Introduction:

• State bank of Pakistan is the central bank of a country. Central Bank is

the national bank which provides financial and banking services for its
country's government and commercial banking system as well as
implementing the government’s monetary policy and issuing
currency.
• The headquarters are located in the financial capital of Pakistan which
is Karachi and its second headquarters in the capital, Islamabad
History:
• Reserve Bank of India was the central bank of both Pakistan and India.
• On 30th December 1948 British government commission distributed
the reserve bank of India’s reserve between Pakistan and India with
ratio of 30:70.
• The losses incurred in the transition to independence were taken
from Pakistan’s share a total of 230 million.
• In May,1948 M. Ali Jinnah took step to establish SBP.
• The idea was implemented in June 1948.
• SBP commenced operation on July 1st,1948