BANKING MOHTASIB (Ombudsman) PAKISTAN

بینکنگ محتسب پاکستان

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Mr. Sirajuddin Aziz, Banking Mohtasib Pakistan has proceeded on a 15-day Ex-Pakistan Leave on 23rd September, 2024.  More...Annual Report 2023 is available on Website.Download President lauds the role of Banking Mohtasib for providing monetary relief of Rs 1.26 billion to banking customers in 2023 The President of the Islamic Republic of Pakistan, Mr. Asif Ali Zardari has lauded the role of Banking Mohtasib Pakistan (BMP) for processing over 25,000 complaints and providing monetary relief amounting to Rs 1.26 billion to banking customers in 2023. Banking Mohtasib Calls On SBP GovernorThe Banking Mohtasib Pakistan, Mr. Sirajuddin Aziz called on the Governor, State Bank of Pakistan, Mr. Jameel Ahmad on 28th March, 2024. Mr. Sirajuddin Aziz presented the Annual Report of the Banking Mohtasib for the year 2023 to SBP Governor during the meeting, which was also attended by the Senior Advisor, BMP, Mr. Farhat Saeed. Banking Mohtasib Holds 5-Day Hearings at PeshawarThe Banking Mohtasib Pakistan, Mr. Sirajuddin Aziz, held hearings continuously for five days from 12th February – 16th February 2023 at BMP, Regional Office, Peshawar. Mr. Sirajuddin Aziz takes Oath as Banking Mohtasib PakistanThe President of the Islamic Republic of Pakistan, Dr. Arif Alvi administered the Oath of Office of Banking Mohtasib Pakistan to Mr. Sirajuddin Aziz at a simple but impressive ceremony held at Aiwan-e-Sadr, Islamabad (18th July 2023).

Banking Ombudsman (Mohtasib)

Over 25 countries have established the institution of Banking Mohtasib (Ombudsman) or similar schemes are in place and each one has contributed to an improved and more efficient banking system. The schemes have invariably had a very positive influence on the system where banks have become increasingly conscious of their responsibilities as service providers and of the need to satisfy and meet customer demands professionally and efficiently.

With the rapid expansion of products and services particularly in the field of Consumer credit over the past few years there is a proportionate increase in the volume of associated complaints from the general public.

Banking Mohtasib Pakistan


Privatization momentum coupled with the process of liberalization in Pakistan has encouraged banks to rapidly expand products and services during the recent past resulting in a manifold increase in the banking population within the country.


However, the increasing volume of associated complaints received at the State Bank of Pakistan and the Government's strong resolve to provide an independent complaints resolution mechanism which is free, impartial and prompt, has resulted in the appointment of the Banking Mohtasib in 2005.


The Banking Mohtasib is not a regulator of Banking industry. The financial system in Pakistan has undergone major reform and liberalization with the passage of time. Banks have adapted to the new and open environment exceptionally well and have responded by upgrading and transforming service delivery capability and by offering a range of new and innovative products to the market. The Banks competitively increased the number of products for their customers specifically meeting their digital banking requirements and accordingly the complaints volume has also increased.


In this dynamic process, there are bound to be disagreements and differences between banks and consumers and the Mohtasib's role is basically to mediate between the two parties so that an amicable and acceptable solution can be found.


Where resolution is not forthcoming, the issue is analyzed and the concerned bank presented with our findings and recommendations on how best to settle a dispute. In most cases, banks accept the recommendations and the dispute is resolved. However, where the issue is not resolved then an opportunity of Hearing is provided to the parties in terms of Section 82 D of the Banking Companies Ordinance 1962 after which an appropriate formal Order is passed.