Jameel Ahmed has been appointed as the new Governor State Bank of Pakistan (SBP) for the next five years. Six names had been suggested for the top position, including some officials recommended by the International Monetary Fund. However, their names were left out due to dual nationalities.
Ahmed Jameel has joined the Board of Directors of the State Bank of Pakistan (SBP) as an independent non-executive director. He has been associated with the SBP since 1991 in various roles including Deputy Governor, Executive Director and Senior Management Committees.
He joined SAMA in July 2009 as an Advisor and served as its Chairman until April 2015. Jameel also served as a member of the Board of Directors of the Institute of Corporate Governance of Pakistan.
As Deputy Governor SBP, Mr. Jameel has played an instrumental role in the digitization of banking and payments as well as the enablement of fintech for offering innovative financial services. He supervised the formulation and issuance of Regulations for E-money Institutions in Pakistan.
He also served as the Chairman of Steering Committees on the implementations of Raast, Pakistan’s instant payment system; digital banking regulations and SBP’s Knowledge Management System. He also oversaw the development and issuance of Pakistan’s National Payment Systems Strategy developed jointly by SBP and the World Bank. It is to be noted that the position of Governor SBP had been vacant since May 2022 and the coalition government had appointed Murtaza Syed as the acting Governor.