DFS News Letter-August-2010

8/8/2019 DFS News Letter-August-2010

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Table of Contents

Development Finance News Letter

August-2010

Development Finance Support Department

State Bank of PakistanSBP BSC HOK


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Table of Contents

Development Finance News Letter-SBP BSC August-2010

Table of Contents

S.No. Contents Page No.

1. Message from the Co-Director-DFSD ii

2. Agriculture Sector 1-7

3. Microfinance Sector 8-9

4. SME Sector 10-12

5. Islamic Banking Sector 13-15

6. Activities relating to internships 16-17

7. Misc-Other Activities 18-19

8. Annexure A-B


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- ii - Message from the Co Director-DFSD

Develo ment Finance News Letter-SBP BSC Au ust-2010

Message from the Co Director-DFSD

With the grace of Allah, the second edition of the Newsletter is in front

of you. This edition primarily covers the various activities undertaken by

the DFSD and its field units in the month of July. Despite the sweltering

heat and monsoons in the latter half of the month, the field units

remained very active and undertook diverse activities.

The monitoring of the ongoing mega initiative of Agriculture Pilot

Project spearheaded the activities of the filed units during July. Despite

rains and weather conditions, the field units made numerous visits to the

focal points and conducted several onsite meetings with the regional staff

of the banks and the revenue department. The most critical aspect of these field visits was the

feedback which the DFSUs conveyed to the Head office and Agriculture Credit Department. I amoptimistic that the competent authorities will incorporate the feedback in the design and

implementation of similar initiatives in the future. I personally believe that the real and the most

important work of the DFSUs is to act as an implementation arm of SBP and to give periodic

feedback based on observations made at the grass root level on its policies.

The month of July also witnessed enhancement of the scope of the DFSD through inclusion of Islamic

banking. Islamic banking despite making tremendous progress in the past 7-8 years is still in nascent

stage in Pakistan. It was felt that the faith based banking has a lot of developmental appeal also and if

promoted properly would increase financial inclusion. Realizing this potential, the DFSD and Islamic

Banking Department (IBD) which is now headed by Mr. Saleem Ullah the ex Director of DFSD, have

decided to collaborate. All the DFSUs have been instructed to focus on the promotion of Islamic

banking as well. In this regard, the DFSUs have formulated the focus groups consisting of variedstakeholders such as bankers, academia, Islamic Organization etc. I am optimistic that the field units

will be able to replicate the similar level of effectiveness in promoting Islamic banking as in other

sectors.

One of the highlights of the month was the participation of DFSU Peshawar in the Aman (Peace)

Mela Swat. In our opinion it is a very big symbolic gesture which signifies that things are returning to

normal in the previously war torn area.

DFSD believes that financial inclusion would also entail gender balanced approach. In this regard,

DFSU Lahore conducted two workshops which aimed to increase financial literacy in the female

SME entrepreneurs.

DFSUs have also facilitated the ongoing internship program and various projects have been allocated

to the interns attached to the respective units.

Considerable efforts were also made by the DFSUs for linkage formation as well as capacity

enhancement. In this regard, all the DFSUs conducted several visits to key stakeholders and also

participated in fairs and seminars.

I am happy to note that Chief Managers of all the offices are now actively involved in the activities of

the DFSUs. This is indeed commendable as their support is perhaps the most important element in

improving the efficacy of the efforts of the field units.

Dr. Muhammad Saleem

Co Director, DFSD


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- 1 - Agriculture Sector


Agriculture Sector

Monitoring of Pilot Project Phase-III Agriculture credit targets in

underserved districts for Kharif-2010 Crops

During the month under review all the concerned DFSUs actively indulged in monitoring the third

phase of the APP. In this regard they made several surprise visits to the focal points in order to assess

whether One Window Operations (OWO) were running smoothly and that banks were actively

participating. DFSUs also held regular meetings with the banks about their actual performance against

the targets. In all 30 such visits and meetings took place during July. The following table gives a

snapshot of these meetings

Monitoring of Pilot Project Phase-III Agriculture credit targets

DFSU ActivityBahawalpur DFSU Bahawalpur visited Bahawalpur Tehsil Office on 12 th July, 2010 and

Tehsil office of Yazman and Ahmed Pur East Tehsils on 26th

July, 2010 to

monitor / check the functioning of One Window Operation (OWO) Pilot

Project Phase-III.

