SBP governor to be appointed in a day or two: Ishaq Dar


Finance Minister Ishaq Dar has said that the State bank of Pakistan Governor would be apponted in a day or two.

“An honest and hardworking man will be appointed the SBP governor. The decision will be made on arrival of Prime Minister from foreign visit,” he added.

Talking to the media on Thursday in Islamabad after chairing meeting of heads of all commercial banks, he said Rs 3 increase in value of dollar was beyond his understandings. All bankers agreed in the meeting to keep dollar price from Rs105 to Rs 107.

Meanwhile, Pakistani rupee strengthened sharply after strong statement of the Federal Finance Minister Ishaq Dar that the government would not spare banks and other individuals exploiting the political situation.

The rupee gained against greenback by nearly Rs3 and was trading at Rs105.50 to a dollar.

Finance Minister Ishaq Dar said he won’t allow banks, individuals and companies to exploit situation where State Bank said that the fall in the currency was the reflection of the economy.