Search results
Results from the Go Local Guru Content Network
The traditional functions may be classified into two groups: 1) The primary functions including an issue of notes, regulation and supervision of the financial system, bankers' bank, lender of the last resort, banker to Government, and conduct of monetary policy.
Pakistan. Campus. Islamabad Lahore and Karachi. Affiliations. State Bank of Pakistan. Website. [1] The National Institute of Banking and Finance (NIBAF) is a subsidiary of the State Bank of Pakistan (SBP) head by the managing director, a board of directors and the governor of State Bank of Pakistan. NIBAF, a non-profit organisation, aims at ...
Raast (Urdu: راست lit. 'direct') is an instant payment system developed by the State Bank of Pakistan (SBP). [1] It operates using the state-of-the-art Pakistan Faster Payment System (PFPS), facilitating real-time settlement of small-value retail payments, including inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. [2]
The State Bank of Pakistan gained autonomy, and United Bank Limited, which had collapsed, was recapitalized under central bank management. In 1997, Pakistan initiated banking reforms to address long-standing issues within major state-owned banks, such as the National Bank of Pakistan (NBP), Habib Bank Limited (HBL), and United Bank Limited (UBL).
National Bank of Pakistan, abbreviated as NBP ( Urdu: نیشنل بینک آف پاکستان) is a Pakistani government -owned multinational commercial bank which is a subsidiary of State Bank of Pakistan. It is headquartered in Karachi, Pakistan. As of December 2022, it has over 1,500 branches across Pakistan.
In 2007, the Financial Monitoring Unit (FMU) was formed as a department of the State Bank of Pakistan, which is the Central Bank of Pakistan. The FMU was headed by a Director and its reporting entities were the regulated Banking Institutions coming under the ambit of the central bank.
The Central Directorate of National Savings (Urdu: مرکزی نظامت برائے قومی بچت) is the state-owned savings bank of Pakistan. It operates as an attached department of the Finance Division, Ministry of Finance and is headed by Director General. [1]
The Ministry of Finance is a Cabinet-level ministry of the Government of Pakistan in charge of government finance, physical policy and financial regulation. It is headed by a Finance Minister, an executive or cabinet position. The Minister is responsible each year for presenting the federal government's budget to the Parliament of Pakistan.
The central bank of Pakistan ("State Bank of Pakistan") has an "Islamic Banking Department" that as of 2016 describes itself as "enabling legal, regulatory and Shariah compliance framework" for that country's Islamic banking industry (along with other tasks such as promoting Islamic finance).
Ishrat Husain is a Pakistani banker and economist who served as the dean of the Institute of Business Administration (2008-2016) and the Governor of the State Bank of Pakistan (1999-2006). He presently serves as Advisor to Prime Minister Imran Khan for Institutional Reforms & Austerity, in office since August 2018.