In recent times, maintaining financial stability has emerged as the key objective of many central banks and financial regulatory authorities, and they have allocated dedicated resources for the purpose. State Bank of Pakistan (SBP), given its responsibilities of ensuring monetary stability and soundness of the financial system, has been actively overseeing the developments in the financial sector since long. More recently, it has identified “Strengthening the Financial Stability Regime” as one of the key strategic goals under its strategic plan “SBP Vision 2020”.

2. As a step towards achieving this key objective and with a view to institutionalize the financial stability function, SBP has created a new department viz. Financial Stability Department (FSD). In this regard, it is informed that Mr. Muhammad Javaid Ismail has assumed the charge as Director of Financial Stability Department, State Bank of Pakistan, Karachi effective from 7th January, 2016. His specimen signatures are appended below:.

3. Please acknowledge receipt.

Specimen signature of:
1. Mr. Muhammad Javaid Ismail, Director, FSD ____________________