KARACHI – The Governor SBP visited the Central Bank of the RussianFederation (CBRF) Headquarters in Moscow, Russia on January 15, 2018. Thisis the first ever visit of an SBP Governor to CBRF.
As an important milestone, the SBP has signed a Memorandum of Understandingon bilateral central banking cooperation with the CBRF.
Mr. Tariq Bajwa, Governor SBP and Ms. Elvira Nabiullina, Governor CBRFsigned the document in a ceremony held at the CBRF Headquarters. The eventwas also attended by the honorable Pakistan s Ambassador to Russia, H.E.Mr. Qazi Muhammad Khalilullah.
SBP s delegate also included Syed Irfan Ali, Executive Director BankingPolicy & Regulations Group and Mr. Muhammad Ali Malik, Executive DirectorFinancial Markets & Reserve Management. The MoU aims at promotingcooperation between the two authorities primarily in disciplines offinancial systems development, payment systems & financial infrastructureand financial institutions supervision.
SBP has been quite active on international cooperation s front; especiallyduring the last two years or so. This is the twentieth (20th) MoU that SBPhas signed so far.