SBP governor, FBR chairman removed as IMF team visiting

ISLAMABAD: The federal government on Friday removed governor of the central bank and chief of the tax collecting agency in the wake of dismal fiscal position of the country and in the presence of visiting IMF mission, reports said.

The removal of the heads of top organizations has come at a time when the fiscal year is about to end and the government is finalizing budget preparation.

The media reported quoting sources said that Tariq Bajwa, governor, State Bank of Pakistan (SBP) had tendered his resignation after the federal government had sought his removal from the post of central bank governor.

However, the government removed Muhammad Jehanzeb Khan from the post of the chairman of Federal Board of Revenue (FBR).

The removal has come at a time when IMF team is visiting Pakistan on new loan program. The heads of SBP and FBR have important role in any IMF loan program.

The reports said that decision for removing was taken when Asad Umar was Finance Minister.

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