State Bank of Pakistan is the Central Bank of Pakistan. The headquarters are located in the financial capital of Pakistan, Karachi with its second headquarters in the capital, Islamabad.
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.
The State Bank of Pakistan looks into a lot of different ranges of banking to deal with the changes in economic climate and different purchasing and buying powers. The principal officer of the SBP is the Governor.
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