Company type | Government |
---|---|
Industry | Banking, Financial services |
Founded | 2021 in Balochistan, Pakistan |
Headquarters |
Quetta-87300, Balochistan , Pakistan |
Key people | Ashraf Mahmood Wathra (proposer) |
Products | Commercial banking, Islamic banking |
Owner | Government of Balochistan |
Bank of Balochistan is a financial institution of the Government of Balochistan, Pakistan. The bank was first proposed in 2017 by Ashraf Mehmood Wathra, then Governor of State Bank of Pakistan (SBP). [1] [2]
The Bank of Balochistan was conceived to enhance banking facilities within the province and bolster the commercial banking sector's footprint. [2] The provincial administration has earmarked Rs1 billion from its coffers for the bank's inception. [3] The bank is slated to function as a commercial entity while also serving as a government bank. [4] [5]