Who is the First State Bank of Pakistan?

Who is the First State Bank of Pakistan?

These lectures are a humble tribute to (late) Zahid Husain – the first Governor of State Bank of Pakistan (SBP) – whose illustrious span of services at SBP is spread over a period of five years, starting from June 1948 to July 1953.

Who is the head of the State Bank of Pakistan?

Mr. Tariq Bajwa
Mr. Tariq Bajwa is the current and the 19th Governor of the State Bank of Pakistan. He was appointed as the Governor SBP in July 2017 for a period of three years.

Who founded State Bank of Pakistan?

Quaid-i-Azam Muhammad Ali Jinnah
The State Bank itself was inaugurated by Quaid-i-Azam Muhammad Ali Jinnah on 1st July, 1948. The State Bank of Pakistan on 1st July, 1948.

Who is the first lady Governor of State Bank Pakistan?

Dr. Shamshad Akhtar
Dr. Shamshad Akhtar took over as Governor, State Bank of Pakistan on 2nd January, 2006 for a three-year term. Dr. Akhtar, who is the first woman and the 14th Governor of the State Bank since its inception in July, 1948 brings rich experience, both national and international, to her new assignment.

When was State Bank of Pakistan established?

July 1, 1948State Bank of Pakistan / Founded
On 1st July 1948, Quaid-e-Azam, Muhammad Ali Jinnah inaugurated the State Bank of Pakistan, housed in Victoria Museum Building rented from Karachi Municipal Corporation.

How many state banks are in Pakistan?

Overview. Pakistan Banking Sector comprises Commercial Banks, Foreign Banks, Islamic Banks, Development Financial Institutions and Microfinance Banks. The Industry constitutes around 31 banks, of which five are public sector banks, 22 are private banks, and 4 are foreign banks.

When was SBP established?

In May 1948 Muhammad Ali Jinnah (Founder of Pakistan) took steps to establish the State Bank of Pakistan immediately. These were implemented in June 1948, and the State Bank of Pakistan commenced operation on July 1, 1948.

Who was Pakistan first governor general?

Quaid-i-Azam became first Governor General of the nascent state of Pakistan on August 15, 1947. The new responsibility was like bed of thrones for him.

Who is 2nd Governor General of Pakistan?

List of governors-general of Pakistan

No. Name (Birth–Death) Term of office
Time in office
1 Muhammad Ali Jinnah (1876–1948) 1 year, 28 days
2 Sir Khawaja Nazimuddin (1894–1964) 3 years, 33 days
3 Sir Ghulam Muhammad (1895–1956) 3 years, 294 days

Who is Deputy Governor of SBP?

Ms Sima Kamil was appointed as the Deputy Governor of SBP by the Federal Government on August 25, 2020 for a period of 3 years with immediate effect. She assumed her responsibilities on August 26, 2020. Ms. Kamil is the first woman appointed as Deputy Governor of SBP.

Who is deputy governor of SBP?

Which is largest bank in Pakistan?

Habib Bank Limited
Habib Bank Limited is the largest bank in Pakistan. It is involved in the commercial banking sector and many financial services. The HBL also provides asset management services in Pakistan and abroad.

Who is the last Governor of Pakistan?

Governor-General of Pakistan
Formation 14 August 1947
First holder Muhammad Ali Jinnah
Final holder Iskander Mirza
Abolished 23 March 1956

Who is the first governor general?

In accordance with the provisions of the Regulating Act of 1773, Warren Hastings became the first governor-general.

Who was the first governor of the State Bank of Pakistan?

Zahid Hussain was the first governor of state bank of Pakistan. He lingered on this post from 1948 to 1953. The incumbent governor general of a state bank is Tariq Bajwa appointed on 7 July 2016. He is the 19 th governor of a state bank.

Why was the State Bank of Pakistan set up in 1994?

It required the state bank to “regulate the monetary and credit system of Pakistan and to foster its growth in the best national interest with a view to securing monetary stability and fuller utilization of the country’s productive resources”. In February 1994, the State Bank was given full autonomy, during the financial sector reforms.

Where is the headquarters of the State Bank of Pakistan located?

The State Bank of Pakistan Act 1956, with subsequent amendments, forms the basis of its operations today. The headquarters are located in the financial capital of Pakistan, Karachi.

Where is the headquarter of SBP located in Pakistan?

The headquarters are located in the financial capital of Pakistan, 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 offices in 16 cities across Pakistan, including the capital city Islamabad and the four provincial capitals.