The State Bank of Pakistan (SBP) has taken a significant step towards strengthening the country’s financial sector by merging its two subsidiaries, the National Institute of Banking and Finance (NIBAF) and the Institute of Bankers Pakistan (IBP). The newly formed entity, NIBAF Pakistan, aims to provide comprehensive training and development opportunities for professionals in the banking and finance industry.
SBP Governor Jameel Ahmad emphasized the importance of this merger in aligning with national goals and promoting professional development. He urged banks and financial institutions to actively engage with NIBAF Pakistan to enhance their capabilities and contribute to the growth of the sector.
At the launch ceremony, Governor Ahmad highlighted the need for developing a skilled workforce with high standards in the financial sector. NIBAF Pakistan will leverage the combined expertise of NIBAF and IBP to offer a wide range of training programs, certifications, and assessment services tailored to the specific needs of the industry.
The merger is expected to improve efficiency and create new opportunities for professional development. Governor Ahmad expressed his vision for NIBAF Pakistan to become a leading institute in banking and finance education, focusing on innovation and adopting global best practices.