PK Banking Sector Development Policy Credit

Abstract*

The Banking Sector Development Policy Credit/Loan Project seeks to support the Government of Pakistan towards improving sector governance, through the privatization of the United Bank of Pakistan (UBL), the Habib Bank Ltd. (HBL), and resolution of the Allied Bank of Pakistan (ABL), further strengthening the regulatory and supervisory environment for banking, improving transparency and disclosure, and preventing the possible use of the banking system... Show More

Development Objective

Banking Sector Development Policy Credit & Loan (BSDPCL) supported completion of first generation reforms initiated by the Government of Pakistan in 1997. The Credit/ Loan helped finance fiscal costs incurred by the Government towards UBL, HBL, and ABL prior to privatization. Specifically program objectives included: 1. Improving sector governance through privatization; 2. Developing effective regulatory and supervisory capacity at SBP; 3. Promoting trasparency and disclosure; and 4. Preventing the possible use of the banking system for money laundering, financing for terrorism, and transfer of illegal/ illgotten money.

Key Details

Project Details

Project ID
P083079
Status
Closed
Team Leader
Kiatchai Sophastienphong
Borrower 2
N/A

Country
Pakistan
Disclosure Date
January 13, 2005
Approval Date
(as of board presentation)
January 13, 2005
Effective Date
January 18, 2005

Total Project Cost 1
US$ 650.00 million
Implementing Agency
State Bank of Pakistan
Region
Middle East, North Africa, Afghanistan, and Pakistan
Fiscal Year 3
2005

Commitment Amount
US$ 300.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
July 31, 2005

Last Stage Reached
BANK APPROVED
Last Update Date
January 15, 2013

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Finance

FY17 - Financial Stability18%
- FY17 - Financial Sector Integrity9%
- FY17 - Financial Sector oversight and policy/banking regulation & restructuring9%

FY17 - Private Sector Development

FY17 - Business Enabling Environment50%
- FY17 - Investment and Business Climate17%
- FY17 - Regulation and Competition Policy33%

