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The State Bank of Pakistan (SBP) 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.
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]
Here is a list of the governors of the State Bank of Pakistan. [1] List of governors. No Governor Took office Left office Time in office 1 Zahid Hussain: 10 June 1948
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 as ...
Deutsche Bank AG (Deutsche Bank Pakistan) Citi Bank N.A (CitiBank N.A Pakistan) Industrial and Commercial Bank of China Limited (ICBC Pakistan) Bank of China [3] (Bank of China Pakistan Branch) The Hong Kong and Shanghai Bank (HSBC Bank Pakistan) The Bank of Tokyo-Mitsubishi UFJ (MUFG Bank Pakistan) Standard Chartered Bank (Standard Chartered ...
In 2001, the State Bank of Pakistan and the Bank of England permitted only two Pakistani banks to operate in the United Kingdom. As a result, NBP and United Bank Limited merged their UK operations to form Pakistan International Bank, with NBP holding a 45% stake and United Bank owning 55%. In 2002, Pakistan International Bank was renamed United ...
Ashraf Mahmood Wathra was the 18th Governor of State Bank of Pakistan. He was appointed as the State Bank Governor on 29 April 2014 and served until 28 April 2017. He was appointed as the State Bank Governor on 29 April 2014 and served until 28 April 2017.
The FMU was headed by a Director and its reporting entities were the regulated Banking Institutions coming under the ambit of the central bank. [2] After the approval of the Anti-Money Laundering Act, 2010, FMU was established as an autonomous government agency under the law in order to act as the Financial Intelligence Unit of Pakistan.