Quetta: The Government of Balochistan has officially announced the establishment of the Bank of Balochistan, a move aimed at strengthening the provincial economy, expanding financial services, and creating employment opportunities for the youth.
Chief Minister Mir Sarfraz Bugti chaired a high-level meeting in Quetta, where officials presented the initial feasibility report for the project. The report declared the project practical and achievable. The chief minister directed the finance department to prepare a detailed operational plan within one week to make the initiative functional at the earliest.
Speaking at the meeting, Bugti said the Bank of Balochistan would deliver high-quality banking facilities to the people, traders, and investors across the province. He emphasized that the project would boost economic activity, encourage investment, and support both businesses and individuals in accessing modern financial services.
Bugti assured the public that the province would soon hear good news regarding the project. He added that the establishment of the bank would not only mark a historic milestone in the province’s economy but also accelerate the pace of development projects by mobilizing provincial resources.
The chief minister underlined that the initiative would create new job opportunities for the youth of Balochistan, enabling them to contribute to the province’s financial and economic growth. He highlighted that the project reflects the government’s commitment to improving the financial inclusion of the people.
The meeting also included the participation of Finance Minister Mir Shoaib Nosherwani, Chief Secretary Shakeel Qadir Khan, Principal Secretary Babar Khan, and other senior officials. Experts from the banking sector joined online and expressed support for making the Bank of Balochistan operational as soon as possible.
With this step, the Government of Balochistan aims to set a strong foundation for sustainable economic development and improve financial accessibility for its citizens.
