Governor State Bank Reza Baqir likely to be replaced

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Governor State Bank Reza Baqir likely to be replaced

Senior Deputy Governor Murtaza Syed is likely to be given the charge of Governor State Bank of Pakistan today.

In a statement on the social networking media  website, Finance Minister Muftiah Ismail said that Governor State Bank Reza Baqir’s completed the 3-year term yesterday.

He said that he talked with Reza Bakir and apprised him the government of the decision and added that he was grateful to Reza Bakir for his service to Pakistan.

Deputy Governor Murtaza Syed is likely to be given the charge of Governor State Bank today.

Murtaza Syed has 18 years of experience working with the IMF.

It is to be noted that Finance Minister Muftiah Ismail has indicated not to extend the term of Governor State Bank of Reza Baqir.

The new Acting  governor Murtaza Syed had worked with the IMF at different important positions.

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Dr Reza Baqir also remained affiliated with the IMF during his professional carrier and was performing as country chief of the IMF in Egypt before joining as SBP governor.
The IMF Blog had given introduction of Murtaza Syed, which stated that Murtaza Syed is a deputy division chief in the IMF’s Strategy, Policy and Review Department. He joined the Fund in 2004 and has previously worked in the Fiscal Affairs and Asia and Pacific Departments.

Prior to his current assignment, Mr Syed was the IMF’s deputy resident representative in China. He has been involved in IMF programmes and surveillance of various emerging markets and advanced economies, including Colombia, Cyprus, the Euro Area, Korea and Japan.

Murtaza Syed’s analytical work has covered macro-financial linkages, fiscal and monetary policy, financial crises, investment, demographics and inequality.

Before joining the Fund, Mr Syed worked at the Institute for Fiscal Studies in London and the Human Development Centre in Islamabad. He has a PhD in economics from the University of Oxford.