FY17 - Public Sector Management

FY17 - Public Administration33%
- FY17 - State-owned Enterprise Reform and Privatization33%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	100.00
International Bank for Reconstruction and Development	200.00
Borrower/Recipient	350.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	200.00
IDA Commitment	100.00
IBRD + IDA Commitment	300.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	650.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Mar 15, 2016	IBRD-72700	Int Charges	598,923.56
Mar 15, 2016	IBRD-72700	Loan Repay	8,340,000.00
Sep 15, 2015	IDA-40310	Loan Repay	1,091,229.10
Sep 15, 2015	IDA-40310	Int Charges	327,450.84
Sep 15, 2015	IDA-40310	Int Charges	327,450.84
Sep 15, 2015	IBRD-72700	Int Charges	525,907.75
Sep 15, 2015	IBRD-72700	Loan Repay	8,340,000.00
Sep 15, 2015	IDA-40310	Loan Repay	60,091.50
Mar 15, 2017	IBRD-72700	Int Charges	1,005,153.30
Mar 15, 2017	IBRD-72700	Loan Repay	8,340,000.00
Mar 15, 2017	IDA-40310	Int Charges	6,526.42
Mar 15, 2017	IDA-40310	Int Charges	6,526.42
Mar 15, 2017	IDA-40310	Loan Repay	1,101,611.00
Mar 15, 2017	IDA-40310	Int Charges	313,959.10
Mar 15, 2017	IDA-40310	Int Charges	313,959.10
Sep 15, 2016	IBRD-72700	Int Charges	839,649.25
Sep 15, 2016	IDA-40310	Int Charges	10,900.08
Sep 15, 2016	IDA-40310	Int Charges	10,900.08
Sep 15, 2018	IDA-40310	Int Charges	20,952.17
Sep 15, 2018	IDA-40310	Int Charges	20,952.17
Sep 15, 2018	IDA-40310	Loan Repay	1,144,953.90
Sep 15, 2018	IDA-40310	Int Charges	312,682.30
Sep 15, 2018	IDA-40310	Int Charges	312,682.30
Mar 15, 2018	IDA-40310	Int Charges	35,589.58
Mar 15, 2018	IDA-40310	Int Charges	35,589.58
Mar 15, 2018	IDA-40310	Loan Repay	1,186,248.00
Mar 15, 2018	IDA-40310	Int Charges	307,475.97
Mar 15, 2018	IDA-40310	Int Charges	307,475.97
Sep 15, 2017	IBRD-72700	Int Charges	15,464.13
Mar 15, 2018	IBRD-72700	Int Charges	1,002,468.50
Mar 15, 2018	IBRD-72700	Loan Repay	8,340,000.00
Sep 15, 2017	IDA-40310	Loan Repay	1,160,446.20
Sep 15, 2017	IDA-40310	Int Charges	291,996.88
Sep 15, 2017	IDA-40310	Int Charges	291,996.88
Sep 15, 2017	IBRD-72700	Int Charges	25,280.28
Sep 15, 2017	IDA-40310	Loan Repay	1,738.64
Sep 15, 2017	IBRD-72700	Int Charges	1,032,073.75
Sep 15, 2017	IBRD-72700	Loan Repay	8,340,000.00
Sep 15, 2019	IDA-40310	Loan Repay	1,117,780.00
Sep 15, 2019	IDA-40310	Int Charges	298,426.30
Sep 15, 2019	IDA-40310	Int Charges	298,426.30
Sep 15, 2019	IBRD-72700	Int Charges	1,371,461.40
Sep 15, 2019	IBRD-72700	Loan Repay	8,340,000.00
Mar 15, 2019	IDA-40310	Loan Repay	1,136,513.90
Mar 15, 2019	IDA-40310	Int Charges	306,858.75
Mar 15, 2019	IDA-40310	Int Charges	306,858.75
Mar 15, 2019	IDA-40310	Int Charges	743.28
Mar 15, 2019	IDA-40310	Int Charges	743.28
Mar 15, 2019	IBRD-72700	Int Charges	1,416,699.10
Mar 15, 2019	IBRD-72700	Loan Repay	8,340,000.00
Sep 15, 2018	IBRD-72700	Int Charges	1,410,988.60
Sep 15, 2018	IBRD-72700	Loan Repay	8,340,000.00
Mar 15, 2021	IDA-40310	Loan Repay	1,165,996.80
Sep 15, 2020	IBRD-72700	Int Charges	378,994.00
Sep 15, 2020	IBRD-72700	Loan Repay	8,340,000.00
Sep 15, 2020	IDA-40310	Loan Repay	1,152,931.80
Sep 15, 2020	IDA-40310	Int Charges	272,220.06
Sep 15, 2020	IDA-40310	Int Charges	272,220.06
Sep 15, 2020	IDA-40310	Loan Repay	3,400.69
Mar 15, 2020	IBRD-72700	Int Charges	967,896.25
Mar 15, 2020	IBRD-72700	Loan Repay	8,340,000.00
Mar 15, 2020	IDA-40310	Loan Repay	11,958.47
Mar 15, 2020	IDA-40310	Int Charges	295,292.30
Mar 15, 2020	IDA-40310	Int Charges	295,292.30
Mar 15, 2020	IDA-40310	Loan Repay	1,112,964.60
Sep 15, 2019	IDA-40310	Loan Repay	3,070.02
Mar 15, 2022	IDA-40310	Int Charges	1,402.82
Mar 15, 2022	IDA-40310	Int Charges	1,402.82
Mar 15, 2022	IDA-40310	Loan Repay	1,125,878.10
Mar 15, 2022	IDA-40310	Int Charges	278,654.80
Mar 15, 2022	IDA-40310	Int Charges	278,654.80
Mar 15, 2022	IBRD-72700	Int Charges	100,314.22
Mar 15, 2022	IBRD-72700	Loan Repay	8,340,000.00
Sep 15, 2021	IDA-40310	Int Charges	290,997.80
Sep 15, 2021	IDA-40310	Int Charges	290,997.80
Sep 15, 2021	IDA-40310	Loan Repay	12,437.80
Sep 15, 2021	IBRD-72700	Int Charges	130,930.32