Faisalabad The DFSU-Faisalabad in collaboration with the participating banks,revenue, agri-extension & postal departments arranged inaugural

ceremonies of the OWO under PP-III in all the 5 pilot districts: Jhang, Toba

Tek Singh, Faisalabad, Sargodha & Khushab in Faisalabad region during

July, 2010.The two members team of DFSU-Faisalabad chaired a meeting of theparticipating banks of PP-III on July 09, 2010 and finalized the pre-

arrangements for the OWO in pilot district Faisalabad.Mr. Sajjad Ali Shah, Chief Manager, SBPBSC-Faisalabad inaugurated the

OWO under PP-III in two pilot districts Jhang and Toba Tek Singh on 12th

July, 2010 and in Sargodha and Khushab districts on 19th July & 26th July,

2010.Gujranwala DFSU Gujranwala held meetings (formal/informal) with the Regional

Heads of the concerned banks and exclusive visits were paid to the focal

points established by the banks in the region for OWO-Pilot Project Phase-

III. The visits were aimed at to boost up the pace of Agri. financing project

and to monitor the working and sharing issues with the stakeholders.Hyderabad The Chief Manager visited Shaheed Benazirabad (Nawab Shah) on 20th

July, 2010 for a meeting on PPP-III. Regional Chiefs and Managers of

various banks such as NBP, HBL, MCB, UBL, ABL, ZTBL, Bank Al-

Habib, KASB Bank, Askari Bank, BAF, Meezan Bank, JS Bank,

Khushhali Bank, First Microfinance Bank, Tameer Microfinance Bank

were present in the meeting. The meeting was also attended by Chamber of

Commerce. The audience was informed about OWO under PPP-III in eight

districts of this region. The CM briefed about ACD policies and also about

Crop Loan Insurance Scheme. He appreciated the NBP step regarding

withdrawal of ICIL credit report for Agri Loans. Incharge Development

Finance Support Unit, SBP BSC (Bank), Hyderabad also made a

presentation which highlighted the policies of ACD.

Lahore The officials of DFSU-Lhr paid on site visits to Sheikhupura and Kasur on


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19th July and 26th July, 2010 respectively. During the visit, all the focal

points in the vicinity of the Sheikhupura and Kasur districts were visited by

the DFSU-Head and DFO. Further, the banks marketing strategy/publicity

campaign on the project was also discussed in detail. The visiting team also

held meetings with the participating banks of the Pilot Project Phase IIIand focal person from Revenue department to discuss the progress of the

project. The feedback of the farmers was also obtained during the visit.

The key feature of the visits was the feedback obtained from the bankers

about the agriculture credit disbursement.Multan For monitoring the PPP-III the DFSU team conducted surprise visits of

nine (9) focal points of 4 districts. Ali Pur, Jatoi and Muzaffargarh were

visited on 12th July, 2010. After that the next visit was of Rajanpur, Jampur

and D.G.Khan on 19th July, 2010. On 26th July, 2010 the team visited

Chubara, Layyah and Karor Lal Essan.

Peshawar For monitoring PPP-III, DFSU Peshawar held a meeting at DRO Swabi,Mardan, charsadda on 07th July, 8th July and 9th July, 2010 respectively.

During the meetings the progress was discussed. Bankers made complain.

Quetta On 23-07-2010 the all Regional Chiefs of commercial banks were advisedto take serious steps to achieve PPP-III targets by time.

Rawalpindi DFSU Rawalpindi held review meetings with participating banks in

connection with monitoring the performance of PPP-III from 5-8th July,

2010 at Rawalpindi, Islamabad and Abbottabad. After that further review

meetings were held on 14th July, 28th July and 20th July at Rawalpindi,

Mianwali and Attock respectively.Sialkot DFSU Sialkot held a meeting with Joint Publicity Committee comprising of

Six Bankers on 15th July, 2010. The DFSU team and Deputy Chief

Manager, BSC Sialkot alongwith Regional Head ABL and Agri General

Manager NBP visited focal points at Tehsil Daska and Pasrur on 28th July,

2010 .Sukkur A review meeting for seeking status of implementation of Agriculture credit

Pilot Project Phase-III was arranged on 13th July, 2010 at SBP BSC

(Bank), Sukkur under the Chairmanship of Mr. Sajid Ali Shah, the Chief

Manager SBP BSC (Bank) Sukkur. Mr. Ikram Ullah Qadri JJD, ACD, SBP,

Karachi also attended the meeting. The main agenda of meeting was to

discuss strategies for effectively implementation of the Pilot Project in all

five pilot districts viz. Khairpur, Ghotki, Naushero Feroze, Larkana and

Shikarpur.

