Muhammad Ali Malik Appointed SBP Deputy Governor for Five-Year Term

Muhammad Ali Malik has been appointed Deputy Governor of the State Bank of Pakistan (SBP) for a five-year term, effective immediately, as announced by the Finance Division. The appointment was made under Section 11A(2) of the SBP Act, 1956, as amended in 2022. This comes as the central bank continues its role in monetary policy, banking regulation, and financial stability. While an administrative appointment, changes in SBP leadership are closely watched for potential implications on future monetary policy and the stability of the Pakistani Rupee.

بحوالہ / Source: www.brecorder.com