The federal government has appointed Murtaza Syed as the deputy governor of the State Bank of Pakistan. He has been appointed for three years.
Murtaza had worked with the International Monetary Fund (IMF) at different important positions.
A notification for the appointment of Murtaza Syed as the deputy governor of the bank was issued by the Finance Ministry.
In pursuance of section 10(4) of the State Bank of Pakistan Act, 1956, the federal government is pleased to appoint Murtaza Syed as deputy governor SBP for a period of three years with immediate effect.
According to the IMF, Murtaza Syed is a deputy division chief in the IMF’s Strategy, Policy and Review Department. He joined the Fund in 2004 and has previously worked in the Fiscal Affairs and Asia and Pacific Departments.
Prior to his current assignment, he was IMF’s deputy resident representative in China. He has been involved in IMF programs and surveillance of various emerging markets and advanced economies, including Colombia, Cyprus, the Euro Area, Korea, and Japan. His analytical work has covered macro-financial linkages, fiscal and monetary policy, financial crises, investment, demographics, and inequality.
Before joining the Fund, Mr. Syed worked at the Institute for Fiscal Studies in London and the Human Development Centre in Islamabad. He has a Ph.D. in economics from the University of Oxford.
Murtaza Syed is currently the second such appointment at the top hierarchy of the SBP. Previously in May 2019, the government had appointed Dr. Reza Baqir as the Governor State Bank of Pakistan (SBP) for three years.