Karachi, August 07, 2024 – The State Bank of Pakistan (SBP) has merged its two subsidiaries, the National Institute of Banking and Finance (NIBAF) and the Institute of Bankers Pakistan (IBP), to form NIBAF Pakistan. This strategic move aims to strengthen the preparation of human resources for the banking and financial sectors.
SBP Governor Jameel Ahmad highlighted that this merger aligns with the national goals of advancing professional development, promoting best practices, and supporting economic development initiatives. He urged banks and financial institutions to actively collaborate with NIBAF Pakistan and utilize its resources to foster positive change and build a robust financial sector.
During the launch ceremony of NIBAF Pakistan, held at the NIBAF Pakistan Karachi Office, Governor Ahmad emphasized the critical importance of developing skills and setting high standards for the financial sector. He noted that NIBAF Pakistan will leverage the combined expertise of NIBAF and IBP to offer an extensive range of training programs, certifications, qualifications, and assessment services tailored to the needs of the financial industry.
Governor Ahmad praised the dedication of the team involved in the merger, highlighting the improved efficiency and new opportunities arising from this union. He shared his vision of making NIBAF Pakistan a leading institute for learning and development in banking and finance, with a strong focus on innovation and the adoption of global standards.
The launch event was attended by prominent leaders from the finance and banking sectors, the corporate sector, development agencies, and academia, marking a significant milestone in Pakistan’s financial sector development.
