KARACHI: The launching ceremony for the country’s third banking awards was held in Karachi on Wednesday organized by the Institute of Bankers Pakistan (IBP).
This will be the third iteration of the Pakistan Banking awards which IBP is partnering with a leading national daily alongside A.F Ferguson & Co.
The awards provide an opportunity to acknowledge the contribution of entities in the country’s banking sector.
Gracing the occasion was State Bank of Pakistan Governor Tariq Bajwa who addressed the ceremony and said the financial sector was critical for the national development of a nation.
He added, the contributions of the entities in the banking sector not only required to be underlined but also be properly recognized.
Mr Bajwa said “I am strongly encouraged by maximum participation from banks and supporting institutions and would like to see more and more entrants in this event every year. These awards will showcase their efforts in promoting and projecting Pakistan as a progressive nation that is advancing towards economic stability and developing into a welfare state.”
SBP governor whilst acknowledging the jury stated that to secure transparency and independence, the honourable jury would preserve the confidentiality and nominations would be made on excellence.
While expressing his appreciation for the jury he said as, in previous years, I am positive that in order to ensure transparency and independence at all levels, the honourable jury would maintain the secrecy and nominations would be made on merit.
“These awards honour and promote the efforts of banks for developing new and innovative products and services while giving them the incentive to enhance their performance for the coming year. They encourage banks to gauge their standing within the industry by setting benchmarks. Most importantly, they inculcate a spirit of healthy competition as the awards are a great source of pride for the winning institutions, he concluded.
IBP Chief Executive Hussain Lawai said the Pakistan Banking Awards 2018 will no doubt once again, serve as a distinguished platform to promote, recognize and acknowledge the contribution of the banking industry towards enhancing Pakistan’s economy.
He also added that this year, one new category for “Best Emerging Bank” has been added while the name of the category “Best Bank for Corporate Finance and Capital Market Development” has been changed to “Best Investment Banking”; while all other award categories remaining the same.
