ISLAMABAD: The federal government on Friday appointed Jameel Ahmad as the Governor of State Bank of Pakistan for five years, succeeding Reza Baqir who completed his term in May 2022.

According to a notification issued by finance ministry, the appointment was approved by President Arif Alvi on the advice of Prime Minister Shehbaz Sharif under the Constitution and State Bank of Bank Act.

Ahmad had previously served as deputy governor of the SBP in 2017 and he brings in with him a banking experience of 30 years in the State Bank and Saudi financial institutions. He had played a pivotal role in digitalization of banks during his last stint at the central bank.