US, SBP celebrate deployment of new core banking network and data centre

Project aims to strengthen Pakistan's financial infrastructure and ensure secure digital banking services nationwide

United States Chargé d'Affaires Natalie Baker on Friday joined State Bank of Pakistan (SBP) Governor Jameel Ahmad and senior executives from Cisco Systems Pakistan at the central bank's head office in Karachi to mark the successful deployment of its new core banking network and software-defined data centre.

"The multimillion-dollar project, awarded to US technology company Cisco, marked a significant step towards modernising Pakistan's critical financial infrastructure," according to a press release.

The project established a secure, agile and resilient software-defined data centre architecture designed to safeguard monetary stability and ensure reliable digital banking services across the country, it added.

Speaking at the deployment ceremony, Baker emphasised the importance of trusted and secure technology in supporting modern financial systems, highlighting the growing commercial ties between the United States and Pakistan.

She described the central bank's infrastructure as "a national asset that underpins economic stability and public confidence", according to the release.

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"The State Bank of Pakistan's choice to partner with American industry demonstrates a commitment to technology quality, security, and long-term reliability," Baker said.

She added that the US valued its longstanding commercial partnership with Pakistan and stood ready to continue connecting Pakistani institutions with "world-class American innovation".

Meanwhile, Ahmad and Cisco Pakistan Country General Manager Kashif Ul-Haque praised the joint engineering effort behind the project, which involved completing a complex implementation and migration while maintaining uninterrupted central banking operations, the release said.

The event underscored the US government's continued commitment to encouraging private-sector collaboration, promoting transparent and secure digital infrastructure, and strengthening bilateral trade and investment ties between the two countries, it added.