Just to appreciate the Rupee, govt has changed the SBP governor, what a policy...!

@ JustWasif well said!!! I ' m surprised Nawaz Sharif didn't take over that portfolio either

It is not unwarranted when the opposition states that "Darbari's" getting appointments

Dar blames the SBP Governor and immediately puts another one in to his place! Now the lies can continue. Dar also requests ADB for 2Billion dollar borrowing ceiling.

@JustWasif What else do you expect from the current lot who are even questioning the SCP for investigating their corruption.

smell more loyalist then competence.

Dramatic change of SBP governor posting and replacement is surprising, what a performance and check and balance of dar sb over his subordinates.

Good choice.

Being the head of a Central Bank of any country is no joke. Contrary to other executive positions in different types of financial institutions, it is quite usual for the Central Bank Governor to be someone who has worked for the Central Bank only for most of his entire tenure of service in the banking fields of banking, economics and finance.Being the Governor of State Bank of Pakistan is a highly prestigious, professionally demanding and totally autonomous position. The Governor is expected to be strong enough to maintain his independence in decision making and ward off any pressures from any Federal Agency, including the Ministry of Finance. It has usually been a PMLN Government which has broken these norms by appointing Governors who are loyal to the Minister of Finance, rather than those who justify the position on the bases of merit, competence and integrity. It is the prerogative of a Central Bank Governor to control money supply, exchange and interest rates, under the law.

Did Bajwa take charge with the understanding that he will do govt's bidding without regard for what is right.

Can we get some background info like how PMLN govt found him suitable to do this job?

@JustWasif you are misinformed the other governor was only a care taker for 3 months. Nothing to do with the PRS vs dollar

@Ahmad fully agree trusted guy of NS appointed as governor does he have the credentials experience etc?

On which moral highground can a government which can be overthrown any day because of the Panama inverstigation appoint a person for such an inportant position for years just a few days or hours before the verdict? Are we being goverened by the mafia?

Welcome to the club Mr New Scapegoat..

These actions of the government will clearly dent the credibility of the SBP.

Such a haste decision all the period trying to artificially hold rupee stability. It is very fortunate that this Govt blessed with Oil prices which alone improve the balance of payment despite of weak export. The artificial holding has killed the export which is not competent in international market and to capture the market takes months/years. Can we have any other reason other than remittance, borrowing and oil prices. Answer is no. Yet our peoples will try to take the advantage of keeping the reserve. If you just take the difference of oil bill and add for 4 years your reserve should have much more that at present level. Take the credit and have courage to admit the reason for those successes. Changing the people overnight is always against the merit and liking of the Govt. Don't make such bodies controversial. If the person does not have the banking experience How he will resolve the issues. Country is full of Refined and world class bankers selection should have come from them,.

@JustWasif what else can you expect from them?

@QaDir He would have, if there was no JIT.

Appointing cronies will not solve any thing! Organizations need professionals not loyalists!

A God-gifted bureaucrat and administrator.

Hope he has been selected on merit alone basis.

@JustWasif - We all know what happened with rupee? Arrest Mian Mansha, you will get the answer for currency manufacturers, he is the one who took all the dolly from market and got almost Rs150billions profit overnight.

Once again a well qualified thrown out of window, and favoritism prevail !

Although he bears down to earth and humble personality but it was during his tenure as a Chairman FBR that more than 1000 workers were laid off from the FBR sub-organization PRAL.

The report doesn't touch at all on appointee's credentials in areas of monetary policy, banking control, or areas of responsibility of the State Bank.

@Dr Sid true

Wow, Dar kept SBP without governor hoping that acting governor has to be obedient to keep his job. Unfortunately he wasn't up to that extent so Dar played the card and brought more obedient servant. By law government can't curtail SBP governor's tenure, to ensure its independence. What a good governance, I am impressed!

@khalil A. Hassan Simply Superb !!

The credential of new SBP governor does not commensurate for the JOB as he has no international exposure. His banking experience with a provincial bank is too domestic to be the head of entire banking system. Once again merit has been ignored. What a pity.

@Harris Khan that means he aid a good administrator as everyone knows FBR was over staffed by ppp btw he has an excellent track record

He is a Harvard University graduate economist. He been on Board of Directors of State Bank of Pakistan, and Bank of Punjab. He has served as Secretary Finanace, Punjab and Federal Government. He was also Chairman FBR. Do you have better suggestion in mind? Please don't criticize for sake of criticism.

The resume of the new governor does not engender confidence. He appears to be someone who is beholden to the Masters. No achievements so to speak off in any of the previous assignments. would be great to learn about his past accomplishments on the basis of which he was given this important job at this critical time?

The best selection government could make during this tenure. Tariq has verstile experience and remarkable personality