As per approved surprise visit plan of focal points, DFSU team paid visits

of various focal points established at taluka level in districts Khairpur andShikarpur on 21st July and 28th July, 2010 respectively to ascertain the

status of One Window Operation under Pilot Project Phase-III


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Monitoring of Pilot Project Phase-III in Pictures

The Chief Manager, Faisalabad Office addressing during OWO inauguration ceremony at Sargodha

The Chief Manager, Faisalabad Office addressing during OWO inauguration ceremony at Jhang

The Chief Manager (Acting) and Incharge DFSU, Sialkot during a visit at OWO-Daska


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The Chief Manager, Hyderabad & Incharge DFSU addressing the audience during visit at Nawab Shah

JJD DFSU, Lahore addressing a meeting with the districts focal persons of commercial banks at UBL, ShahbazKhan Road Branch, Kasur


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Agriculture Field / Onsite Visits Other than Pilot Project

Lahore Office

On site visit to Okara to observe LMM and market site

DFSU Lahore paid an initial visit to Okara for the purpose of preliminary out look of Locally

Manufacturing Machinery Manufacturers and the market site (s).

On site visit to DG-Fields - Agriculture

DFSU Lahore paid the visit to the DG Fields Agriculture on 30th

July, 2010. The objective of this visit

was to foster the linkages with the DG, Fields and to have his feed back regarding potential of Agri

implements especially export potential.Awareness Programs, Capacity Building and Fairs

Muzaffarabad Office

Public Awareness Programme

During the month of July 2010, SBP-BSC (Bank), Muzaffarabad, organized a Training Workshop on

Access of Agri. Financing-Issues & Challenges" on July 23, 2010 which was exclusively attended bythe participants from:

Department of Agriculture- Azad Government of the State of Jammu & Kashmir, Top Bank officials, Representatives of farmers association (Kisan Welfare Association), Representative from AKRSP, an NGO already working in Microfinance and

Agriculture sector,

Senior officials from SBP-BSC (Bank), Muzaffarabad.About 30 participants attended the workshop. Mr. Kamran Akram Bakhshi, Senior Joint Director,

Credit Agricultural Department, State Bank of Pakistan was the guest speaker and resource person of

the aforesaid workshop.


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Group Photo taken at Muzaffarabad Office during One Day Training Workshop on Access of Agri-Financing-

Issues & Challenges on 23rs July, 2010

Sukkur Office

2nd

Dates Exhibition & Seminar Khairpur (Desk)-2010 held On 29-30 July 2010

Sukkur DFSU participated in the two days Dates Exhibition & Seminar Khairpur (DESK)-2010held on Thursday 29

th& Friday 30

thJuly 2010 at Khairpur. The exhibition and Seminar arranged by

District Government Khairpur was formally inaugurated by the honorable Chief Guest, Syed Qaim

Ali Shah, Chief Minister of Sindh on Friday the 30th

July 2010 at about 06.00 pm.

The Exhibition was aimed at promoting the exports of dates of Khairpur district besides, promoting

small house hold/cottage industry. Around 50 stalls displaying various verities of dates produced in

district Khairpur and handicrafts prepared in the region were established. Number of local people as

well as people from adjoining areas visited the Exhibition. Various importers and exporters were also

invited to visit the festival.

A beautiful view of different kinds of dates stalls during the festival at Khairpur

DFSU, SBP BSC (Bank), Sukkur also established a stall wherein brochures containing guidelines of

various schemes launched by ACD, SMEFD, Microfinance Department, PRI and Islamic Banking

were displayed for the information of stakeholders. The Chief Manager, SBP BSC (Bank) Sukkur

along with both Deputy Chief Managers (Admin. & Banking) also visited the exhibition and

interacted with all stall holders.


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On persuasion, seven banks namely NBP, MCB, UBL, HBL, Askari Bank, Khushali Bank and ZTBL

also established their stalls in the exhibition wherein they had displayed their loan products on

agriculture, SMEs and micro finance schemes.

