- Speaking at the 10th Pakistan Banking Awards in Karachi, Governor of the State Bank of Pakistan (SBP) Jameel Ahmad called on banks to build future strategies focused on digital transformation, AI, climate finance, and export support.
- He emphasized the integration of digital tools into all banking operations, from mobile commerce and agricultural supply chains to credit scoring and risk governance.
- SBP encouraged the adoption of AI and machine learning to create smarter risk models, utilizing non-traditional data, while developing financial products for small businesses, start-ups, and customers lacking credit history.
- Mr. Ahmad urged banks to incorporate climate factors into credit decisions, establish sustainable development goals, and issue green bonds or sustainability-linked loans to promote green finance.
- He warned that banks relying solely on easy profits from government lending “will be left behind,” while institutions focusing on deposit mobilization and providing credit to SMEs will gain dominance.
- Finally, he called for a reorientation of business models to support exports, helping Pakistani enterprises enhance global competitiveness.
📌 The Governor of the State Bank of Pakistan outlines 4 pillars for Pakistani banks: comprehensive digitalization, application of AI for risk assessment and product personalization, integration of climate factors into credit, and business model restructuring to support exports. He encouraged the adoption of AI and machine learning to create smarter risk models, utilizing non-traditional data, while developing financial products for small businesses, start-ups, and customers lacking credit history.
