SBP governor says financial sector is instrumental in national development

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KARACHI: “The financial sector is instrumental in the National development of a country. The role of the institutions contributing to this sector in various forms needs to be not only highlighted; but duly acknowledged,” State Bank of Pakistan (SBP) Governor Tariq Bajwa said this while addressing at the launching ceremony of the 3rd Pakistan Banking Awards 2018 here in Karachi at the IBP Head Office on Wednesday.

SBP Governor Tariq Bajwa

He appreciated the organizers for holding the annual Pakistan Banking Awards and said it is a delightful occasion for him to announce the launching of the 3rd Pakistan Banking Awards, 2018.
While talking to media in the event he said All stakeholders involved in low cost housing financing have been consulted to highlight the difficulties so we could framework the policy for the financing. After the analysis and formation of policy low cost housing financing will grow in the country.
The Institute of Bankers Pakistan in collaboration with A.F Ferguson & Co. (AFF), have taken this initiative and it has provided a platform to recognize the contribution of institutions making a marked difference in the world of banking.
“I strongly encourage maximum participation by banks and supporting institutions; and would like to see more and more entrants actively participating in this event every year. These awards will showcase their efforts in promoting and projecting Pakistan as a progressive nation that is advancing towards economic stability and developing into a welfare state,” he said.
The Chief Executive IBP Mr. Hussain Lawai said, the Pakistan Banking Awards 2018 will no doubt once again, serve as a distinguished platform to promote, recognize and acknowledge the contribution of the banking industry towards enhancing Pakistan’s economy.
He also announced the jury and said that this year, one new Category “Best Emerging Bank” has been added while the name of the category “Best Bank for Corporate Finance & Capital Market Development” has been changed to “Best Investment Banking”; all other award categories remaining the same.