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🏠 Home › MCQs › Pakistan Current Affairs › Question

What institution in Pakistan is legally empowered to grant a financial entity ‘Scheduled Bank Status’?

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By TheQuizWire

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Published 24 Jan 2026

A. Securities and Exchange Commission of Pakistan (SECP)

B. State Bank of Pakistan (SBP)

C. Ministry of Finance

D. Competition Commission of Pakistan (CCP)

💡 Explanation:

Scheduled Bank Status is officially granted by the State Bank of Pakistan (SBP), which is the central banking institution and financial regulatory authority, under Section 37(2)(a) of the SBP Act, 1956.

📚 Topics: Pakistan Current Affairs

🎯 Exams: CSS GEN NTS PMS

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