PM bars dual nationals from SBP

Prime Minister Shehbaz Sharif has blocked a move to allow dual nationals to become governor, deputy governors, and members of the monetary policy committee of the central bank after a cabinet committee unanimously recommended making dual nationals eligible for these positions. The federal cabinet last week deferred the approval of the State Bank of Pakistan Amendment Bill 2024 for the second time this time at the behest of the prime minister himself, said government sources. PM Sharif had constituted a body to review a proposal to allow dual nationals to assume key positions in the central bank. The sources said the premier expressed in the meeting that no specific relaxation against the legal ban should be allowed for appointing the governor, deputy governors, and members of the monetary policy committee of the State Bank of Pakistan (SBP).