On Sunday the 1st

August, 2010 a concluding ceremony was arranged with Syeda Nafisa Shah, MNA

& Chairperson, NCHD in the chair as Chief Guest. The DFSU officials attended said program and

received a special award of Shield and festival participation certificate.


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- 8 - Microfinance Sector


Microfinance Sector

Awareness Programs, Capacity Building and Fairs

Faisalabad Office

Microfinance Awareness-raising Seminar

DFSU-Faisalabad arranged a Microfinance Awareness-raising Seminar in collaboration with local Micro FinanceBanks & First Women Bank Limited /MFIs/NGOs and

Technical Education & Vocational Training Authority(TEVTA), Tandlianwala on July 27, 2010 at Jinnah Hall,

Tehsil Municipal Administration, Tandlianwala. Mr. Sajjad

Ali Shah , Chief Manager, SBPBSC (Bank), Faisalabad and

Muhammad Muzammil Khan, District Manager, TEVTA,

inaugurated the seminar.

Akhuwat Entrepreneurship Award Ceremony 2009-10

DFSU-Faisalabad also attended Akhuwat Entrepreneurship Award Ceremony-2009-10 arranged byAkhuwat Faisalabad region. Mr. Sajjad Ali Shah, Chief Manager participated as guest of honor in the

ceremony .The purpose of this ceremony was to share the success stories of local entrepreneurs and to

give awards to them against their achievements.

Miscellaneous

DFSU-Faisalabad visited the Social Welfare Society at United Bank, Satyana Bungalow and TMA,

Tandlianwala on July 09, 2010 in order to arrange awareness/ dissemination program about financial

services being provided by the MFBs/MFIs in the area of Microfinance.

Focus Group Meetings

Multan Office

Focus Group Meeting

DFSU-Multan organized regional Micro Finance Focus GroupMeeting on 29th

July, 2010 with the

respective stakeholders. The key points discussed in the meeting were:-

CM Faisalabad Office addressingthe seminar on Microfinance


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- 9 - Microfinance Sector


SBP should make it mandatory for commercial banks to start Micro financing by their ruralarea branches in order to eradicate poverty and unemployment which is increasing rapidly.

Microfinance banks should encourage women entrepreneurs by extending micro credits onsoft terms & conditions and on lower mark-up rates.

Commercial as well as microfinance banks should provide patronage to the craftsmen of theirregion in order to promote crafts which have immense export potential.

MFBs need to increase the size of micro loans up to Rs.50,000/- for individual borrower. SBP in collaboration with regional chambers should arrange display of work done by micro

enterprises at PIA passenger lounge, Daewoo terminal etc to help promote their market

linkages.

Peshawar Office

Focus Group Meeting

DFSU Peshawar arranged a Microfinance Focus Group meeting on 28-07-2010.The meeting was

chaired by CM, SBP-BSC (Bank), Peshawar. The agenda points of the meeting were discussed one by

one and the views of the participants were collected on the issues. The representatives of KB and

NRSP delivered presentations on the role and achievements of their organizations. DFSU Peshawar

briefed the various initiatives taken by SBP for the promotion of Development Finance. During the

meeting a representative of KPKCCI proposed to the chair to transform the helpdesk at KPKCCI into

a mobile helpdesk that facilitates the business community on their door-step.


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- 10- SME Sector


SME Sector

Meetings & Seminar/ Workshops

Faisalabad Office

Meeting to create awareness about SBP initiatives

Mr. Sajjad Ali Shah, Chief Manager, State Bank of Pakistan, SBPBSC (Bank), Faisalabad, chaired the

meeting of Local Commercial Bankers & representatives of Trade Bodies/ Business Associations of

Sargodha at Pearl Hall on July 28, 2010 to apprise the stakeholders about the initiatives taken by SBPfor developing an inclusive financial system in the country and also to listen to their observations,

feedback, concerns particularly relating to banking area. A large number of stakeholders attended the

meeting.

Lahore Office

Two days Training Program for the Capacity Building of Female Entrepreneurs held

on 15-16 July 2010:

The Development Finance Support Unit, SBPBSC-Lahore arranged the 2nd

phase of the trainingprogram for the capacity building of

Women Entrepreneurs on 15-16

July, 2010. The event was arranged

in close coordination of SMEDA and

Punjab Women Chamber of

Commerce & Industry (PWCCI).

