The recent news in the press that Governor, State Bank of Pakistan Dr Ishrat Hussain will retire in December, 2005 after completion of over 5 years contract period is most disconcerting.
More so because Ishrat Hussain performed an economic turn around of both the micro and macro-economic indicators and accelerated economic development for the prosperity of our beloved nation.
He has been greatly instrumental in the successful management of finance and other sectors, which still demand further improvement. With Ishrat Hussain at the helm of affairs at the State Bank of Pakistan a lot more could be achieved.
We therefore appeal to the President General Pervez Musharraf and Prime Minister, Shaukat Aziz that Ishrat Hussain may please be retained as Governor, State Bank of Pakistan as it is the need of the hour.