ISLAMABAD: The federal government has decided to appoint two eminent professionals on the central board of directors of the State Bank of Pakistan (SBP) aimed at strengthening the panel that is responsible for policymaking, except the monetary policy.
The Ministry of Finance has finalised the names of Atif R Bokhari, a banker, and Dr Zubair Khan, an economist, for the slot of SBP directors, said officials in the ministry.
Their names will now be recommended to the federal cabinet for approval. After the August 2016 judgement of the Supreme Court, every appointment by the federal government has to be first approved by the federal cabinet.
The two will be appointed in place of Zafar Masud and Mohammad Riaz. Masud had left in 2016 after he was appointed Central Directorate of National Savings’ Director-General Mohammad Riaz, a retired bureaucrat, has tendered his resignation.
