Bank of Balochistan
TypeGovernment
IndustryBanking, Financial services
Founded2021 in Balochistan, Pakistan
Headquarters
Quetta-87300, Balochistan
,
Pakistan
Key people
Ashraf Mahmood Wathra (proposer)
ProductsCommercial banking, Islamic banking
OwnerGovernment of Balochistan

Bank of Balochistan is a financial institution of the Government of Balochistan, Pakistan. The bank was first proposed in 2017 by Ashraf Mehmood Wathra, then Governor of State Bank of Pakistan (SBP).[1][2]

Establishment

The Bank of Balochistan was conceived to enhance banking facilities within the province and bolster the commercial banking sector's footprint.[2] The provincial administration has earmarked Rs1 billion from its coffers for the bank's inception.[3] The bank is slated to function as a commercial entity while also serving as a government bank.[4][5]

References

  1. ↑ "Wathra proposes establishment of Balochistan Bank". Profit by Pakistan Today. March 22, 2017.
  2. 1 2 "Mar 21, 2017; Wathra wants banks to increase coverage in Balochistan". Dawn Epaper. March 21, 2017.
  3. ↑ "Rs1b allocated for setting up Bank of Balochistan". The Express Tribune. July 3, 2021.
  4. ↑ "Provincial govt sets aside Rs10b for establishment of Balochistan Bank". July 19, 2017.
  5. ↑ "Govt plans to create Balochistan Bank". The Express Tribune. June 17, 2021.
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