LAHORE MIRROR (Monitoring Desk)– Pakistan has great strengths to effectively address the multiple challenges it has been facing, Reza Baqir said on Wednesday upon the completion of his term as the State Bank of Pakistan’s (SBP) governor.
Federal Minister for Finance and Revenue Miftah Ismail Tuesday announced that no extension has been granted to Reza Baqir as the SBP governor as his three-year tenure expires today.
Taking to Twitter on Tuesday midnight, Baqir voiced hope that Pakistan will make the right decisions to overcome the challenges.
“We face several challenges but also have great strengths as a country to address them. I am confident and hopeful that we as a country will make the right choices to overcome the challenges ahead of us,” he wrote.
Alhamdulillah tomorrow I complete my 3 years as Governor of our central bank @StateBank_Pak. Allah has been kind to give me the chance to serve my country in public office. To other fellow Pakistanis, especially overseas, I encourage you to consider public service 1/n
— Reza Baqir (@rezabaqir) May 3, 2022
He also expressed gratitude for successfully completing his three-year term as the central bank’s governor and urged overseas Pakistanis to contribute in public service.
Baqir listed down multiple initiatives that he lead during his tenure as the SBP head. The initiatives are as follows:
Roshan Digital Account to connect overseas Pakistanis with our banks, Raast, Pakistan’s first instant and free payment system. Framework to license digital banks in Pakistan — a first that promotes inclusion and innovation. Financial inclusion especially of women with Banking on Equality. Promotion of affordable mortgages for low-income people. Institutional strengthening of SBP by hiring three top-class deputy governors
SOURCE: GEO NEWS
