Finance Minister Ishaq Dar has accepted the resignation of State Bank of Pakistan (SBP) Governor Yaseen Anwar.
An official notification confirmed that Anwar’s resignation would take effect from January 31 (today).
“Anwar had tendered his resignation a while ago and the finance minister will relieve him soon,” a top government official said.
Sources said Dar was not comfortable with the outgoing governor of the central bank.
According to one of the close aides of the finance minister, Dar was solely fighting on fiscal as well as monetary front of the economy. A weak governor had failed in controlling the rising inflation and protecting the dwindling foreign exchange reserves, they added.
During the tenure of the Pakistan People’s Party regime, it was the governor of central bank who had advised the then government not to go to the IMF that led to depletion of reserves, a heavy price.
But the governor had always defended his stance by saying that no crisis had erupted as many economists had argued at that time.
The governor was also not happy with the recent appointments in the central bank. A deputy governor had recently been appointed. However, a highly placed official close to the governor had rejected the report of the resignation.