Karachi October 21 2023: According to data released by the State Bank of Pakistan, the number of employees in the Pakistan banking sector has exceeded 200,000 as of the end of June 2023, following an increase of 3,669 in the six-month period.
Of this increase, 3,321 employees are now in permanent positions, bringing the total permanent workforce to 176,286 by June 2023. Additionally, there has been a rise of 348 contractual employees during the same period, resulting in a total of 27,150 contractual employees as of the end of June 2023.
In summary, the overall headcount of employees in the banking sector has grown by 3,669 in the span of six months, reaching a total of 203,436 employees by June 2023.
Pakistan banking sector profitability increased 125 percent to PKR 284.5 billion in H1CY23 despite challenging economic environment, according to State Bank of Pakistan Mid-Year performance review.