QUETTA —- The Government of Balochistan has approved the establishment of the Bank of Balochistan, a historic initiative designed to boost the provincial economy, create new employment opportunities, and expand access to modern banking services.
The decision was taken during a high-level meeting chaired by Chief Minister Mir Sarfaraz Bugti, where the initial feasibility report for the bank was declared viable. The Chief Minister directed concerned authorities to finalize a comprehensive operational plan within one week.
Speaking at the meeting, Chief Minister Bugti described the initiative as a milestone for Balochistan’s economic future, adding that the bank will play a pivotal role in:
- Providing quality financial services to citizens, traders, and investors.
- Facilitating economic growth and trade activities within the province.
- Supporting development projects by mobilizing provincial resources.
“The people of Balochistan will soon hear good news as this bank becomes a reality,” the Chief Minister said, emphasizing the government’s commitment to strengthening the financial independence of the province.
The meeting was attended by Finance Minister Mir Shoaib Nosherwani, Chief Secretary Shakeel Qadir Khan, Principal Secretary Babar Khan, and other senior officials. Banking experts also joined the session online to share technical insights.
The Bank of Balochistan is expected to become a cornerstone of the province’s economic development, enhancing financial inclusion and strengthening the province’s institutional capacity to manage its resources.
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