Finance Minister Senator Mohammad Ishaq Dar has appointed Ashraf Mahmood Wathra, Deputy Governor, State Bank of Pakistan (SBP) Acting Governor till further orders. The Governor SBP Yaseen Anwar had been directed to hand over the charge to Ashraf Mahmood Wathra upon close of business hours on Friday. Meanwhile, SBP, in a press statement, has said that there have been media reports speculating various reasons as to why Governor Yaseen Anwar has resigned from the State Bank of Pakistan.

The bank said that it would like to clarify that reasons for Governor Anwar's exit are attributable to personal reasons that relate to his family and particularly the recent unfortunate head injury to his son studying abroad. It was an honour for Yaseen Anwar to serve Pakistan at this prestigious institution for almost seven years as Deputy Governor and Governor of State Bank of Pakistan.-PR

Copyright Business Recorder, 2014