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State Bank of Pakistan
3.7
based on 5 Reviews
Working at State Bank of Pakistan
Company Summary
Overall Rating
3.7/5
based on 5 reviews
3% below
industry average
Highly rated for
Work Satisfaction, Work-Life Balance, Salary & Benefits
Critically rated for
Promotions/Appraisal
Work Policy
Monday to Friday
80% employees reported
Strict timing
80% employees reported
Within city
50% employees reported
Day shift
100% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
3 employees reported
Office cab/shuttle
1 employee reported
Child care facility
1 employee reported
Office gym
1 employee reported
View all benefits
About State Bank of Pakistan
Founded in--
India Employee Count--
Global Employee Count1k-5k
Headquarters--
Office Locations
--
Websitesbp.org.pk
Primary Industry
Other Industries
--
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State Bank of Pakistan Ratings
based on 5 reviews
Overall Rating
3.7/5
How AmbitionBox ratings work?
5
4
4
0
3
0
2
0
1
1
Category Ratings
4.7
Work Satisfaction
4.5
Work-Life Balance
4.5
Salary & Benefits
4.3
Skill Development
3.7
Company Culture
3.7
Job Security
2.1
Promotions/Appraisal
State Bank of Pakistan is rated 3.7 out of 5 stars on AmbitionBox, based on 5 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
State Bank of Pakistan Reviews
Compare State Bank of Pakistan with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.7/5 based on 5 reviews | 4.2/5 based on 6.9k reviews | 4.2/5 based on 2.3k reviews | 4.0/5 based on 2k reviews |
Highly Rated for | Work Satisfaction Work-Life balance Salary & Benefits | Company culture Work-Life balance Job Security | Work-Life balance Company culture Job Security | Salary & Benefits Skill development |
Critically Rated for | Promotion/Appraisals | Promotion/Appraisals | No critically rated category | Job Security |
Primary Work Policy | - | Hybrid 79% employees reported | Hybrid 66% employees reported | Work from office 57% employees reported |
Rating by Women Employees | - no rating available | 4.1 Good rated by 1.1k women | 4.2 Good rated by 412 women | 4.0 Good rated by 249 women |
Rating by Men Employees | - no rating available | 4.2 Good rated by 5.5k men | 4.2 Good rated by 1.6k men | 4.0 Good rated by 1.6k men |
Job Security | 3.7 Good | 4.0 Good | 3.9 Good | 3.3 Average |
View more
State Bank of Pakistan Salaries
4.5
rated by 5 employees for salariesSurvey Associate
(1 salaries)
Unlock
₹10.8 L/yr - ₹13.8 L/yr
State Bank of Pakistan News
View all
SBP Reserves Decline to $11.7 Billion After Two Consecutive Drops
- The State Bank of Pakistan (SBP) reported a decline of over $143 million in its foreign exchange reserves weekly.
- The decrease is attributed to external debt repayments.
- As of December 27th, 2024, the foreign currency reserves held by the SBP stood at $11.711 billion.
- This reflects a decrease of $143 million from the previous week's recorded reserves of $11.854 billion.
TechJuice | 2 Jan, 2025
Is the 5,000 Rupee Note Being Discontinued Soon?
- Several Members of Parliament and government officials have expressed their opinions that the 5,000 rupee note should be abolished.
- The State Bank of Pakistan has made it clear that there are no plans to phase out the 5,000 rupee note.
- During a meeting, a member of the Senate Standing Committee proposed banning the 5,000 rupee note to tackle tax evasion.
- The Governor of the State Bank had previously addressed this issue and mentioned that similar proposals had been considered before but were rejected.
TechJuice | 27 Dec, 2024
SBP Announces December 25 as a Bank Holiday
- The State Bank of Pakistan (SBP) has declared December 25, 2024, as a bank holiday in observance of Quaid-e-Azam Day and Christmas.
- All financial institutions in the country will be closed on this day, and banking activities will halt.
- The holiday allows workers to have a break, reflects on Pakistan's history, and allows Christians to observe their religious traditions.
- Regular operations will resume on December 26, 2024.
