According to a Finance Division announcement on Friday, the government has appointed Jameel Ahmad as Governor of the State Bank of Pakistan (SBP) for a tenure of five years, effective immediately.

“In exercise of powers conferred under Section 11A (1) read with Section 14(1) of the State Bank of Pakistan (SBP) Act 1956 (Amended 2022), Jameel Ahmad is appointed as Governor State Bank of Pakistan for a term of five (5) years with the approval of the President of Pakistan, upon the recommendation of Federal Government, with immediate effect,” read the notification.

Jameel Ahmad was the deputy governor of the central bank and was reappointed by the government on October 25, 2018, for a three-year term. From April 11, 2017, to October 15, 2018, he also held the position of Deputy Governor (Banking & FMRM).

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“Jameel Ahmad has an illustrious career as an accomplished central banker span over 30 years at various senior positions at the State Bank of Pakistan and the Saudi Central Bank (SAMA),” read information available on the SBP website.

Mr Jameel Ahmad did his MBA from University of Punjab at Lahore and is a Fellow Member of the Institute of Cost & Management Accountants of Pakistan (FCMA), an Associate Member of the Institute of Bankers Pakistan and a Fellow Member of the Institute of Corporate Secretaries of Pakistan (FCIS).