Karachi: The State Bank of Pakistan’s Governor, Mr. Jameel Ahmad, has inaugurated NIBAF Pakistan, an educational fusion between the National Institute of Banking and Finance (NIBAF) and the Institute of Bankers Pakistan (IBP). This merger is set to transform the landscape of banking and financial training in the country by setting higher standards and developing crucial skills within the industry.
According to State Bank of Pakistan, Governor Ahmad emphasized that NIBAF Pakistan will combine the strengths and resources of NIBAF and IBP to deliver comprehensive training programs, certifications, qualifications, and assessment services tailored to the evolving needs of the financial sector. He lauded the efforts of all parties involved in the merger, noting the enhanced efficiency and fresh opportunities that are expected to arise from this initiative.
The Governor outlined his vision for NIBAF Pakistan as a leading institution for learning and development in the banking and finance sectors, focusing on innovation and the adoption of global standards. He also highlighted the merger’s alignment with national objectives of advancing professional development, endorsing best practices, and supporting broader economic development initiatives.
Mr. Ahmad called on banks and financial institutions to engage actively with NIBAF Pakistan and leverage its offerings to induce significant positive changes and fortify the financial sector. The launch event, hosted at the NIBAF Pakistan Karachi Office, saw attendance from notable leaders across the finance and banking sectors, the corporate sphere, development agencies, and academia.