The study is based upon examining and evaluating the performance of Singapore banking sector and its experience in terms of lesson to be learned for Pakistan banking sector. The major objective of this study is to assess structure conduct and performance of banking sector. In this regard, the theoretical framework was reviewed on historical background, which was further elaborated and synchronized in the shape of objectives as well as hypotheses. The study focused upon assessing Singapore banking structure, conduct and performance, which is further analyzed in (SCP) model known as structure conduct performance paradigm. This paradigm examines the relationship of Structure with Conduct as well as Performance.1 This research is mainly geared to critically analyze the performance of Pakistan banking sector with Singapore banking industry, which has been measured on the basis of six parameters of financial soundness indicators (FSI’s). The soundness of a country’s financial sector can be measured and monitored with the help of these statistical measures of FSI’s. The key indicators of FSI’s are:Capital Adequacy, Asset quality, Profitability, Liquidity of banks, and Sensitivity to market risk. Over 20 international financial crises arose between 1970- 1998. The Asian crises of 1997 are widely perceived as the triggers that prompted reorganization of need for a new financial stability data source. Consequently, the FSI project grew out of the need for better data and tool to monitor financial risk and vulnerabilities of national financial system. These indicators developed by International Monetary Fund (IMF), the World Bank and Bank for International settlement (BIS) to supporting macro-prudential analysis and evaluate the resilience and exposure of financial system. This study as a subjectivity pinpoints the financial soundness indicators of banking sector in Singapore and it also reflects as a mandatory part of research for banking sector of Pakistan.