KARACHI: Pakistan named Jameel Ahmad, a deputy governor of the State Bank of Pakistan (SBP), as the central bank’s new governor on Friday, appointing him for a five-year term.
The Pakistani central bank had been without a full-time governor since May and one of Ahmad’s first tasks will be to chair a monetary policy meeting to consider its policy rate.
Ahmad’s career spans more than 30 years in various positions at the State Bank of Pakistan and the Saudi Central Bank, the country’s central bank said in a profile on its website.
Among these included his stint as a member of the central bank’s Monetary Policy Committee. Ahmad was also the chairman of the Board of Directors of Deposit Protection Corporation of Pakistan.
During his career, Ahmad also coordinated with various ministries and represented the central bank in various parliamentary committees including the Senate and National Assembly committees.
According to the State Bank of Pakistan, Ahmad has significant contributions to his credit in formulating the policy and regulatory framework for the banking systems of Pakistan and Saudi Arabia and monitoring their financial soundness and stability.
As a deputy SBP governor, Ahmad played an instrumental role in the digitization of banking and payments as well in the enabling of financial technology services, the bank said.
Prior to his appointment as deputy governor of the Pakistani central bank in 2018, he was executive director of its Banking Supervision and Financial Stability Group.
Pakistan picks State Bank, Saudi Central Bank veteran Jameel Ahmad as new governor
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Pakistan picks State Bank, Saudi Central Bank veteran Jameel Ahmad as new governor
- Pakistan’s central bank has been without a governor since May
- New central bank governor will serve a five-year term
Pakistan, seven Muslim nations back Palestinian technocratic body, stress Gaza-West Bank unity
- The National Committee for the Administration of the Gaza Strip was announced on January 14
- Muslim nations call for consolidation of the ceasefire and unimpeded humanitarian aid into Gaza
ISLAMABAD: Pakistan and seven other Muslim-majority countries on Thursday welcomed the formation of a temporary Palestinian technocratic body to administer Gaza, stressing that it must manage daily civilian affairs while preserving the institutional and territorial link between the Gaza Strip and the West Bank amid the ongoing peace efforts.
In a joint statement, the foreign ministers of Pakistan, Egypt, Jordan, Saudi Arabia, Qatar, Türkiye, Indonesia and the United Arab Emirates said the newly announced National Committee for the Administration of the Gaza Strip would play a central role during the second phase of a broader peace plan aimed at ending the war and paving the way for Palestinian self-governance.
“The Ministers emphasize the importance of the National Committee commencing its duties in managing the day-to-day affairs of the people of Gaza, while preserving the institutional and territorial link between the West Bank and the Gaza Strip, ensuring the unity of Gaza, and rejecting any attempts to divide it,” the statement said.
The committee, announced on Jan. 14, is a temporary transitional body established under United Nations Security Council Resolution 2803 and is to operate in coordination with the Palestinian Authority, the ministers said.
The statement said the move forms part of the second phase of US President Donald Trump’s Comprehensive Peace Plan for Gaza, which the ministers said they supported, praising Trump’s efforts to end the war, ensure the withdrawal of Israeli forces and prevent the annexation of the occupied West Bank.
The top leaders of all eight Muslim countries attended a meeting with Trump in New York last September, shortly before he unveiled the Gaza peace plan.
The ministers also called for the consolidation of the ceasefire, unimpeded humanitarian aid into Gaza, early recovery and reconstruction and the eventual return of the Palestinian Authority to administer the territory, leading to a just and sustainable peace based on UN resolutions and a two-state solution on pre-1967 lines with East Jerusalem as the Palestinian capital.
