KARACHI: Geopolitical tensions, persistent inflationary pressures, rapid technological changes, climate-related risks and rising debt burdens were redefining the landscape in which financial institutions operate, State Bank Governor Jameel Ahmad said on Wednesday.
Addressing the Pakistan Banking Summit, he said these developments presented significant challenges but also created new opportunities for innovation and growth in the financial sector.
Against this backdrop, he said the SBP’s policy priorities remained firmly anchored in preserving macroeconomic and financial stability. At the same time, the central bank was working to strengthen the financial sector’s role in supporting resilient, inclusive and sustainable economic growth, he added.
Accordingly, the SBP is pursuing a forward-looking reform agenda, he said.
“Our focus is on accelerating digital transformation, harnessing emerging technologies, including artificial intelligence, promoting customer-centric financial services, expanding financing for priority sectors and integrating climate and sustainable finance into the financial system,” Mr Ahmad said.
