Balochistan government has allocated 1 billion rupees for the establishment of Bank of Balochistan from its own resources, which would provide employment opportunities to many unemployed educated youth.

An official of Balochistan government told APP, the Balochistan government has initiated process to hire consultancy services of a company for setting up a Bank to boost economic activities in the province.

The initiative was aimed at providing monetary incentives to businesses which would eventually spur economic growth and create more employment opportunities in the province.

He added that the facility would be established as a commercial, investment and development bank.

The official said its operations will regulate the commercial and Islamic banking under one wing in the supervision of state bank leading to broaden the base of banking in the region.