While banks will not be able to directly benefit from any profits of their non bank companies, the overall group will be strengthened. (iv)  The sponsor shareholding of banking as well as non banking companies will become transparent and help SBP in ensuring that these institutions operate at arm’s length.
The global economic and financial crisis caused hardship around the world and tested central banks in both advanced and emerging market economies. Like their counterparts in the advanced economies, central banks in several key emerging market countries responded to the crisis by sharply lowering policy rates and by undertaking a variety of unconventional policy measures to support their economies.