Which bank in Pakistan is responsible for formulating and implementing all banking policies?

The State Bank of Pakistan is the central bank of Pakistan, established in 1948. Its primary responsibilities include formulating and implementing monetary policy, regulating the financial system, managing foreign exchange reserves, and overseeing all banking operations in the country. This makes it the ultimate authority for banking policies.

• National Bank of Pakistan, Habib Bank Limited, and Bank Alfalah are all commercial banks. While they operate under the regulations set by the State Bank, they do not formulate national banking policies themselves. They are private or public sector entities focused on commercial banking services.