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Malik appointed as SBP deputy governor

ISLAMABAD: The federal government has appointed Muhammad Ali Malik as Deputy Governor, 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 has been made under Section 11A(2) of the State Bank of Pakistan Act, 1956, as amended in 2022. The notification stated that the federal government…

Malik appointed as SBP deputy governor

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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