued only a couple of hours later, adding, “[t]he exchange rate will...

  • Ex-governor of State Bank Hanfi dies

    KARACHI: Imtiaz Aalam Hanfi, a former governor of the State Bank of Pakistan (SBP), has died at the age of 86...

    He headed the central bank for about four years during his two stints — Aug 17, 1988 to Sept 2, 1989 and Sept 1, 1990 to June 30, 1993...

  • Resolution seeking dismissal of State Bank governor submitted to Senate

    ISLAMABAD: Members of the opposition parties in the Senate on Monday submitted a resolution in the upper house of parliament, seeking immediate dismissal of State Bank of Pakistan (SBP) Governor Tariq Bajwa...

    The opposition parties have submitted five resolutions rec­ently, demanding the removal of heads of key state institutions for their alleged role in helping defend Prime Minister Nawaz Sharif during the hearing of the Panama...

  • Former chief justice, State Bank governor among PTI nominees for caretaker PM

    The Pakistan Tehreek-i-Insaf (PTI) on Monday finalised the names for the caretaker prime minister and the Punjab chief minister, DawnNewsTV reported...

    Justice Jillani has served as the chief justice of Pakistan between 2013 and 2014 and was also appointed as an ad hoc judge on behalf of Pakistan at the International Court of Justice in Indian spy Kulbhushan Jadhav's case last year...

  • IMF mission chief, State Bank governor discuss economy

    KARACHI: Inter­national Monetary Fund (IMF) Mission Chief for Pakistan Ernesto Ramirez Rigo held a meeting with Governor State Bank of Pakistan Tariq Bajwa and other senior officials on Wednesday...

    Discussions focused on recent economic developments and prospects for Pakistan in the context of ongoing discussions toward securing an IMF bailout...

  • Afghan deputy governor 'abducted' from Peshawar

    An Afghan province's Deputy Governor, Muhammad Nabi Ahmadi, was "abducted" from Peshawar on Friday, Afghan Consul General Moin Mrastyal said on Saturday, though Pakistani law enforcement agencies said they had no information on the incident...

    According to the Afghan diplomat, Ahmadi, the deputy governor of Afghanistan's Kunar province, was abducted from Peshawar's Dabgar area...

  • Kunar’s deputy governor abducted in Peshawar

    PESHAWAR/ISLAMABAD: The deputy governor of Afgha­nistan’s Kunar province, Qazi Mohammad Nabi Ahmadi, was kidnapped from Peshawar’s Dabgari area on Friday, officials said...

    However, it is being speculated that the incident could be linked to a political rivalry or an operation against the militant Islamic State group taking place in the Afghan province where Mr Ahmadi is serving as the deputy governor...

  • SBP appoints Jameel Ahmed as new Deputy Governor

    The federal government on Tuesday announced that it had appointed Jameel Ahmed as a Deputy Governor at the State Bank of Pakistan (SBP), a press release from the central bank said...

    Prior to his appointment as deputy governor, he served as executive director of the Banking Supervision Group and Financial Stability at SBP...

  • Afghan deputy governor abducted in Peshawar is released

    Qazi Mohammad Nabi Ahmadi, the deputy governor of Afghanistan's eastern Kunar province, was kidnapped while visiting a doctor in Peshawar, near the border...

    Zardasht Shams, Afghanistan's deputy ambassador in Islamabad, said on Saturday that Ahmadi had rejoined his family in Kunar...

  • Taliban kill seven soldiers, deputy governor in Afghanistan

    Mohammad Radmanish, the deputy spokesman for the Ministry of Defence, said the attack took place on Wednesday night in the remote Dashti Archi district in Kunduz...

    Earlier on Thursday, the Taliban ambushed an Afghan government convoy in the country’s eastern province of Logar, killing the deputy provincial governor and his two bodyguards, an official said...

  • Withholding tax slows down bank deposit growth: State Bank

    KARACHI: Withholding tax (WHT) on financial transactions is acting against the goal of achieving financial depth, a State Bank of Pakistan’s (SBP) report said on Friday, highlighting that for the first time since 2009-10 the monetary expansion came more from currency in circulation than the bank deposit growth...

    The campaign could not sustain despite the fact that the business community, particularly retailers and medium-sized...

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