Governor State Bank Shahid Kardar resigns

ISLAMABAD: 

Governor State Bank Shahid Kardar resigned amid reports suggesting he had developed serious differences with top state functionaries.

The government has accepted his resignation.

Kardar remained governor of the central bank for the shortest period.He was the 16^th governor of state bank, and the sixth to resign from this post.

Kardar’s predecessor Saleem Raza had also resigned after staying in office for 16 months.

Kardar’s resignation would add to the woes of the PPP-led government which has struggled to bring together a sustainable economic team.

Now the other top representatives of SBP the executive directors and the chief economic advisers should also resign as they are the true policy-makers of SBP and indeed they should be blamed for working under the influence of Ministry of Finance. I hope that this time the new Governor is not playing the musical chair.