Thursday, July 7, 2022

Pakistan: After Governor SBP, Chairman FBR ,more removals expected soon


Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at

As the final talks with delegation of International Monetary Fund (IMF) near to the conclusion, incumbent government has taken sudden decisions to remove top order of economy related institutions.

Well informed source from the Capital city said that IMF representative in Egypt Dr Reza Baqir was offered Governorship of Central Bank of Pakistan. Baqir was recommended by Dr Hafeez Shaikh.

Source told WNObserver that the IMF during the recent talk asked the government that the Rupee parity should be determined by the market forces.

Moreover, the IMF advised Pakistani officials to ensure to elevate the revenue targets, despite repeated denials by the government on IMF conditions, major changes in bureaucracy queued in coming days.

Recently removed Dr Jahanzaib, since the day first was disowned by the FBR elite, he was failed to achieve the revenue targets.

Insiders from Ministry of Finance further told WNObserver that three officials from Federal Board of Revenue (FBR) namely Zahid Khokhar (member customs operation), Fazal Yazdani and Javed Ghani were in the race to chair the department but this time one among them will be given the toughest revenue target ever achieved in the history of the country ( as advised by the IMF).

Other then mentioned three from the department Currently Dr Ahmed Mujtaba Memon is serving as additional secretary in the Finance Division or Shabbar Zaidi may be placed as chairman. Source said from FBR and a leading business community leader informed.

Source further revealed that the current Secretary Finance Younus Dagha will be unseated soon, as the government seem unsatisfied with the performance of YD also new chief executive of Trade Development Authority will be appointed to set the track of the authority.

Read also: IMF agrees on $ 6.5 billion package for Pakistan, agreement to sign on May 10


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