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Examples
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Mr. Kardar will remain central bank governor until his resignation is officially accepted.
Pakistan's Central Banker Resigns Zahid Hussain 2011
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A person close to Mr. Kardar confirmed he had handed in his resignation to Pakistan President Asif Ali Zardari.
Pakistan's Central Banker Resigns Zahid Hussain 2011
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The resignation of Mr. Kardar, who was respected by Pakistan's foreign donors, further complicates the economic picture for a country highly dependent on International Monetary Fund and World Bank loans.
Pakistan's Central Banker Resigns Zahid Hussain 2011
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Shahid Kardar, who had been governor for less than a year, was a vocal critic of the government's failure to contain a widening deficit, which was 6% of gross domestic product in the fiscal year ended June 30.
Pakistan's Central Banker Resigns Zahid Hussain 2011
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Bloomberg News Shahid Kardar criticized the government's failure to contain the deficit.
Pakistan's Central Banker Resigns Zahid Hussain 2011
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An Oxford University-educated economist, Mr. Kardar, 58 years old,took up the post in September after Salim Raza, the previous governor, resigned before completion of his tenure.
Pakistan's Central Banker Resigns Zahid Hussain 2011
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Kardar, in a Dec. 13 interview with Bloomberg News, blamed government borrowing for price pressures and said raising rates may impede investments and undermine economic growth.
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"We welcome the negotiations going on between the government and political parties," Kardar said on Jan. 29, after unexpectedly keeping the benchmark interest rate unchanged at 14 percent.
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Kardar, who blames Pakistan's above-15 percent inflation rate on government borrowing, said the three rate increases since July are "crowding out" investment and curtailing growth.
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"We welcome the negotiations going on between the government and political parties," Kardar said on Jan. 29, after unexpectedly keeping the benchmark interest rate unchanged at 14 percent.
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