Abstract
The issue of risk management in banks got an important place after the financial crises. Severalefforts have been made to improve the risk management and performance of banks includingintroducing the Basel Accords as well as risk management guidelines by central banks.Consequently, the State Bank of Pakistan has issued risk management guidelines to strengthen therisk management system and to avoid unwanted happening. Specialized banks also play animportant role in different sector of economy. As being the part of financial system need is toanalyze the degree of Risk Management Practice in these banks also. So this study will be efforts tocritically evaluate the specialized banks regarding risk management practices in their operations.
Keywords: Risk Management Practices, Specialized banks