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]
| Company type | Government |
|---|---|
| Industry | Banking, Financial services |
| Founded | 2021 in Balochistan, Pakistan |
| Headquarters | Quetta-87300, Balochistan , Pakistan |
Key people | Ashraf Mahmood Wathra (proposer) |
| Products | Commercial banking, Islamic banking |
| Owner | Government of Balochistan |
Establishment edit
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 edit
- ^ "Wathra proposes establishment of Balochistan Bank". Profit by Pakistan Today. March 22, 2017.
- ^ a b "Mar 21, 2017; Wathra wants banks to increase coverage in Balochistan". Dawn Epaper. March 21, 2017.
- ^ "Rs1b allocated for setting up Bank of Balochistan". The Express Tribune. July 3, 2021.
- ^ "Provincial govt sets aside Rs10b for establishment of Balochistan Bank". July 19, 2017.
- ^ "Govt plans to create Balochistan Bank". The Express Tribune. June 17, 2021.