State bank governor Yaseen Anwar resigns

Yaseen Anwar's resignation from SBP will come into effect from January 31. Acting governor to be appointed on Friday.


Our Correspondent/APP January 30, 2014
Governor State Bank of Pakistan (SBP) Yaseen Anwar. PHOTO: EXPRESS/FILE.

ISLAMABAD: The Federal Government has accepted the resignation of Governor State Bank of Pakistan (SBP) Yaseen Anwar with effect from January 31, the Federal Minister for Finance Senator Ishaq Dar announced on Thursday.

The decision over a new Acting Governor SBP will be made on Friday, Dar said, according to a statement issued by the Finance Ministry.

Sources hinted that the governor was under pressure from the ministry of finance, which appears to be hell-bent on heavy borrowing from the SBP as well as commercial banks.

However, the official reason given for Anwar's resignation was that his son had recently suffered an accident.

Anwar was appointed SBP governor in July 2011 after former SBP governor Shahid Kardar stepped down from the position amidst rumours that he had developed differences with the ministry of finance.

Kardar’s predecessor, Saleem Raza, had also resigned after only 16 months in office.

News of Anwar's prospective appointment as the governor in 2011 had been received with mixed reactions with experts viewing it as an attempt to whitewash financial affairs of the then Pakistan Peoples Party-led government.

COMMENTS (17)

Sammy | 7 years ago | Reply

@patriotic: Yaseen Anwar is a Pakistani-American banker and the current Governor of the State Bank of Pakistan. He previously acted as deputy governor and has a 33 year experience in international banking!! Anwar is a graduate of the Wharton business school at the University of Pennsylvania. He has studied at prestigious institutes such as Wharton School of the University of Pennsylvania (Post-grad and graduation), Aitchison College and Karachi Grammar School!

Islander | 7 years ago | Reply

He was threatened to resign. You will see many others will resign in near future. This is how PML-N handle things. They ain't stupid like PPP. They are smart thieves. They can't be caught easily. Best of luck to Yasin Anwar for his future.

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