“Which bank in Pakistan formulates and implements banking policies?”

"The State Bank of Pakistan the nation’s central bank is responsible for formulating and implementing banking policies regulating monetary systems and ensuring financial stability. Established in 1948 it manages currency interest rates and economic policies. Its role is critical in maintaining Pakistan’s economic framework and addressing challenges like inflation and foreign exchange. Understanding the State Bank of Pakistan’s functions highlights its importance in national economic governance and financial regulation a key topic in economic studies as of August 13 2025."