In a continued effort to enhance operational excellence and currency management expertise, the National Institute of Banking and Finance (NIBAF) Pakistan successfully conducted a two-day training program on “Currency Management (Intermediate Level)”. The session was specifically designed for officials from the State Bank of Pakistan Banking Services Corporation (SBP BSC) and was held at the NIBAF Lahore campus from April 29 to 30, 2025.
The comprehensive training aimed to bridge theoretical concepts with practical applications in the field of currency management—an area of increasing importance in the banking and financial sector, especially with Pakistan’s evolving economic landscape and digitization efforts. NIBAF continues to act as the premier training and capacity-building arm for the State Bank of Pakistan (SBP), playing a pivotal role in shaping the competencies of banking professionals across the country.
The program was led by two seasoned professionals, Mr. Muhammad Asad and Mr. Sohaib Riaz, both of whom brought a wealth of experience and technical insight into the sessions. Their expertise added significant value by providing participants with a deeper understanding of intermediate-level concepts such as cash cycle operations, note processing, counterfeit detection, currency forecasting, and the role of automation in currency logistics.
Participants included mid-level and senior officials from SBP BSC, representing various regions. The training sessions featured interactive lectures, case studies, and simulation-based activities that promoted knowledge sharing and collaborative problem-solving. Feedback from the attendees highlighted the practical relevance and real-world applicability of the content covered during the two-day engagement.
The venue—NIBAF’s Lahore campus—provided a conducive learning environment, equipped with modern training infrastructure and technology. NIBAF has long been recognized for its commitment to providing quality education, skill development, and professional enrichment programs in line with the strategic objectives of SBP.
This training comes at a time when central banks around the world, including Pakistan’s SBP, are actively modernizing their currency management systems to ensure efficiency, security, and sustainability. The increased emphasis on training in this domain reflects SBP’s forward-thinking approach and the strategic importance of enhancing internal capabilities to manage the cash cycle effectively, particularly amid growing reliance on both digital and traditional forms of currency.
NIBAF Pakistan has steadily built a reputation for delivering cutting-edge training programs, workshops, and policy-oriented learning initiatives for the country’s banking and finance professionals. This recent session on currency management is part of a broader initiative to elevate the standards of financial operations and support SBP’s mission of maintaining monetary stability and fostering a robust banking ecosystem.
With the success of this program, NIBAF reaffirmed its commitment to capacity-building and talent development in Pakistan’s banking sector. Future sessions and more advanced training modules are already being planned to cater to the growing and diverse needs of SBP BSC officials and other financial sector stakeholders.