Mr. Muhammad Kamran Shehzad
Deputy Governor (Operations)

The Federal Government appointed Mr. Muhammad Kamran Shehzad as Deputy Governor, State Bank of Pakistan for a period of three years with effect from March 12, 2009. Prior to his appointment as SBP Deputy Governor, Mr. Kamran was serving SBP Banking Services Corporation as its Managing Director since February 28, 2007.

Mr. Kamran Shehzad’s distinguished central/commercial banking career spreads over a period of more than 34 years. He joined the State Bank of Pakistan of Pakistan in February, 1997 on deputation from United Bank Limited and later on was absorbed as Joint Director on 22nd October, 1997. He was promoted as Senior Joint Director, Banking Supervision Department, SBP, Karachi on 23rd October, 2001. In the same capacity, Mr. Kamran Shehzad was transferred to Banking Policy Department of the State Bank on 2nd January, 2002. After a short period, he was promoted as Director of the same Department on 30th June, 2002. In June 2006, Mr. Kamran Shehzad was promoted as Executive Director, State Bank of Pakistan. He was appointed as Managing Director, SBP Banking Services
Corporation in February 2007.

In the capacity of Director, Banking Policy Department, his responsibilities included formulation of policies and regulations for banking sector, supervision of banking sector reforms, restructuring/re-construction/revival & liquidation of banks/DFIs, licensing of banks, privatization of state-owned financial institutions, interaction & coordination with multinational foreign financial institutions/central banks. He also attended matters relating to flow of credit, anti-money laundering, sick units, WTO and Deposit Insurance Scheme.

As Executive Director (Banking), State Bank of Pakistan, he supervised and looked after the working of Banking Policy, Banking Supervision, Banking Inspection, Agricultural Credit and Islamic Banking Departments of the State Bank of Pakistan. His duties mainly focused on overall supervision and policy making in the field of banking.

As Managing Director, SBP Banking Services Corporation, his responsibilities included overall supervision, management & control of the Corporation, having over four & a half thousand employees. His major areas of operations were currency management, foreign exchange operations, adjudication of sixteen office of SBP-BSC, internal security and development finance etc. During his tenure as Managing Director, SBP-BSC, a complete re-structuring and re-organization of the BSC was undertaken under his direct supervision.

Mr. Kamran Shehzad’s professional experience prior to joining SBP covers a period of over 22 years. He earned a vast experience in banking & finance during his stay at Industrial Development Bank of Pakistan (IDBP) and UBL. He remained attached with UBL from July, 1983 to February, 1997 as Vice President & Head of Credit Department, and Manager, Small Scale Industrial Department. During his association of nearly fourteen years, his major responsibilities were supervision of credit to private sector, coordination with banks/DFIs on project financing/credit and recovery, monitoring of performance of nationalized commercial banks in private industrial investment sector, critical evaluation of feasibility and other reports for the review of management, coordination with banks/DFIs for preparation of rehabilitation/financial package for sick industrial units etc. He also handled different lines of credits/loans from the World Bank and Asian Development Bank for the development of small, medium and large industries.

Mr. Kamran served Pakistan State Oil Company Ltd from May 1976 to July, 1983 as Accounts Manager with core responsibilities of overall supervision of Products, Banking & Accounts sections. He also served IDBP from Sept., 1974 to May, 1976 where his major responsibilities as Financial Analyst were financial management, project analysis and project analysis.

Mr. Kamran holds degrees of Master of Business Administration (Finance) and M.A. (Economics) from the Punjab University besides holding Diploma in Banking (DAIBP) from IBP. He has played a vital role in implementation of Financial Sector Reforms and transformation of banking system to a strong dynamic and vibrant banking sector.

Mr. Kamran is also the pioneer of establishment of Shariah compliant Islamic Banks and stand alone branches in the country. He has represented SBP in various national and international conferences/forums.