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ISLAMABAD:Foreign Minister Shah Mehmood Qureshi on Tuesday defended the appointment of Reza Baqir as the State Bank of Pakistan (SBP) governor, maintaining that the expatriate had returned with the sole purpose of steering the country out of its economic crisis. Reza Baqir has been appointed on merit. He has taken up the new job at a lower salary package than the one he had at the International Monetary Fund (IMF) just to serve the country, he said while speaking in the Senate.The minister said there was macroeconomic instability in the country when the Pakistan Tehreek-e-Insaf (PTI) government had come to power and it was compelled to approach the IMF for financial help.PT
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