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 Powers of the Board


The SBP Board derives its functions and powers from the State Bank of Pakistan Act, 1956 (As amended upto 28-01-2022):


The Board, with the exception of the powers entrusted to the Monetary Policy Committee under section 9D, shall perform the following functions, namely: -

  1. define, approve and determine the general internal policies and rules of the Bank regarding the execution of its functions and approve internal rules for their implementation;
  2. formulate and oversee foreign exchange reserve management, strategic investment and risk policy;
  3. approve the annual budget of the Bank;
  4. approve the annual report and financial statements of the Bank;
  5. adopt and oversee the Bank's policies on internal and external audit, compliance, internal controls and risk management;
  6. adopt and oversee the system of financial reporting, accounting policies, information technology and security in the Bank; and
  7. establish committees of the Board to assist in oversight functions.


 Meetings of the Board


At least six meetings of the Board shall be held in a financial year and as frequently as is necessary for the purpose of discharging its responsibilities under State Bank of Pakistan Act, 1956 (As amended upto 28-01-2022).


 Committees of the Board


The Board is assisted by following Committees:

  • Audit Committee
  • Enterprise Risk Management Committee
  • Financial Law Reform Committee
  • Human Resources Committee
  • Investment Committee
  • Publications Review Committee

Board of Directors
 
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Mr. Jameel Ahmad
Chairperson
Governor, SBP

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Mr. Hamed Yaqoob Sheikh
Secretary, Finance Division, Government of Pakistan
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Dr. Ali Cheema
Non - Executive Director
Present term ends on
July 21, 2027
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Dr. Syed Akbar Zaidi
Non - Executive Director
Present term ends on July 21, 2027
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Mr. Tariq Mahmood Pasha
Non-Executive Director
Present term ends on
July 21, 2027
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Mr. Najaf Yawar Khan
Non - Executive Director
Present term ends on
July 21, 2027
       
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Mr. Fawad Anwar
Non - Executive Director
Present term ends on
July 21, 2027
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Mr. Syed Nadeem Hussain
Non - Executive Director
Present term ends on
July 21, 2027
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Mr. Mahfooz Ali Khan
Non - Executive Director
Present term ends on
July 21, 2027
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Mr. Zahid Ebrahim
Non-Executive Director
Present term ends on
July 21, 2027
Secretary to the Board

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Mr. Mohammad Mansoor Ali
Corporate Secretary

       
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