According to Section 7 (1) of the SBP-BSC Ordinance 2001, general superintendence, direction and management of the affairs and business of the SBP-BSC and overall policy making in respect of its operations is vested in the Board of Directors which may exercise all such powers and do all such acts, deeds and things that may be exercised or done by SBP-BSC. In discharging its functions, the Board ensures compliance with the orders and directions that may be issued by SBP from time to time.
BOARD OF DIRECTORS
The Board of Directors of SBP-BSC comprises of:
- Members of the Central Board of Directors of State Bank of Pakistan; and
- Managing Director, SBP-BSC.
The members of Central Board of Directors of State Bank of Pakistan comprise the Governor SBP, Secretary Finance, and eight non-executive Directors nominated by the Federal Government. The Governor SBP acts as the Chairman of the Board. The Directors, at least one from each province, are appointed by the Federal Government who shall be eminent professionals from the fields of economics, finance, banking, and accountancy. The Managing Director is appointed by SBP as mandated under Section 9 (1) of the SBP-BSC Ordinance 2001.
The Board is assisted by the following two Committees:-