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 January 1, 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 Pakistan, 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 offices in 16 cities across Pakistan, including the capital city Islamabad and the four provincial capitals. The State Bank of Pakistan has other fully owned subsidiaries as well: National Institute of Banking and Finance (NIBAF), the training arm of the bank providing training to commercial banks; the Deposit Protection Corporation (DPC); and ownership of Pakistan Security Printing Corporation (PSPC).
Shamshad Akhtar is a Pakistani development economist, diplomat and intellectual who served as the caretaker Finance Minister of Pakistan. Prior to that, she served as the 14th Governor of the State Bank of Pakistan, the first woman to assume this position. She also served as a senior adviser to the then Secretary-General of the United Nations, Ban Ki-moon and as Vice-President of the World Bank.
Abdul Hafeez Sheikh is a Pakistani economist and politician who served as Federal Minister for Finance and Revenue Affairs from 11 December 2020 to 29 March 2021. Previously, he served as an advisor to Prime Minister on Finance and Revenue from April 2019 to December 2020.
Asad Umar is a Pakistani politician who has been the member of the National Assembly of Pakistan since September 2013. He is currently serving as Federal Minister for Planning, Development, Reforms and Special Initiatives, in office since 19 November 2019.
Nargis Sethi is a retired Pakistani civil service officer of the Pakistan Administrative Service who served in BPS-22 grade as the Cabinet Secretary of Pakistan and Principal Secretary to the Prime Minister of Pakistan. Other heavyweight assignments held by Sethi include Secretary for Water and Power, Secretary for Economic Affairs and Defence Secretary of Pakistan.
Syed Osman Ali was a Pakistani banker who served as the 7th Governor of the State Bank of Pakistan.
Rizwan Ahmed is a Pakistani civil servant who serves in BPS-22 grade as the Maritime Secretary of Pakistan, in office since April 2019. He did his two-year Master in Public Administration from Harvard University and joined the Pakistan Administrative Service in 1988. He was promoted to the country's highest civil service rank of Federal Secretary in 2017.
The Federal Secretary is the highest-ranking position in the Government of Pakistan, occupied by the most senior civil servant in a specific Ministry or Division. The Secretary is the administrative head of that Ministry or Division and oversees and enforces public policy matters. The authority for the creation of this post solely rests with the Cabinet of Pakistan. The position holder is a BPS-22 grade officer, usually belonging to the Pakistan Administrative Service.
Fawad Hasan Fawad is a retired Pakistani civil servant who served in BPS-22 grade as the Principal Secretary to two Prime Ministers, Nawaz Sharif and Shahid Khaqan Abbasi.
Jawad Rafique Malik is a Pakistani civil servant who serves in BPS-22 grade as Chief Secretary Punjab. Hailing from Lahore, Malik belongs to the Pakistan Administrative Service and is batchmates with Fawad Hasan Fawad, Rizwan Ahmed, Sikandar Sultan Raja and Shoaib Mir Memon.
Nasir Mahmood Khosa is a retired Pakistani civil servant from Dera Ghazi Khan who belonged to the Pakistan Administrative Service and served in BPS-22 grade, the highest attainable rank for a serving officer. He was promoted to the rank of Federal Secretary in 2010.
Grade 22 is the highest attainable rank and pay scale for a civil servant in Pakistan. Grade 22 is equal to a 4-star rank of the Pakistan Armed Forces. With over five thousand civil servants and bureaucrats in Pakistan, only a few dozen officers serve in BPS-22 grade at a given time. Hence, not even 2% of the country's civil servants make it to the highest basic pay scale of grade 22. Officers serving in BPS-22 grade are largely considered to be one of the most influential individuals in the country.
Muhammad Hammad Azhar is a Pakistani politician who is the current Energy Minister of Pakistan, in office since 16 April 2021. Previously, he served as the Finance Minister of Pakistan from 29 March 2021 to 16 April 2021.
Muhammad Shehzad Arbab is a retired Pakistani civil servant who serves as Advisor to Prime Minister Imran Khan on Establishment, in office from August 2018. Before his retirement from civil services, Arbab served in BPS-22 grade as the Commerce Secretary of Pakistan and Chief Secretary Khyber Pakhtunkhwa. He belongs to the Pakistan Administrative Service and is batchmates with Tariq Bajwa, Babar Yaqoob Fateh Muhammad and Sajjad Saleem Hotiana.
Waqar Masood Khan is a retired Pakistani civil servant who serves as Advisor to Prime Minister Imran Khan on Revenue in the capacity of a Minister of State in Cabinet,in office from October 2020. Before his retirement from civil services, Waqar served in BPS-22 grade as Pakistan's longest running Secretary of Finance.
Naveed Kamran Baloch is a retired Pakistani civil servant who served in BPS-22 grade as the Cabinet Secretary and Finance Secretary of Pakistan. Baloch belonged to the Pakistan Administrative Service and was promoted to the rank of Federal Secretary in October 2017. After retirement from active civil service, Baloch was appointed as the Executive Director to World Bank.
Shoaib Mir Memon is a retired Pakistani civil servant who served in BPS-22 grade as the Education Secretary of Pakistan and Chief Secretary Balochistan. Memon belongs to the Pakistan Administrative Service and was promoted to the rank of Federal Secretary in December 2017. Hailing from Sindh, he has also served as chairman of State Life and Additional Secretary Establishment Division.
Kamran Lashari is a retired Pakistani civil servant of the Pakistan Administrative Service who served in BPS-22 grade as the Petroleum Secretary of Pakistan and Chief Secretary Sindh. Lashari is best known for his five-year stint as chairman of the Capital Development Authority during the government of President Pervez Musharraf. After retirement from active civil service, Lashari remained president of the Lahore Gymkhana and director general of the Walled City of Lahore Authority.
Babar Yaqoob Fateh Muhammad is a retired Pakistani civil servant who serves as chairman of the Federal Land Commission of Pakistan, in office since April 2020. Previously, he served in BPS-22 grade as the Cabinet Secretary of Pakistan, Chief Secretary Balochistan and Maritime Secretary. He also served as ECP Secretary and Chief Secretary Gilgit Baltistan. He belongs to the Pakistan Administrative Service and is batchmates with Shehzad Arbab, Tariq Bajwa and Sajjad Saleem Hotiana.
Kamran Rasool is a retired Pakistani civil servant belonging to the Pakistan Administrative Service who served in BPS-22 grade as the Cabinet Secretary of Pakistan, Chief Secretary Punjab and later on as the Defence Secretary of Pakistan. Rasool was considered to be one of the most influential civil servants during the era of General Pervez Musharraf. Rasool was promoted to the rank of Federal Secretary in May 2003.
Pakistani 