NIBAF Pakistan commenced Day-1 of the “Central Banking Program for Lateral Entrants” for officers of the State Bank of Pakistan, marking the beginning of a structured initiative aimed at strengthening both foundational and functional understanding of central banking roles, policy frameworks, and operational dynamics. The program, scheduled from February 9 to 14, 2026, is being conducted at the NIBAF Pakistan Karachi Campus in a face-to-face format to promote interactive learning and direct engagement between trainers and participants.
The program is designed to support lateral entrants in navigating the complexities of central banking by providing structured learning on core institutional functions, regulatory frameworks, and practical insights necessary for effective performance. Day-1 focused on laying a strong foundation for participants, familiarizing them with the operational architecture of the State Bank of Pakistan and the broader regulatory environment within which it operates.
The session was facilitated by Mr. Shehzad Ali Sharif and Mr. Fayyaz Mahmood, who guided participants through discussions on key responsibilities of central banks, including monetary policy implementation, financial system oversight, and regulatory compliance. Trainers emphasized the importance of understanding both conceptual and practical aspects of central banking, ensuring that officers entering through lateral induction can align with institutional objectives and operational expectations.
A major focus of Day-1 was to provide participants with insights into the functional structure of central banking operations. Officers were introduced to the workflows, reporting hierarchies, and decision-making processes that underpin policy execution and regulatory supervision. By connecting theoretical frameworks to real-world applications, the training aimed to equip lateral entrants with a clear perspective on how central bank policies are operationalized and monitored.
The face-to-face mode enabled direct interaction, allowing participants to raise queries, discuss practical challenges, and engage in scenario-based learning exercises. This approach ensured that officers not only gained conceptual clarity but also developed the confidence to apply their knowledge in operational settings, enhancing their readiness for performance across various functional domains within the State Bank of Pakistan.
Day-1 also highlighted the significance of regulatory frameworks in maintaining financial stability. Participants explored the role of central banks in supervising the banking sector, enforcing compliance, and managing systemic risk. Trainers underscored how well-defined policies and operational protocols support institutional effectiveness, risk mitigation, and overall governance within the financial system.
The program reflects NIBAF Pakistan’s commitment to capacity building within the country’s central banking ecosystem. By focusing on structured learning for lateral entrants, the institution aims to ensure that newly inducted officers are adequately prepared to contribute to policy implementation, regulatory oversight, and operational excellence.
As the six-day program progresses, Day-1 set the tone by emphasizing foundational knowledge, operational awareness, and practical perspectives necessary for effective onboarding. Through initiatives like this, NIBAF Pakistan continues to strengthen professional competencies within the State Bank of Pakistan, fostering a workforce capable of navigating the complexities of modern central banking while supporting institutional goals and sectoral stability.
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