A Memorandum of Understanding on Cooperation between State Bank of Pakistan (SBP) and Polish Financial Supervision Authority (PFSA) was signed in Warsaw on 30 May, 2018. Ambassador of Pakistan to the Republic of Poland Mr. Shafqat Ali Khan signed the MoU on behalf of the State Bank of Pakistan whereas Chairman of the Polish Financial Supervision Authority Mr. Marek Chrzanowski signed the MoU on behalf of the PFSA.
Both SBP and PFSA supervise banks and financial institutions in the respective countries. The MoU will provide an institutional framework for establishing and promoting bilateral cooperation in financial sector between Pakistan and Poland. It will also help the two sides to better understand the developments in the financial markets by sharing information and assessments.
Bilateral relations between Pakistan and Poland are marked by cordiality and the two countries enjoy good cooperation in a number of fields. The two countries have signed a number of Agreement/MoUs for cooperation in various areas. Conclusion of the MoU will further strengthen the institutional and legal mechanisms and will contribute towards further promotion and consolidation of bilateral relations between the two friendly countries.