State Bank of Pakistan

State Bank of Pakistan
بینک دولت پاکستان
Seal of the State Bank of Pakistan
Seal of the State Bank of Pakistan
Headquarters of the State Bank of Pakistan
Headquarters of the State Bank of Pakistan
Central bank of Pakistan
HeadquartersI. I. Chundrigar Road, Serai Quarter, Karachi, Sindh, Pakistan
Established7 January 1948 (1948-01-07)
Ownership100% state ownership
GovernorJameel Ahmad
CurrencyPakistani rupee (₨)
PKR (ISO 4217)
ReservesIncrease $16.40 billion (April 2026)
Reserve requirementsDecrease 5.00%
Bank rate10.5%
Preceded byReserve Bank of India
Succeeded byBangladesh Bank (1971, in Bangladesh)
Websitewww.sbp.org.pk/index.html

The State Bank of Pakistan (SBP; Urdu: بینک دولت پاکستان, romanised: Bank Daulat Pakistan) is the central bank of Pakistan. Its headquarters are located in Karachi, the financial capital of the country. The State Bank of Pakistan Act 1956, with subsequent amendments, forms the basis of its operations today. Its constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained largely unchanged until 1 January 1974, when the bank was nationalised under President Zulfikar Ali Bhutto's presidency and the scope of its functions was considerably enlarged.

The bank has a fully owned subsidiary with the name SBP Banking Services Corporation (SBP-BSC), the operational arm of the Central Bank with Branch Office in 16 cities across Pakistan, including the capital Islamabad and the four provincial capitals Lahore, Karachi, Peshawar, Quetta. The State Bank of Pakistan has other fully owned subsidiaries as well: National Institute of Banking and Finance, the training arm of the bank providing training to Commercial Banks, the Deposit Protection Corporation, and ownership of the Pakistan Security Printing Corporation.