TechJuice | 23 Dec, 2024
Digital Payment Share Reaches 87% of Total Retail Transactions; SBP Report
- The State Bank of Pakistan (SBP) has reported a significant shift toward digital payments in the country.
- According to the SBP's quarterly payment systems review, 87% of retail transactions in the first quarter of FY25 were processed through digital channels.
- The proportion of digital payments increased from 24% in the previous quarter to 27%, while over-the-counter payments accounted for 73%.
- Mobile banking applications and e-commerce transactions showed strong growth, with digital wallets becoming the primary method for online payments.
TechJuice | 21 Dec, 2024
SBP Cuts Key Policy Rate by 200 Basis Points to 13% Amid Positive Economic Indicators
- The State Bank of Pakistan (SBP) has cut its key policy rate by 200 basis points to 13%.
- The reduction is aimed at stimulating economic activity amid positive economic indicators.
- The SBP expressed concerns about core inflation but highlighted positive developments such as balanced current account, increased foreign exchange reserves, and expansion of credit to the private sector.
- The rate cut decision has had a positive impact on the stock market.
TechJuice | 16 Dec, 2024
SBP Introduces Direct Investment Platform for Government Securities
- The State Bank of Pakistan (SBP) has introduced a new platform called InvestPak that enables direct investment in government securities.
- InvestPak is a one-stop portal for participating in government securities auctions, buying and selling securities in the secondary market, and managing portfolios.
- The platform aims to attract more investors, reduce reliance on banks, promote financial inclusion, and enhance liquidity in the government securities market.
- InvestPak offers a secure and convenient way to engage with government-backed financial instruments.
TechJuice | 12 Dec, 2024
MCB Bank Appoints Nauman Chughtai as President and Chief Executive Officer
- MCB Bank Limited has appointed Muhammad Nauman Chughtai as President and Chief Executive Officer.
- The appointment was accepted by the board of directors on December 11, 2024.
- Muhammad Nauman Chughtai will serve as acting president until the State Bank of Pakistan approves his Fit & Proper Test.
- The outgoing President & CEO, Shoaib Mumtaz, has been appreciated for his services and wished luck for his future endeavors.
TechJuice | 11 Dec, 2024
Rs. 1.47 Trillion Surge in Banking Sector in October 2024
- In October 2024, banks in Pakistan experienced a surge of 1.47 trillion rupees in advances.
- This surge was driven by aggressive lending to certain consumers in order to meet the required Advance-to-Deposit ratio and avoid penalties imposed by the banking regulator.
- The State Bank of Pakistan reported that total advances in the sector increased by 11% month-over-month, reaching 13.77 trillion rupees in October 2024.
- However, deposits fell slightly and the banking sector's investment decreased by 5.7% in October, leading to a drop in the investment-to-deposit ratio.
TechJuice | 3 Dec, 2024
State Bank Removes Profit Rate Floors for Certain Deposit Accounts
- The State Bank of Pakistan (SBP) has removed the Minimum Profit Rate requirement for deposits held by financial institutions, public sector organizations, and public limited companies.
- Previously, banks were required to provide a minimum rate of return on deposits, but this requirement has now been eliminated.
- All savings accounts in Pakistani Rupees must now pay a minimum profit rate that is 50 basis points lower than the current SBP Repo Rate (Interest Rate Corridor – Floor).
- Changes to the Minimum Profit Rate will take effect on the first day of the next month when the SBP Repo Rate is changed.
TechJuice | 26 Nov, 2024
Only 26% of Women Entrepreneurs in Pakistan Have Bank Accounts, Says SBP Governor
- Only 26% of women entrepreneurs in Pakistan have bank accounts, according to the governor of the State Bank of Pakistan (SBP).
- During the Women Entrepreneurship Day (WED) event, the SBP governor emphasized the need to empower women in the economy.
- The SBP has provided funding and held awareness sessions to support women entrepreneurs in Pakistan.
- Notable women business owners and financial institutions were honored at the WED event for their efforts in empowering women economically.
TechJuice | 20 Nov, 2024
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