Jameel Ahmad appointed governor State Bank of Pakistan

Jameel Ahmad has been appointed SBP governor for the next five years

The former deputy governor State Bank of Pakistan and seasoned banker Jameel Ahmad has been appointed governor SBP for five years. The Finance Division has issued a notification which stated that “Jameel Ahmad is appointed as governor State Bank of Pakistan for a term of five years with the approval of the president of Pakistan, upon the recommendation of the federal government, with immediate effect.”

Jameel Ahmad is a seasoned banker with more than 31 years of experience working on different positions in banking industry.  He served as the SBP deputy governor (banking and FMRM) from April 11, 2017 to October 15, 2018. Later, he was reappointed as the deputy governor for a three-year term on Oct 25, 2018.

He supervised the formulation and issuance of regulations for Electronic Money Institutions in Pakistan. He also served as the chairman of steering committees on the implementation of Raast, an instant payments system; digital banking regulations; and SBP’s Knowledge Management System. He also oversaw the development and issuance of Pakistan’s national payment systems strategy developed jointly by SBP and the World Bank.

The office fell vacant in May after former SBP governor Reza Baqir's term expired and the coalition government decided against extending his tenure further.

Last month, the Ministry of Finance moved the official summary to Prime Minister’s Office and proposed a list of six candidates — including Ahmad, Saeed Ahmed, former president National Bank of Pakistan, Asim Hussain, former IMF official, Syed Murtaza, deputy governor SBP, and Zafar Masud, President Bank of Punjab, and Ashraf Khan, former Governor SBP.

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