SBP governor calls on Jhagra

Governor State Bank of Pakistan, Tariq Bajwa called on KP Governor Engr Iqbal Zafar Jhagra here at Governor House, Peshawar on Monday. He apprised the governor on working of banking system especially the role of the State Bank of Pakistan in promoting economic activities in the province and FATA in particular. On a point regarding future prospects of development of banking system in FATA, the governor was informed that 70 branches of different commercial banks are already working in FATA and efforts are underway to encourage establishment of additional similar branches in the area as well. The governor assured full support in this regard. The governor was also informed on working of Islamic banking system in Pakistan.