SBP Governor, Chairman FBR removed from posts

ISLAMABAD - The Pakistan Tehreek-e-Insaf-led federal government removed Governor State Bank of Pakistan Tariq Bajwa and Chairman Federal Board of Revenue Jahanzeb Khan from their posts late Friday, sources disclosed.

The decision came as the federal government gears up to seal a deal with the International Monetary Fund for a bailout package currently being discussed by Advisor on Finance, Abdul Hafeez Sheikh.

The decision is being viewed as a step to shore up the economic reserves by increasing the tax net and coincides with the announcement made by Prime Minister Imran Khan that former finance minister Asad Umar would rejoin cabinet soon.

Soon after the decision, former interior minister took a jibe at the ruling regime and stressed that the premier should be removed.

Finance Minister fired, Governor SBP fired, Chairman FBR fired. Unless the real culprit is fired nothing will change. #FireincompetentPMIK

— Ahsan Iqbal (@betterpakistan) May 3, 2019