Our Operations

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Monetary Policy

State Bank of Pakistan (SBP) is mandated to formulate and implement monetary policy in Pakistan. This involves setting the benchmark policy rate that in turn influences other interest rates in the economy, affecting the behavior of borrowers and lenders, economic activity and ultimately the rate of inflation.

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Banking Regulations & Supervision

One of the principal tasks of State Bank of Pakistan is to safeguard the soundness and stability of the financial system. To achieve this objective, State Bank has instituted an effective legal and regulatory framework.

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Financial Stability

Financial stability reflects the state in which the financial system-financial intermediaries, financial markets and financial market infrastructure-aids in smooth flow of funds between savers and investors in a structured and trustful manner. Given the importance of financial stability for the well functioning economy, ensuring stability of the financial system has emerged as one of the key responsibility of the central banks and regulatory authorities across the world.

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Financial Markets

Markets for trading financial instruments including money, bonds, stocks, and derivative are referred to as Financial Markets. Developed financial markets can play a key role of intermediating between the lenders (savers) and the borrowers (investors), reduce information asymmetries and allow central banks to implement and achieve objectives of monetary and exchange rate policies….

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Digital Financial Services

Digital Financial Services (DFS) include a broad range of financial services accessed and delivered through digital channels. DFS can be a catalyst in improving living standards, reducing poverty, decreasing fiscal deficit, and providing equal income opportunity to all Pakistanis.

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Financial Inclusion

Financial inclusion is defined as access to formal financial services by individuals & firms to use a range of quality payments, savings, credit and insurance services which meet their needs with dignity and fairness

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Islamic Banking

Islamic banking is defined as banking system which is in consonance with the spirit, ethos and value system of Islam and governed by the principles laid down by Islamic Shariah. Interest free banking is a narrow concept denoting a number of banking instruments or operations which avoid interest.

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Consumer Protection

Financial consumer protection is one of the important policy objectives pursued by central banks and financial regulators around the globe. There is growing consensus amongst global policy makers that achieving financial inclusion and stability hinges on enhancing the consumers’ confidence in the financial system. With the emergence of globalization, technological advancement and financial innovation, consumer protection has become even more challenging in today’s financial world.

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Rupay Ko Pehchano

As per the State Bank of Pakistan Order 1948, the State Bank of Pakistan was charged with the duty to regulate the issue of banknotes and keeping of reserves with a view to securing monetary stability in Pakistan and generally to operate the currency and credit system of the country to its advantage.

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Initiatives

The State Bank of Pakistan (SBP) drives financial inclusion and economic stability through initiatives like the Roshan Digital Account (for diaspora banking), Raast (instant payment system), and the Banking on Equality policy to reduce gender gaps. Key programs focus on digital transformation, SME financing, and literacy to improve access to formal financial services.

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