Quetta: The provincial government has set aside Rs10b for the launching of Balochistan Bank in the current financial year 2017-18. It is expected to run as a commercial bank and also work as a government treasury in the remote areas of the province.
In March, ex State Bank of Pakistan governor Ashraf Mahmood Wathra had sent the proposal to Chief Minister Nawab Sanaullah Zehri for the establishment of Balochistan Bank. Back then, Mr Zehri had said “Establishing Balochistan Bank is my dream.”
Wathra had stated that it was crucial to improve the banking activities in the province as the law and order situation province had improved and various developmental projects were underway under the China-Pakistan Economic Corridor project.
