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The State Bank of Pakistan (SBP) (Urdu: اسٹیٹ بینک پاکستان) is the central bank of Pakistan.Its Constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1 January 1974, when the bank was nationalised and the scope of its functions was considerably enlarged.
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 providing training and development to central and commercial bankers at national as well ...
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.
In 2018, there were 50.565 million bank accounts in Pakistan for its population of 207.77 million, resulting in a penetration rate of 24.34%. There were 15,053 bank branches, 14,148 ATMs, and 53,269 POS machines active in the country. On 28 April 2022, the Federal Shariat Court (FSC) announced a verdict in a case on Riba, declaring all the ...
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 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.
No Governor Took office Left office Time in office 1 Zahid Hussain: 10 June 1948 19 July 1953 5 years, 40 days 2 Abdul Qadir: 20 July 1953 19 July 1960
Nationality. Pakistani. Alma mater. University of the Punjab. Occupation. Economist, Banker. Jameel Ahmed is a Pakistani economist and banker who currently serves as the Governor of the State Bank of Pakistan. He assumed the position on 26 August 2022, after being appointed by the President of Pakistan for a five-year term. [1][2]