KARACHI, July 6: Kazi Abdul Muktadir has been appointed Deputy Governor of the State Bank, said a press release issued by the bank on Friday.

The prime minister has appointed him for a period of three years. Mr Kazi assumed the charge of the office of SBP Deputy Governor on Friday.

Prior to taking over as SBP deputy governor, Mr Kazi had been serving the State Bank of Pakistan as its executive director since December 2002. He had been Group Head of Banking Supervision since June 2010 and was responsible for On-Site Examination, Off-Site Surveillance and Enforcement actions over all banks in Pakistan.

Joining the State Bank in January 1997, he headed many key departments of the bank, which include Banking Inspection Department, Banking Supervision Department, Credit Information Bureau, Banking Policy and Regulations Department, World Bank Consultancy Project and Agricultural Credit Department.