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National April 4, 2021 ISLAMABAD: The government has proposed extending tenure of governor, deputy governors, non- executive directors, and external members of the Monetary Policy Committee (MPC) from three to five-year term under State Bank of Pakistan (SBP) Amendment Bill 2021 to bring it in line with the tenure of the politically-elected government. According to the draft of the SBP amendment bill 2021, the Governor, Deputy Governors, the executive directors and the external members of the Monetary Policy Committee shall be appointed for a term of five years and shall be eligible for one re-appointment for another term of five years. No person shall hold the office of the Governor or Deputy Governor after attaining the age of 65 years. The proposed bill states that all the aforementioned members of the Monetary Policy Committee shall not be eligible to become a Director or Member after vacating the office until the expiry of the term of office for which they we ....
SBP bill proposes five-year term for governor, other members of MPC thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.