Established
1948
Personnel
~5,000+
Headquarters
Karachi
Pay Scale
OG 1-5

About State Bank of Pakistan

The State Bank of Pakistan (SBP) is the country's central bank, established on July 1, 1948. As the apex monetary authority, SBP regulates monetary policy, issues currency, manages foreign exchange reserves, and supervises the banking sector.

SBP operates with a unique Officer Grade (OG) pay structure instead of the standard BPS system, offering highly competitive compensation packages and is considered one of the most prestigious institutions for banking and finance careers in Pakistan.

Career Positions at SBP

Officer Grades (OG Scale)

Specialized Banking Positions

IT & Technical Positions

Support & Administrative Staff

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Recruitment Process

1

Online Application

Apply through SBP official website recruitment portal

2

IBA/NTS Test

Comprehensive test covering aptitude, economics, and English

3

Group Discussion

Assessment of communication and analytical skills

4

Interview

Panel interview by SBP senior management

5

Training Program

Comprehensive banking and central bank operations training

SBP Departments & Functions

Monetary Policy

Interest rate decisions, inflation control, economic stability

Banking Supervision

Regulating commercial banks, Islamic banking, microfinance

Foreign Exchange

Forex reserves management, exchange rate policy

Currency Management

Note printing, coin minting, currency distribution

Financial Stability

Banking sector health, financial system monitoring

Payment Systems

Electronic payments, RTGS, clearing systems

Benefits & Allowances

  • Premium OG scale salary - highest in government sector
  • Generous housing allowance or accommodation in SBP housing
  • Comprehensive health insurance for employee and family
  • Attractive contributory provident fund scheme
  • Pension benefits upon retirement
  • International training programs and professional certifications
  • Performance-based bonuses and incentives
  • Educational support and scholarships for children
  • Official car for senior positions
  • Prestige of working with Pakistan's central bank

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