State Bank of Pakistan

State Bank of Pakistan is the central bank of Pakistan that performs both the traditional and developmental functions to achieve macro-economic goals. The State Bank of Pakistan has also been entrusted with the responsibility to carry out monetary and credit policy in accordance with Government targets for growth and inflation with the recommendations of the Monetary and Fiscal Policies Co-ordination Board without trying to effect the macroeconomic policy objectives. The State Bank of Pakistan looks into many ranges of banking to deal with changes in the economic climate and different purchasing and buying powers. State Bank of Pakistan was established in 1948 and is headquartered in the financial capital of Pakistan, Karachi with its second headquarters in the Islamabad.