State Bank of Pakistan

The State Bank of Pakistan (SBP) is the central bank of Pakistan, established in 1948. Its primary functions, as defined by the State Bank of Pakistan Act, 1956, include regulating the monetary and credit system, managing currency issuance, fostering economic growth, and ensuring the stability of the financial system. SBP acts as the banker to the government and to commercial banks, manages the country's foreign exchange reserves, and oversees the national payment systems to maintain a stable and sound economic environment in Pakistan.