Salim Raza resigns as SBP governor -Pakistan Press Foundation (PPF)

Paksitan Press Foundtion

Salim Raza resigns as SBP governor

ISLAMABAD: The Governor of State Bank, Syed Salim Raza, resigned on Wednesday and the resignation was accepted by President Asif Ali Zardari.

“The SBP governor has tendered his resignation on personal reasons. The president has received the summary of his resignation from the Prime Minister’s Secretariat today (Wednesday) and signed it late in the night,” president’s spokesman Farhatullah Babar told Dawn.

He said that Mr Raza had several times in the past expressed his desire to quit for some personal reasons.

The resignation came three days before the announcement of the federal budget.

Meanwhile, the president has nominated Sheikh Yaseen Anwar, Deputy Governor of the SBP, to work as acting governor. A finance ministry handout said: “The government would like to place on record its acknowledgement of the meritorious services rendered to the country by Syed Salim Raza as the Governor of State Bank of Pakistan and wishes him the very best in his future life and career.”

Mr Raza was to retire in February 2011.
Source: Dawn