Prime Minister Imran Khan has assigned Naveed Kamran Baloch as Executive Director (ED) to the World Bank (WB).
According to the details, Imran Khan has granted approval of Baloch’s appointment for the ED WB position and he would be leaving the country for Washington on October 31, 2020, replacing Shahid Ashraf Tarar.
The Economic Affairs Division (EAD) had moved the summary to PM with four names including Azam Khan, Naveed Kamran Baloch, Secretary Establishment Ijaz Munir, and former Governor State Bank (SBP) Tariq Bajwa.
The newly appointed ED will represent Pakistan at the World Bank for the next three years.
The tenure of posting of ED/Alternate ED to World Bank and Asian Development Bank reduced by one year from four years to three years in order to bring tenure of Pakistani representatives in line with election cycles for the appointment of Executive Director along with members of other jurisdictions of the same constituency.
The incumbent ED to World Bank Shahid Tarar will return to the country after completion of his tenure.
Different names are under consideration for the vacant slot of secretary finance, including Zafar Hasan, Federal Secretary Communication, Ahmed Nawaz Sukhera, Secretary Cabinet Division, Umar Hameed, Secretary National Food Security, and existing Special Secretary Finance Mohsin Mushtaq Chandna.
IMF to visit Pakistan
Let it be known that a team of International Monetary Fund is scheduled to visit Pakistan later this month and Pakistan will update the team about the targets pertaining to the State Bank of Pakistan’s autonomy, power sector, loss-making entities, and reforms in the Federal Board of Revenue.