The resource persons for the training

program were arranged by SMEDA

whereas the participants were invited

from PWCCI.

The 2nd phase of the training program covered the Accounting side and based on SMEDAs Accounting Package (software) SMAP. The software was installed on the computers at I.T lab and participants were trained by given

demonstrations and provided with opportunity to practice themselves for preparing the various

financial statements and keeping the record of their financial transactions.

Group photo of participants of2nd phase of the training program for

the ca acit buildin of Women Entre reneurs on 15-16 Jul , 2010.


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- 11- SME Sector


Peshawar Office

Swat Aman Mela

DFSU Peshawar went to participate in Swat Aman Mela from 12-18th

July, 2010 but due to some

unavoidable circumstances, the Mela was moved to Kalam district. DFSU Peshawar conducted a

meeting with Banks on 12th

July, 2010 in Mangora to cope with this situation and to decide their

further strategy. It was decided that Banks will move their stalls to Kalam Mela from 15-16th

July,

2010. In this meeting DFSU Peshawar gave a comprehensive presentation regarding SBP Schemes

announced for the Malakand Division in particular and the province of Khyber Pakhtoonkhwa in

general. DFSU Peshawar visited the stall of ZTBL at 14th July, 2010 at Kalam and also visited the

stalls of HBL, UBL, MCB

Presentation on Circular 11

The SBP Team Comprising of Mr.Muhammad Ishfaq Sr.JD SMEFD, CM SBP-BSC, Peshawar and

DFSU Peshawar visited the chamber on the request of the KPCCI to remove the confusion among the

stakeholders especially the bankers regarding the SMEFD Circular No. 11 of 2010 on markup

incentive given by the prime minister in January to revive the economy of the KPK Province. The

visit was paid on 22nd

July, 2010.

Mr.Muhammad Ishfaq Sr.JD SME Finance Department advised the banks that in compliance of SBPCircular No. 11 of 2010 the Banks, DFIs and MFBs shall charge mark-up rate on all business loans

(Corporate, SMEs, Agriculture & Microfinance) outstanding as on 31st

December, 2009 of the

borrowers of KPK, FATA, PATA @ 7.5% p.a. or six month KIBOR-offer side, whichever is lower,

for next two years (i.e. up-to 31-12-2011) except loans extended to Cigarette, Textile, Cement, Sugar

and Beverages Sector. A number of questions were raised by the bankers and the business community

regarding the fiscal relief which were attended to their full satisfaction. The confusions of the

stakeholders present on the occasion were removed on the spot.

Various snaps of the Swat Aman Mela which was also visited by the Chief Minister of Khyber Pakhtunkhwa


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- 12 - SME Sector


Focus Group Meetings

Quetta Office

4th

SME Finance Focus Group (SMEFFG) meeting

The 4th

Half-yearly meeting of SME Finance Focus Group (SMEFFG) was held at SBP BSC (Bank)

Quetta on 29th July, 2010 under the Chairmanship of the Deputy Chief Manager SBP BSC (Bank)

Quetta. The meeting was attended by the participants from various banks, QCCI, NGOs, AHAN,

SMEDA and Directorate of Industries & Commerce Balochistan. A detailed discussion over the

agenda points was made. These points covered the areas like Refinancing Facility for Modernization

of SMEs, Awareness workshops by Financial Institutions, Lack of education among the SMEsFinance borrowers, Coordination with Provincial Government, Sharing the bankers risk in selected

SME borrowers, Improper documentation, their remedies and role of revenue department, Formation

of SME task force to educate potential borrowers of SME, Creating a favorable business environment

for SME in far flung areas of Balochistan by offering special incentives in relaxation in Mark-up rates

and Introduction of small SME applications in local languages in the whole province etc. In addition,

a sub-committee of the group was formed to implement the decisions made in the meetings and

others.


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- 13 - Islamic Banking Sector


Islamic Banking

Promotion of Islamic banking has recently been included in the DFSD mandate of activities. Webelieve that Islamic banking has a lot of potential in Pakistan and can also play a catalyzing role for

increasing financial inclusion. During July all the DFSUs were instructed to form focus groups and

to start playing a proactive role in the promotion of Islamic banking.

Faisalabad Office

Islamic Banking Focus Group (IBFG)

DFSU-Faisalabad collected the necessary particulars of the key Islamic banking stakeholders for thesake of creating Regional Focus Group for Islamic Finance, which will play its role for the promotion

and development of Islamic banking and finance in the region/country. The group has been approved

by the DFSD and it is going to start its activities as per the approved event calendar in due course.

