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State Bank of Pakistan
 | This article needs additional citations for verification. (June 2017) |
 Seal of the State Bank of Pakistan | |
 Headquarters of the State Bank of Pakistan | |
| Headquarters | I. I. Chundrigar Road, Serai Quarter, Karachi-74000, Pakistan |
|---|---|
| Established | 7 January 1948 |
| Ownership | 100% state ownership[1] |
| Governor | Jameel Ahmad |
| Central bank of |  Pakistan |
| Currency | Pakistani rupee (₨) PKR (ISO 4217) |
| Reserves |  $9.120 billion (May 2024)[2] |
| Reserve requirements | 6.00%[3] |
| Bank rate |  15%[4] |
| Interest rate target | 16.5–18.5% |
| Interest on reserves | 16.5% |
| Preceded by | Reserve Bank of India |
| Website | sbp |
The State Bank of Pakistan (SBP) is the central bank of Pakistan. Its Constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1 January 1974, when the bank was nationalised and the scope of its functions was considerably enlarged. The State Bank of Pakistan Act 1956,[5] with subsequent amendments, forms the basis of its operations today. The headquarters are located in the financial capital of the country in Karachi. The bank has a fully owned subsidiary with the name SBP Banking Services Corporation (SBP-BSC), the operational arm of the Central Bank with Branch Office in 16 cities across Pakistan, including the capital Islamabad and the four provincial capitals Lahore, Karachi, Peshawar, Quetta. The State Bank of Pakistan has other fully owned subsidiaries as well: National Institute of Banking and Finance, the training arm of the bank providing training to Commercial Banks, the Deposit Protection Corporation, and ownership of the Pakistan Security Printing Corporation.[6]
- ^ Weidner, Jan (2017). The Organisation and Structure of Central Banks. d-nb.info (Dr. rer. pol thesis). Technische Universität Darmstadt. Archived from the original on 2020-05-28. Retrieved 2020-05-09.
- ^ Iqbal, Shahid (May 10, 2024). "SBP reserves hit two-year high above $9bn". DAWN.COM.
- ^ Iqbal, Shahid (November 14, 2021). "SBP raises Cash Reserve Requirement limit to contain monetary expansion". DAWN.COM.
- ^ "SBP cuts key policy rate by 200bps to 17.5pc". DAWN.COM. September 12, 2024.
- ^ "Bill to amend State Bank of Pakistan 1956" (PDF). Archived from the original (PDF) on 3 June 2013.
- ^ ""Inflation So High, Cannot Earn Enough": Pakistan Battles Economic Crisis". NDTV.com. Archived from the original on 2023-07-28. Retrieved 2023-07-28.
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