President Asif Ali Zardari has appointed Yaseen Anwar as new Governor State Bank. It was expected that President Zardari will select Yaseen Anwar. Earlier, Yaseen Anwar was also working as acting governor of Ventral Bank of Pakistan.
It was compulsion for government to appoint new Governor as soon as possible. According to SBP 1956 Act, federal govt has to appoint governor central bank within the period of three months after post vacant. Shahid Hafeez Kardar resigned on July 18, 2011 and Government was bound to appoint new governor until 18 October. Government appoint Yaseen Anwar today (19 October, 2011).