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The State Bank of Pakistan (SBP) (Urdu: بینک دَولتِ پاکِستان) 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.
Here is a list of the governors of the State Bank of Pakistan. List of governors. No Governor Took office Left office Time in office 1 Zahid Hussain: 10 June 1948
Pakistan Mint. Valuation. Inflation. 35.37% (2023) The Pakistani rupee ( ISO code: PKR) is the official currency in the Islamic Republic of Pakistan. The issuance of the currency is controlled by the State Bank of Pakistan. It was officially adopted by the Government of Pakistan in 1949.
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]
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).
The current State Bank of Pakistan Museum & Art Gallery building, previously the Imperial Bank of India, is a Greco Roman building in Jodhpuri Red Sandstone constructed in the 1920s by the British government. In 2004, the State Bank of Pakistan decided to adapt the building as a museum; work on the projects started in 2006 and was devoted to ...
Raast is an initiative led by the State Bank of Pakistan, that received backing from the Bill and Melinda Gates Foundation and Karandaaz Pakistan. It was developed with World Bank assistance. [7] Raast began its development in 2018. Bulk/Batch payments (e.g., dividend disbursements from the SBP CDC) went live in January 2021.
In 2020, Murtaza Syed began a three-year term as Deputy Governor of the State Bank of Pakistan, appointed by the Federal Government under the State Bank of Pakistan Act 1956 (amended). [3] Syed has published multiple papers on macroeconomic issues and has lectured at Cambridge and Oxford Universities. [3]