State Bank of Pakistan SBP Jobs 2023

State Bank of Pakistan SBP Jobs 2023

The Bank of the Islamic Republic of Pakistan, also known as the State Bank of Pakistan (SBP), is the central bank of Pakistan. It was established on July 1, 1948, under the Bank of Pakistan Act 1948, with the aim of regulating the country's financial policy, banking sector, and foreign exchange assets. The bank's headquarters are located in Karachi, which is the largest city in Pakistan, and it is currently a state-owned public company listed on stock exchanges.

The SBP was founded on the recommendations of the Pakistani economist, Dr. M.A.H. Qureshi, after the collapse of undivided India's currency and exchange system in 1947. It was initially established as a public limited company under the name "The Bank of Pakistan Limited" and was later nationalized in 1948 under the Bank of Pakistan Ordinance, which led to the nationalization of all scheduled banks in Pakistan.

The SBP is responsible for formulating and implementing monetary policy, regulating monetary institutions, developing foreign exchange policy, and promoting the orderly development of the financial system. The bank offers various job opportunities, and recently, it announced a vacancy for the position of Deputy Director.

Interested candidates are required to apply online, and applications received after the due date will not be considered. Only shortlisted candidates will be invited for the interview, and no TA/DA will be provided for the selection process. It is important to note that any or all applications can be dismissed without giving any reason. The job announcement also emphasizes that no application will be accepted manually.