State Bank of Pakistan (SBP) has merged its two subsidiaries– National Institute of Banking and Finance (NIBAF) and the Institute of Bankers Pakistan (IBP)- to launch NIBAF Pakistan as part of its strategic approach to prepare human resource for the banking and financial sectors.
SBP Governor Jameel Ahmad said that this merger aligns with national goals of advancing professional development, promoting best practices and supporting economic development initiatives. He asked banks and financial institutions to actively collaborate with NIBAF Pakistan and utilize its resources for positive change and building a strong financial sector.
Addressing the audience at the launch ceremony of NIBAF Pakistan, he emphasized the importance of developing skills and setting high standards for the financial sector in the country. He stated that NIBAF Pakistan will leverage the combined expertise of NIBAF and IBP to offer a wide range of training programs, certifications, qualifications and assessment services tailored to needs of the financial industry. He praised the hard work of the team involved in the merger, highlighting the improved efficiency and new opportunities that will come from this union.
He shared his vision of making NIBAF Pakistan a leading institute for learning and development in banking and finance, with a focus on innovation and adopting global standards. The launch event took place at the NIBAF Pakistan Karachi Office and was attended by leaders from the finance and banking sectors, corporate sector, development agencies, and academia.
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