State Bank Of Pakistan (sbp)
Homepage http://www.sbp.org.pk
LinkedIn Profile https://linkedin.com/company/stat***of-paki***
HQ Location
Pakistan Main I. I. Chundrigar Road Karachi, Sindh 75000, 111 727 111 Karachi Pakistan
State Bank Of Pakistan operates as the Central Bank of Pakistan. While its constitution, was originally laid down in the State Bank of Pakistan Order 1948, the scope of its functions has considerably enlarged since 1974. The State Bank of Pakistan Act 1956, with subsequent amendments, forms the basis of its operations today as an autonomous institution.
Like a Central Bank in any developing country, State Bank of Pakistan performs both the traditional and developmental functions to achieve macro-economic goals. Its primary functions include issue of notes, regulation and supervision of the financial system, bankers’ bank, lender of the last resort, banker to government, and conducting monetary policy. Other main functions include management of Foreign Exchange Policy & Regulations of the country under FERA Act and custodian and manager of the Pakistan's Foreign Exchange Reserves.
The bank also performs agency functions, such as management of Public Debt, as well as other functions, which include advisi
Financial Services and Banking
Companies in the financial affairs and banking industry provide financial services such as deposits, lending money, investing funds, issuing credit cards and processing payments. They advise clients on financial matters including retirement planning and risk management strategies.
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