Mr. Riaz Riazuddin was appointed as Deputy Governor, SBP by the Federal Government for a period of three years with effect from March 30, 2015.

Prior to his appointment as Deputy Governor, Mr. Riazuddin was serving as Chief Economic Advisor – Monetary Policy (CEA-MP), leading SBP’s monetary policy related group of departments and was also entrusted to oversee the HR function of the Bank as Executive Director – HR since March, 2014. As CEA-MP, he was involved in negotiations with multilateral institutions. He has been a member on the Board of Directors of NIBAF, a subsidiary of the Bank. Mr. Riazuddin was also appointed as a Member of the independent Monetary Policy Committee of SBP on 26th January 2016. Earlier, he was a member of the Advisory Committee on Monetary Policy of the SBP Board.

Mr. Riazuddin brings around 20 years of central banking experience to his new assignments. Before joining SBP in 1994, he has served at Applied Economics Research Centre (AERC), University of Karachi as Assistant Professor/Research Economist. He holds Master’s degrees from the University of Karachi and Boston University, USA in Statistics, Economics and Economic Policy.
Since his association with the Bank in February 1994, Mr. Riazuddin has been part of formulating and implementing the Bank’s Monetary Policy in various capacities through management of Net Domestic Assets, Open Market Operations, and auction of government securities. He joined the Bank as Additional Director, General Economic Research Department and his subsequent responsibilities included Director Securities Department, Director Research Department, and Economic Advisor before his appointment as Chief Economic Advisor in October, 2009.

His rich experience includes negotiations with the officials of various international and multilateral agencies. There are multiple research initiatives to his credit such as the Financial Sector Assessment Reports, Inflation Monitor, SBP Research Bulletin and SBP Working Paper Series. As a manager, his accomplishments include restructuring of the research cluster of departments at SBP and team building to produce more focused output relevant to monitoring economic conditions and formulation of monetary policy.

He has been representing SBP at various forum such as Chairman, Working Group on Monetary Policy and Financial Sector Development; Director, Board of National Institute of Banking and Finance (NIBAF); and as member of Panel of Economists constituted by Government of Pakistan, Technical Committee on National Accounts of the Federal Bureau of Statistics, Technical Committee on Consumer Price Index of the Federal Bureau of Statistics, and Working Group on External Sector constituted by Government of Pakistan.

Mr. Riazuddin has presented many scholarly papers at various conferences and seminars and his work has been published in various journals at the national and international levels.

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