Peshawar Office

Seminar on Islamic Banking Products & Services

HBL with cooperation of DFSU Peshawar arranged a seminar on Islamic Banking at SBP Peshawar

on 16th July, 2010. HBL has launched Islamic Banking in Peshawar with the opening of its branch inPeshawar in April 2010 at Saddar Road,

Peshawar. The seminar was attended by

Branch Managers and DGMs of HBLPeshawar & Mardan regions, guests from

business community included President of

the Khyber Paktoonkhuwa Chamber of

Commerce & Industry, academicians and

DFSU Officers. The Chief Manager SBP

Peshawar also participated in most of the

sessions. Mr. Mohammad Aslam, Head-

Islamic Banking HBL in his welcomeaddress gave an overview of the banksvision for Islamic Banking expansion with

100 branches and nearly 200 Islamic

windows by 2012. Mufti Muhammad

Yahya Asim discussed in detail various aspects of Islamic banking, Riba and how to conduct business

in modern age as per Shariah principles, Mr. Sajjad Majid, discussed in detail various asset products

of Islamic Banking and Mr. Muhammad Atif Hanif discussed liability side of the Islamic Banking and

explained various aspects of deposit based client-bank relationship in Islamic banking and modalities

involved in various liability products including pooling of liabilities and tagging of the assets. The

participants greatly appreciated SBP & HBLs efforts for promoting understanding of IslamicBanking products & services.

Group photo of participants of Seminar on Islamic Bankingheld at Peshawar Office with collaboration of HBL on 16-07-10


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Rawalpindi Office

Islamic Banking Focus Group (IBFG)

DFSU RWP designed the structure, TORs and the name of possible Focus Group Members of Islamic

Banking and Finance In order to make the focus group more representative, a comprehensive list of

members representing government institutions, Chamber of Commerce, Trade Organizations, Islamic

Banks, Islamic Microfinance NGOs, Islamic Universities and Takaful Companies is prepared.

Meeting with HBL for arranging Islamic Banking Awareness Program

DFSURWP held a meeting with Area Manager (North) HBL Islamic Banking in SBP BSC RWPregarding arrangements to plan an awareness program on Islamic Banking and finding other possible

avenues of cooperation between DFSU RWP and Islamic Banking, HBL. HBL Area Manager assuredthat they are willing to cooperate with DFSU RWP in promotion of Islamic Banking though the

following manner;

o Arranging awareness program at Rawalpindi Chamber of Commerce and Industry.o Arranging awareness programs at other places including universities.o Delivering lectures to the interns on Status and Scope of Islamic Banking in Pakistano Participating actively in Islamic Focus Group Meetings to be held in the coming days.

Meeting with International Islamic University and Ripah University

Head DFSU and Director Islamic Banking Department held meeting with International Islamic

University and Ripah University in order to discuss the areas of mutual cooperation. The followingthings were discussed with the management of these universities;

o Briefing about the role & functions of DFSU and Islamic Banking Departmento Involvement of these universities in designing Islamic Banking Productso Offering internship opportunities to the students of these universities from the IBD

platform

o Arranging awareness programs at the premises of these universitiesProduce research on the areas related to Islamic Banking and Finance

Sialkot Office

Awareness Program on Islamic Banking

DFSU Sialkot in collaboration with Al Baraka Islamic

Bank arranged an awareness program on Islamic

Banking at SCCI on 27th

July, 2010. About 80/90

bankers, businessmen, members of SCCI and

representatives of civil society participated in the event.

History of evolution of Islamic Banking was discussed

and information about various Islamic banking products

was disseminated. Mufti Muhammad Iftikhar Beg,

Shariah Advisor, Al Baraka Islamic Bank gave

details of different modes of Islamic financing. He


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tried to clarify difference between profit and Riba which was followed by Question &

Answer session in which Mufti sahib replied all the questions.

Group Photo of the participants of the Seminar held at SCCI on Islamic Banking on 27 th July, 2010

Meeting with Chairman Banking Committee SCCI for constituting Islamic Finance

Focus Group

DFSU Sialkot had a meeting with Mr. Shafiq-ur-Rehman, Chairman Banking Committee SCCI

on 30th

July, 2010 for having his input for constitution of Islamic Finance Focus Group at Sialkot.


