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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: -
- 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;
- formulate and oversee foreign exchange reserve management, strategic investment and risk policy;
- approve the annual budget of the Bank;
- approve the annual report and financial statements of the Bank;
- adopt and oversee the Bank's policies on internal and external audit, compliance, internal controls and risk management;
- adopt and oversee the system of financial reporting, accounting policies, information technology and security in the Bank; and
- establish committees of the Board to assist in oversight functions.”
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| 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).
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| 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
- Research & Publications Review Committee
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| Board of Directors |
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Mr. Jameel Ahmad
Chairperson Governor, SBP
Profile
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Mr. Imdad Ullah Bosal
Secretary, Finance
Division, Government of Pakistan |
Dr. Ali Cheema
Non - Executive Director
Present term ends on
July 21, 2027 |
Dr. Syed Akbar Zaidi
Non - Executive Director
Present term ends on July 21, 2027 |
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 |
Mr. Zahid Ebrahim
Non-Executive Director
Present term ends on
July 21, 2027 |
Mr. Mahfooz Ali Khan
Non - Executive Director
Present term ends on
July 21, 2027 |
Mr. Muhammad Ali Latif
Non - Executive Director
Present term ends on
December 28, 2027 |
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| Secretary to the Board |
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Mr. Fayyaz ur Rehman
Corporate Secretary |
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