New building of State Bank of Pakistan in Sialkot inaugurated

Governor State Bank of Pakistan Jameel Ahmad inaugurated the new building of State Bank of Pakistan, Banking Services Corporation (BSC) in Sialkot to meet the growing needs of the stakeholders.

Speaking on the occasion, the Governor emphasized that SBP BSC has been transforming itself into a technology driven organization. He elaborated that SBP BSC’s focus on technology is in line with its drive for digital banking in the country and towards this goal, the organization has been making efforts to automate its operations, including automated currency operations, use of alternative delivery channels for government receipts, end-to-end regulatory approval system for forex cases, centralization of various accounts and approval systems, e-QMS & digital screens in banking halls and extensive CCTV coverage.

He emphasized that the State Bank is fully committed to provide smooth and efficient services to government, banks, businesses, and public at large. The Governor also reiterated SBP’s commitment to facilitate business community of Pakistan and shared various schemes and services offered by the central Bank.

Managing Director SBP BSC Muhammad Ashraf Khan in his address provided the details of the initiative of constructing a purpose built new building of the BSC Sialkot office and its significance for the city and region surrounding it. He explained that the Sialkot office is closely coordinating with businesses and banks in the region to increase the access to financial services by exporters, SMEs, women entrepreneurs, farmers, and low-income individuals.