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- 16 - Activities- Internship Programs


Activities related to Internship Program:

The month under review also witnessed the commencement of the internship program at SBP andBSC offices. Under this program interns from various colleges have been attached for six weeks in

different SBP BSC offices.

Bahawalpur Office

DFSU Bahawalpur corresponded with the Regional Offices of ZTBL, NBP, and UBL to

accommodate four internees of 6-Week Internship Program for Agriculture Graduates, Summer-2010 for 4-Weeks hands on training. An orientation session regarding functions of BSC and DFSUwas also arranged for these students on 20

thJuly, 2010.

DFSU Bahawalpur also corresponded with Islamia University Bahawalpur to finalize the number of

students for Summer Internship Program-2010, on merit basis from Management Sciences

Department MBA (Banking & Finance) discipline and four students were selected in this regard. This

Internship program has been started from 27th

July, 2010. DFSU Bahawalpur briefed the interns on

the working of DFS Unit and organized orientation/ presentation session regarding working of BSC.

The presentation was delivered by Deputy Chief Manager-DFSU.

Gujranwala Office

DFSU Gujranwala held orientation sessions with the newly inducted interns to brief them on detailed

working mechanism of the SBP BSC. They were also taken to the different units of the office foronsite knowledge of the central banking

procedures.

A renowned academician Mr. Khuram Aziz

Fani delivered a number of lectures (on request

basis) to the interns which were relevant to their

ongoing research activities being carried out at

Gujranwala office. DFSU Gujranwala

arranged a study visits for the interns to the

various manufacturing and marketing sites of

the Plastic Industry of the Region for theirknowledge/guidance and designing of

questionnaire with respect to their proposed study.

Lahore Office

ACD interns Okara

DFSU Lahore is facilitating three internees from different Agriculture Universities/Institutions of the

country for 4 weeks hands on training at Commercial Bank branches dealing in agriculture financing

under Lahore Offices jurisdiction. They have already completed their 2-weeks orientation sessions at

SBP Karachi and as advised they were referred to their interested commercial banks for hands on


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- 17 - Activities- Internship Programs


training for 4 weeks. Accordingly two female internees were engaged with NBP, Okara and one male

internee was referred to Askari Bank Ltd, Lahore from 21st

July, 2010 till 13th

August, 2010.

SBP-BSC Interns

DFSU Lahore gave presentation on the functions and activities of SBP and DFSD/DFSUs to thenewly hired interns under 6-weeks Internship program (July-August 2010) at SBPBSC-Lahore. The

officials of DFSU-Lahore provided an overview on the functions and activities in the three major

areas viz, Agriculture/SME/Microfinance to the interns during their full day orientation with DFSU.

DFSU Lahore intends to conduct a cluster study through interns. The study is on cluster profiling of

Urdu Bazaar Lahore.The initial working on the assignment i.e; development of draft questionnaire is

in process.

Multan Office

DFSU-Multan carried out preparatory work to organize Summer Internship Program 2010 forsix weeks started from July 1, 2010. Unit Incharge DFSU conducted two days orientation sessionabout the historical evolution, functions and organizational structure of SBP, BSC and NIBAF for

internees.

Muzaffarabad Office

A six week internship program was inaugurated on July 15, 2010 for the students of educational

institutions of AJK. Students were made aware of SBP-BSC functions in general and the role of

Development Finance Support Unit in particular.

Rawalpindi Office

DFSU Rawalpindi started 06 weeks internship program w.e.f 19th

July, 2010. The internship program

was inaugurated by Mr. Ateeq uz Zafar, Head Islamic Banking & Finance, Islamic International

University, Islamabad. 17 Interns from 07 renowned universities of the Rawalpindi/Islamabad viz

Bahria University, Quiad e Azam University, International Islamic University, Fatima Jinnah Women

University, Arid Agriculture University, Foundation University & COMSATS are participating in the

Internship program.

The interns were given one week orientation about the role, organizational structure of SBP, SBP

BSC, different divisions/units of the Rawalpindi Office and overall mechanism of monetary policy.Later on, the interns are attached for 10 days period to different divisions/units in order to provide

hands on training. Interns would be given individual projects to interns after completion of divisional

attachment.

