Mahbubur Raschid | |
|---|---|
| 4th Governor of the State Bank of Pakistan | |
| In office July 20, 1967 –July 1, 1971 | |
| Preceded by | Shujaat Ali Hasnie |
| Succeeded by | Shahkur Durrani |
| Personal details | |
| Occupation | Banker |
Mahbubur Raschid was a East Pakistani banker who served as the fourth Governor of the State Bank of Pakistan from 1967 to 1971. [1] [2] [3]
The economy of Pakistan is classified as a low income developing economy. It is the 23rd-largest in terms of GDP based on purchasing power parity (PPP). In 2021,the country had a population of 227 million people. As of FY22,the nominal GDP of Pakistan stands at US$376 billion with a nominal GDP per capita of US$1,658 (177th);its GDP based on PPP stands at US$1.512 trillion with a GDP (PPP) per capita of US$6,662 (168th).
The Pakistani rupee ISO code:PKR ; is the official currency of Pakistan since 1949. Earlier the coins and notes were issued and controlled by the Reserve Bank of India. Later in 1949,it was handed over to the Pakistan government by the Government of India. India played an important role in manufacturer and providing currency to Pakistan
The State Bank of Pakistan (SBP) is the Central Bank of Pakistan. Its Constitution,as originally laid down in the State Bank of Pakistan Order 1948,remained basically unchanged until 1 January 1974,when the bank was Nationalized and the scope of its functions was considerably enlarged. The State Bank of Pakistan Act 1956,with subsequent amendments,forms the basis of its operations today. The headquarters are located in the financial capital of the country in Karachi. The bank has a fully owned subsidiary with the name SBP Banking Services Corporation (SBP-BSC),the operational arm of the Central Bank with Branch Office in 16 cities across Pakistan,including the capital Islamabad and the four Provincial Capitals Lahore,Karachi,Peshawar,Quetta. The State Bank of Pakistan has other fully owned subsidiaries as well:National Institute of Banking and Finance,the training arm of the bank providing training to Commercial Banks,the Deposit Protection Corporation,and ownership of the Pakistan Security Printing Corporation.
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