The Bahrain Monetary Agency (BMA) and the State Bank of Pakistan (SBP) have signed a Memorandum of Understanding (MoU) to strengthen cooperation between the two central banks.
The agreement provides for a more comprehensive exchange between the two institutions on a host of issues, including supervision, technical expertise and training assistance. Some five Pakistani banks currently operate in Bahrain, while one Bahrain-based bank has operations in Pakistan. — (menareport.com)
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