Sialkot Office

Six internees from three different universities have been engaged at this office since 26-7-2010 for six

weeks. On their first day, Chief Manager briefed them about the functions of SBP and BSC.

Afterward DCM & Incharge DFSU informed them about working different Units. These days they are

taken to practical exposure of all units.


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- 18 - Misc-Other Activities


Miscellaneous Other Activities

Gujranwala Office

Training Courses on KYC, Financial Literacy and Security Features of New Design

banknotes

DFSU Gujranwala organized a one day course on Know Your Customer & Anti -money Launderingin Gujranwala in collaboration with Institute of Bankers Pakistan (IBP) -Lahore. The course was

overwhelmingly endorsed by the banking sector at large.

DFSU Gujranwala arranged a number of sessions of IBP Lahore & Karachi with the local banking

community forpromoting financial literacy program in the region.

DFSU Gujranwala arranged a comprehensive briefing session on Security Features of New DesignBanknotes through in house awareness program for all employees of the office.

Lahore Office

Training on Stress Management

DFSU-Lhr attended a 2-days in-house training program arranged by T&DD through NIBAF on Time

& Stress Management for the capacity building of SBPBSC Officials from July 15-16, 2010.

Rawalpindi Office

Restructuring of Library

DFSU Rawalpindi is restructuring a libarary and as part of this ongoing restructuring process they

have subscribed following three new periodicals/news paper for library. These periodicals will notonly help the staff members in bridging information gap but would also build their capacity.

o The Economisto Pakistan & Gulf Economist.o Business recorder

Training at NIBAF

DFSU Rawalpindi attended 02 days training from July 21-22, 2010 at NIBAF on understating

statement of Affairs.


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- 19 - Misc-Other Activities


Quetta Office

Dialogue for Aligning Courses of Higher Education with the Job Market

On 27th July 2010, A.D DFSU attended a Seminar/workshop Dialogue for Aligning Courses of

Higher Education with the Job Market behalf of the Chief Manager SBP BSC, Quetta. The dialoguewas arranged by the Rural Development Academy (RDA) in close collaboration with HEC,

BUITEMS & Innovative Development Organization (IDO) at Sikandar Jamali Auditorium Civil

Secretariat Quetta. The main purpose of the dialogue was to endorse and bridge the gap of skills

between the employees and employers in Balochistan.


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- A - Annexure


Annexure

List of Acronyms

AARI Ayub Agriculture Research Institute

ABL Allied Bank of Pakistan

ACD Agriculture Credit Department

ACO Agriculture Credit Officer

AD Assistant Director

AFO Agriculture Finance Officer

Agri Agriculture

APP Agriculture Pilot Project

Askari Askari Bank Limited

BOK Bank of Khyber

BOP Bank of Punjab

DCO District Coordination Officer

DDO Deputy District Officer

DFSD Development Finance Support Department

DFSU Development Finance Support Unit

DRO District Revenue Officer

EDO (R) Executive District Officer Revenue

Govt Government

HBL Habib Bank Limited

HEC Higher Education Commission

HOK Head Office Karachi

IBP Institute of Bankers Pakistan

IDO Innovative Development Organization

IDSP Institute for Development Studies and Practices

IHFD Infrastructure & Housing Finance Department

LCCI Lahore Chamber of Commerce & Industry

MCB MCB Bank Limited

MCO Mobile Credit Officer

MFB Microfinance Banks

MFD Micro Finance Department

MFI Microfinance Institutions


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Development Finance News Letter-SBP BSC August-2010

NGO Non Government Organization

NIBAF National Institute of Banking & Finance

NPL Non Performing LoansOWO One Window Operation

PIDE Pakistan Institute of Development Economics

PPCBL Punjab Provincial Cooperative Bank Limited

PPP-III Pilot Project Phase-III

PWCCI Punjab Women Chamber of Commerce & Industry

RDA Rural Development Authority

RO Revenue Officer

SBP State Bank of Pakistan

SBP BSC State Bank of Pakistan Banking Services CorporationSCCI Sialkot Chamber of Commerce & Industry

SME Small and Medium Enterprises

SMEDA Small and Medium Enterprises Development Authority

SMEFD SME Finance Department

UAF University of Agriculture, Faisalabad

UBL United Bank Limited

ZTBL Zarai Taraqiati Bank Limited

DFS News Letter-August-2010

Documents

Transcript of DFS News Letter-August-2010