Govt appoints Muhammad Ali Malik as SBP deputy governor
The federal government has appointed Muhammad Ali Malik as Deputy Governor of the State Bank of Pakistan (SBP) for a five-year term with immediate effect. According to a notification issued by the Finance Division on Monday, the appointment was made under Section 11A(2) of the State Bank of Pakistan Act, 1956, as amended in 2022. The notification said the federal government was pleased to appoint…
The federal government has appointed Muhammad Ali Malik as the Deputy Governor of the State Bank of Pakistan (SBP) for a five-year term, effective immediately. This appointment was made under Section 11A(2) of the State Bank of Pakistan Act, 1956, as amended in 2022, according to a notification issued by the Finance Division. Malik's appointment comes at a time when the central bank is tasked with managing monetary policy, regulating the banking sector, and ensuring financial stability amid shifting economic conditions.
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