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State Bank of Pakistan


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State Bank of Pakistan (Arabic: بینک دولت پاکستان) is the Central Bank of the country. While its constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1st January 1974 when the Bank was nationalized, the scope of its functions was considerably enlarged. The State Bank of Pakistan Act 1956, with subsequent amendments, forms the basis of its operations today.


Like a Central Bank in any developing country, State Bank of Pakistan performs both the traditional and developmental functions to achieve macro-economic goals. The traditional functions, which are generally performed by central banks almost all over the world, may be classified into two groups: (a) the primary functions including issue of notes, regulation and supervision of the financial system, bankers’ bank, lender of the last resort, banker to Government, and conduct of monetary policy, and (b) the secondary functions including the agency functions like management of public debt, management of foreign exchange, etc., and other functions like advising the government on policy matters and maintaining close relationships with international financial institutions.

Being the Central Bank of the country, State Bank of Pakistan has been entrusted with the responsibility to formulate and conduct monetary and credit policy in a manner consistent with the Government’s targets for growth and inflation and the recommendations of the Monetary and Fiscal Policies Co-ordination Board with respect to macro-economic policy objectives. The basic objective underlying its functions is two-fold i.e. the maintenance of monetary stability, thereby leading towards the stability in the domestic prices, as well as the promotion of economic growth.

To regulate the volume and the direction of flow of credit to different uses and sectors, the Bank makes use of both direct and indirect instruments of monetary management. Until recently, the monetary and credit scenario was characterized by acute segmentation of credit markets with all the attendant distortions.

State Bank of Pakistan HQ Location Map

State Bank of Pakistan
HQ Address: Central Directorate
I.I. Chundrigar Road
Tel: +92 21 727 111
Swift Code: SBPPPKKR
Currency: Pakistan rupee
Banking Hours: Mon - Fri : 9.00am - 5.00pm


Pakistan embarked upon a program of financial sector reforms in the late 1980s. A number of fundamental changes have since been made in the conduct of monetary management which essentially marked a departure from administrative controls and quantitative restrictions to market-based monetary management. A reserve money management programme has been developed. In terms of the programme, the intermediate target of M2 would be achieved by observing the desired path of reserve money - the operating target. While use in now being made of such indirect instruments of control as cash reserve ratio and liquidity ratio, the program’s reliance is mainly on open market operations.

List of banks regulated by the State Bank of Pakistan
Public Sector Banks
» First Women Bank Limited » National Bank of Pakistan » Sindh Bank Limited
» The Bank of Khyber » The Bank of Punjab
Specialized Banks
» Industrial Development Bank of Pakistan » SME Bank Limited » The Punjab Provincial Cooperative Bank Ltd
» Zarai Taraqiati Bank Limited
Privatized Banks
» Allied Bank Limited » Habib Bank Limited » MCB Bank Limited
» United Bank Limited
Private Banks
» Askari Bank Limited » Habib Metropolitan Bank Limited » JS Bank Limited
» KASB Bank Limited » Mybank Limited » NIB Bank Limited
» SAMBA Bank Limited » SILKBANK Limited » Soneri Bank Limited
» Standard Chartered Bank (Pakistan) Limited » Summit Bank Limited
Islamic Banks
» Al Baraka Bank (Pakistan) Limited » Bank Alfalah Limited » Bank Al Habib Limited
» BankIslami Pakistan Limited » Burj Bank (Dawood Islamic Bank) » Dubai Islamic Bank Pakistan Limited
» Faysal Bank Limited » Meezan Bank Limited
Foreign Banks
» Barclays Bank PLC » Citibank N.A » Deutsche Bank AG
» HSBC Bank Middle East Limited » Oman International Bank » The Bank of Tokyo-Mitsubishi UFJ Limited
Micro Finance Banks
» KASHF Microfinance Bank Limited » Khushhali Bank Limited » Network Microfinance Bank Limited
» NRSP Microfinance Bank Limited » Pak Oman Microfinance Bank Limited » Rozgar Microfinance Bank Limited
» Tameer Micro Finance Bank Limited » The First Micro Finance Bank Limited

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