Pakistani government picks new governor after SBP spat

The State Bank of Pakistan
Photo: SBP/Abbas Ali Khan

The Pakistani government appointed a new governor of the State Bank of Pakistan (SBP) today (July 7), shortly after clashing with the central bank on a sharp exchange rate move.

Tariq Bajwa will take over as SBP governor when the details of his appointment are agreed with Pakistan’s president, according to a statement published on the finance ministry’s social media pages. He will serve a term of three years.

The move ends the brief acting-governorship of Riaz Riazuddin, who took over from

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