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

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",.

Also Read:Pakistan, US agree to enhance cooperation in energy sector"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.