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The federal authorities on Friday appointed Jameel Ahmad as the brand new governor of the State Financial institution of Pakistan (SBP). He was beforehand the central financial institution’s deputy governor.
“In train of powers conferred beneath Part 11A(1) learn with Part 14(1) of the State Financial institution of Pakistan (SBP) Act 1956 (Amended 2022), Jameel Ahmad is appointed as Governor State Financial institution of Pakistan for a time period of 5 (5) years with the approval of the President of Pakistan, upon the advice of Federal Authorities,” a Finance Division notification learn.
Federal Authorities appoints Mr. Jameel Ahmad as Deputy Governor SBP
Particulars:https://t.co/IN57dHOpwh pic.twitter.com/CIcoMPgr5E— SBP (@StateBank_Pak) April 11, 2017
The put up fell vacant in Might after former SBP governor Reza Baqir’s time period expired and the coalition authorities determined in opposition to extending his tenure additional.
Following Baqir’s exit, Murtaza Syed, being the senior-most deputy governor, assumed the place of the State Financial institution of Pakistan’s appearing governor.
Finance Minister congratulated the newly-appointed governor and welcomed him again.
Final month, the Ministry of Finance moved the official abstract to Prime Minister’s Workplace and proposed an inventory of six candidates — together with Ahmad, Saeed Ahmed, former president Nationwide Financial institution of Pakistan, Asim Hussain, former IMF official, Syed Murtaza, deputy governor SBP, and Zafar Masud, President Financial institution of Punjab, and Ashraf Khan, former Governor SBP.
Jameel Ahmad — a quick profile
Jameel Ahmad was reappointed as deputy governor of the SBP by the federal authorities on October 25, 2018, for a interval of three years. He additionally served as deputy governor (Banking & FMRM) from April 11, 2017, to October 15, 2018.
In keeping with his SBP profile, he has performed an instrumental function within the digitisation of banking and funds in addition to the enablement of fintech for providing revolutionary monetary providers within the nation.
He supervised the formulation and issuance of Rules for E-money Establishments in Pakistan. He additionally served because the chairman of steering committees on the implementations of Raast, Pakistan’s instantaneous cost system; digital banking rules and SBP’s Information Administration System.
He additionally oversaw the event and issuance of Pakistan’s Nationwide Fee Programs Technique developed collectively by SBP and the World Financial institution.
Throughout his affiliation with the Saudi Central Financial institution, Ahmad represented SAMA on a number of high-profile working teams/job forces of the BCBS together with its Massive Exposures Group, Excessive-Stage Job Drive on Sovereign Exposures, and Job Drive on Prudential Remedy of Property and Supervision & Implementation Group.
Ahmad did his MBA from the College of Punjab in 1988 and is a Fellow Member of the Institute of Price and Administration Accountants of Pakistan (FCMA) since 1994, Fellow Member of the Institute of Bankers Pakistan (FIBP) since 1993, and Fellow Member of the Institute of Company Secretaries of Pakistan (FCIS) since 1992.
He additionally received two gold medals and two certificates of advantage for his distinguished achievements throughout tutorial/skilled research. He additionally obtained intensive on-the-job coaching in Banking Supervision beneath a World Financial institution Mission throughout 1998-99 that included quick attachments with numerous US regulatory Companies.
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