Sep 15, 2021	IBRD-72700	Loan Repay	8,340,000.00
Sep 15, 2021	IDA-40310	Loan Repay	1,151,534.80
Mar 15, 2021	IBRD-72700	Int Charges	177,363.90
Mar 15, 2021	IBRD-72700	Loan Repay	8,340,000.00
Mar 15, 2021	IDA-40310	Int Charges	297,329.16
Mar 15, 2021	IDA-40310	Int Charges	297,329.16
Mar 15, 2021	IDA-40310	Int Charges	27,206.44
Mar 15, 2021	IDA-40310	Int Charges	27,206.44
Mar 15, 2023	IDA-40310	Int Charges	260,789.92
Mar 15, 2023	IDA-40310	Loan Repay	1,072,005.60
Mar 15, 2023	IDA-40310	Loan Repay	14,619.04
Sep 15, 2023	IDA-40310	Int Charges	254,300.70
Sep 15, 2023	IDA-40310	Int Charges	254,300.70
Sep 15, 2023	IBRD-72700	Int Charges	673,429.75
Sep 15, 2023	IBRD-72700	Loan Repay	8,340,000.00
Sep 15, 2023	IDA-40310	Loan Repay	1,059,026.60
Mar 15, 2023	IBRD-72700	Int Charges	682,711.90
Mar 15, 2023	IBRD-72700	Loan Repay	8,340,000.00
Mar 15, 2023	IDA-40310	Int Charges	260,789.92
Sep 15, 2022	IBRD-72700	Int Charges	292,995.47
Sep 15, 2022	IBRD-72700	Loan Repay	8,340,000.00
Sep 15, 2022	IDA-40310	Loan Repay	29,121.09
Sep 15, 2022	IDA-40310	Loan Repay	1,027,849.20
Sep 15, 2022	IDA-40310	Int Charges	257,636.55
Sep 15, 2022	IDA-40310	Int Charges	257,636.55
Jan 13, 2005	IDA-40310	Loan Commitment	100,000,000.00
Jan 13, 2005	IBRD-72700	Loan Commitment	200,000,000.00
Mar 15, 2024	IBRD-72700	Loan Repay	8,340,000.00
Mar 15, 2024	IBRD-72700	Int Charges	504,389.40
Mar 15, 2024	IDA-40310	Loan Repay	36,115.30
Mar 15, 2024	IDA-40310	Int Charges	252,708.56
Mar 15, 2024	IDA-40310	Int Charges	252,708.56
Mar 15, 2024	IDA-40310	Loan Repay	1,050,803.20
Sep 15, 2023	IDA-40310	Loan Repay	17,378.61
Mar 15, 2014	IDA-40310	Int Charges	5,037.69
Mar 15, 2014	IDA-40310	Int Charges	375,672.84
Mar 15, 2014	IDA-40310	Int Charges	375,672.84
Sep 15, 2013	IDA-40310	Int Charges	8,307.06
Sep 15, 2013	IDA-40310	Int Charges	8,307.06
Sep 15, 2013	IDA-40310	Int Charges	358,723.84
Sep 15, 2013	IDA-40310	Int Charges	358,723.84
Sep 15, 2013	IBRD-72700	Int Charges	675,920.94
Sep 15, 2013	IBRD-72700	Loan Repay	8,340,000.00
Mar 15, 2015	IBRD-72700	Loan Repay	8,340,000.00
Mar 15, 2015	IDA-40310	Loan Repay	1,107,785.50
Mar 15, 2015	IDA-40310	Loan Repay	11,219.77
Mar 15, 2015	IDA-40310	Int Charges	335,701.60
Mar 15, 2015	IDA-40310	Int Charges	335,701.60
Mar 15, 2015	IBRD-72700	Int Charges	485,940.75
Sep 15, 2014	IBRD-72700	Loan Repay	8,340,000.00
Sep 15, 2014	IDA-40310	Int Charges	3,956.72
Sep 15, 2014	IDA-40310	Int Charges	3,956.72
Sep 15, 2014	IDA-40310	Int Charges	367,248.84
Sep 15, 2014	IDA-40310	Int Charges	367,248.84
Sep 15, 2014	IBRD-72700	Int Charges	518,718.47
Mar 15, 2014	IBRD-72700	Int Charges	580,666.10
Mar 15, 2014	IBRD-72700	Loan Repay	8,340,000.00
Mar 15, 2014	IDA-40310	Int Charges	5,037.69
Sep 15, 2016	IDA-40310	Loan Repay	1,143,003.00
Sep 15, 2016	IDA-40310	Int Charges	323,270.47
Sep 15, 2016	IDA-40310	Int Charges	323,270.47
Sep 15, 2016	IBRD-72700	Loan Repay	8,340,000.00
Mar 15, 2016	IDA-40310	Loan Repay	1,137,640.20
Mar 15, 2016	IDA-40310	Int Charges	321,910.88
Mar 15, 2016	IDA-40310	Int Charges	321,910.88
Mar 15, 2016	IDA-40310	Int Charges	13,465.93
Mar 15, 2016	IDA-40310	Int Charges	13,465.93

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Monitoring and Evaluation	Satisfactory	2005-06-09
Overall Implementation Progress (IP)	Highly Satisfactory	2005-06-09
Progress towards achievement of PDO	Highly Satisfactory	2005-06-09
Program Management	Satisfactory	2005-06-09

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT:
Outcomes
Risk to Development Outcome
Bank Performance
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 03-23-2006	PROJECT PERFORMANCE ASSESSMENT REPORT: 06-29-2012
Outcome Rating	Satisfactory	Moderately Satisfactory
Risk To Development Outcome	Not Rated	Negligible To Low
Bank Performance	Highly Satisfactory	Moderately Satisfactory
Borrower Performance	Highly Satisfactory	Satisfactory
Government Performance	Highly Satisfactory	Highly Satisfactory
Implementing Agency	Highly Satisfactory	Not Rated
Icr Quality	Satisfactory	Not Rated
M&e Quality	Not Rated	Modest

Results Framework