Karachi: Dr Reza Baqir has assumed the charge of the State Bank of Pakistan governor.
President Arif Alvi appointed him to post for a period of three years in pursuance of Section 10(3) of the State Bank of Pakistan Act 1956.
"The President of Pakistan is pleased to appoint Dr Reza Baqir as Governor State Bank of Pakistan (SBP) for a period of three years from the date he assumes office," read a notification issued by the government.
A Harvard and Berkeley University of California alumnus, Dr Baqir has been with the IMF since 2000 and is presently the Fund's senior resident representative in Egypt. He has previously served as the head of the IMF Mission for Romania, and as Head of the Fund's Debt Policy Division.
The position fell vacant after Tariq Bajwa resigned as SBP chief.