Resolution seeking Tariq Bajwa's removal as SBP governor submitted in Senate

ISLAMABAD: A resolution seeking removal of  State Bank of Pakistan (SBP) Governor Tariq Bajwa was submitted in the Senate on Monday.

The resolution which was signed by 40 senators stated that Bajwa’s appointment was not as per State Bank of Pakistan’s rules and his appointment is not in line with the law.

The federal government had appointed former bureaucrat Tariq Bajwa as the new governor of the State Bank on July 7.

The seat had been vacant since Ashraf Mehmood Wathra completion of his three-year term as the SBP governor in April.

Bajwa had retired last month from his post as finance secretary.