Regulatory Alerts2026-04-27 | Circular Letter No. 02 of 2026Assumption of Charge as Director, Banking Supervision Department-1
The State Bank of Pakistan’s Banking Supervision Department-1 issued this circular to appoint Mr. Muhammad Afzal Khattak as Director, effective April 27, 2026. The document formally notifies all banks and exchange companies of the transition while providing the Director’s specimen signature and contact details. Institutions are required to update their records and correspondence channels accordingly.
Circulars/Notifications - BANKING SUPERVISION DEPARTMENT-1
BSD-1 Circular Letter No. 02 of 2026
April 27, 2026
The Presidents / Chief Executives All Banks / Exchange Companies
Dear Sir/Madam,
Assumption of Charge as Director, Banking Supervision Department -1
Mr. Muhammad Afzal Khattak has assumed the charge of Director, Banking Supervision Department-1 (BSD-1), State Bank of Pakistan, Karachi, with effect from April 27, 2026. His specimen signature and contact details are provided below: SPECIMEN SIGNATURE:
Sd/- ______________________________
MUHAMMAD AFZAL KHATTAK
DIRECTOR Banking Supervision Department - 1 7th Floor, State Bank of Pakistan, Karachi Phone: 021-99221132 & 021-32453703 Email: afzaal.khattak@sbp.org.pk
Yours truly,
Sd/-
(Abdul Rahman Arif ) Joint Director