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Due to political instability in the early 1990s, the bank's establishment was delayed until 1994, when it received scheduled bank status under Chief Minister Manzoor Wattoo and approval from the State Bank of Pakistan. [2] [3] In 1991, the Bank of Punjab was listed on the Karachi Stock Exchange, following an initial public offering. [4]
Before independence on 14 August 1947, during the British colonial era, the Reserve Bank of India was the central bank for the then undivided subcontinent. On 30 December 1948 the British Government's commission distributed the Reserve Bank of India's reserves between Pakistan and India—30 percent (750 M gold) for Pakistan and 70 percent for India.
It's a department of the Ministry of Interior, Government of Pakistan. The Directorate General of Civil Defence also operates the Civil Defence Academy, Lahore and National Institute of Fire Technology, Islamabad. [2] Civil Defence Organization is the continuity of Air Raid Precaution Volunteer units which existed before 1951.
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) Saudi National Bank (Samba Financial Group|Samba Bank (Pakistan) Limited)
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 ...
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
In 2019, President Arif Alvi appointed Baqir governor of the State Bank of Pakistan for a period of three years. [6] The appointment took place a day after his predecessor Tariq Bajwa was unexpectedly removed from his post. [7] He currently is Managing Director and Practice Leader of Sovereign Advisory Services at Alvarez & Marsal in Dubai. [8]
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 ...