State Bank of Pakistan (Central Bank of Pakistan)

The State Bank of Pakistan is the Central Bank of Pakistan. The state bank of Pakistan started its operation on 1st July 1948. Since then the bank has been operating with a mission of promoting both monetary and financial stability and to foster the financial system for achieving sustainable growth by reducing inequality.

Some of the important functions of the bank are as follows:

The State Bank of Pakistan is the Central Bank of Pakistan. The state bank of Pakistan started its operation on 1st July 1948. Since then the bank has been operating with a mission of promoting both monetary and financial stability and to foster the financial system for achieving sustainable growth by reducing inequality.

Some of the important functions of the bank are as follows:

• Issues the legal tender currency
• Implements the monetary and credit policy
• Regulates the financial market
• Acts as a banker to the banks
• Acts as a banker to Government

With regards to the management of the bank, the Board of Directors plays a significant role. The Board consists of the Governor being the chairman of the board, Secretary Finance, Government of Pakistan and seven directors.

The Address and Contact details of the bank is as follows:

State Bank of Pakistan

Address: P.O. Box 4456 Karachi PAKISTAN Phone No.: ++92-21-921 24 00-9  Fax: ++92-21-921 24 46