The National Institute of Banking and Finance (NIBAF) Pakistan organized a specialized training program titled “T-24 Currency and Banking” at its Islamabad campus (NIBAF-P) from May 29 to 30, 2025. The two-day session was conducted under the expert facilitation of Mr. Jamshaid Afzal, Assistant Chief Manager of Cash at the State Bank of Pakistan Banking Services Corporation (SBP BSC) Islamabad.
This training program was part of NIBAF’s ongoing commitment to enhancing the technical skills and operational understanding of banking professionals in Pakistan. With increasing complexity in banking operations and the growing importance of automated systems, the T-24 training aimed to bridge the knowledge gap and build capacity among bank staff, especially those directly involved in currency management and transaction processing.
T-24, a widely recognized core banking solution, plays a pivotal role in the daily operations of modern banks, offering real-time processing capabilities and enhanced functionality for managing currency-related operations. By focusing on this critical system, NIBAF’s initiative sought to equip participants with the practical tools and conceptual knowledge needed to navigate the technological demands of contemporary banking.
Mr. Jamshaid Afzal, a seasoned banking professional from SBP BSC Islamabad, led the training with a focus on real-world applications of T-24 in managing currency functions. His sessions provided insights into how the core banking solution is utilized within central and commercial banking environments to streamline currency processing, ensure compliance, and increase operational efficiency. Drawing from his experience, Mr. Afzal illustrated key use cases and discussed challenges and best practices in system implementation and day-to-day operations.
Participants of the training program came from various departments and levels of the banking sector, reflecting a diverse pool of professionals eager to deepen their understanding of the T-24 system. The course structure included a mix of lectures, case discussions, and interactive sessions, allowing attendees to engage directly with the material and share their experiences.
NIBAF continues to position itself as a premier training and capacity-building institution in the financial sector of Pakistan. Through programs like “T-24 Currency and Banking,” it is playing a significant role in preparing the banking workforce for the demands of an increasingly digitized economy. The initiative is also aligned with the broader goals of the State Bank of Pakistan in promoting robust financial infrastructure and technological readiness across institutions.
As banks across Pakistan accelerate their transition to digital systems, such training programs are becoming essential to ensure seamless integration and consistent operational standards. With SBP’s backing and experienced facilitators like Mr. Jamshaid Afzal contributing to the process, the country’s banking sector is poised to benefit from a stronger, more skilled workforce equipped to handle the complexities of modern banking technology.
The successful completion of this training marks another step toward professional excellence and technological adoption in Pakistan’s financial landscape, reinforcing the importance of continuous learning and institutional support in navigating the future of banking.