Professional Documents
Culture Documents
PAKISTAN
SBP BSC
The SBP Banking Services Corporation (SBP-BSC) was
established under the SBP Banking Services Corporation
Ordinance 2001 as an operational arm of central bank i.e.,
State Bank of Pakistan (SBP). The Bank is a fully owned
subsidiary of SBP and is mainly responsible to carry out the
major functions of SBP. This department is working all the
subsidiaries branches of State Bank of Pakistan.
CORPORATE STRUCTURE
Members of the Central Board of State Bank of Pakistan.
Managing Director, SBP-BSC.
Currency management
Banker to government
Payment system
Foreign exchange
Operations and adjudications
Export finance disbursement and monitoring
Operational role in monitory management
Internal audit control
Resources
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CURRENCY MANAGEMENT
BANKER TO GOVERNMENT
Act as banker to provincial and central government under the act
of 1956.
NBP work as a agent of SBP BSC.
Collection of income tax, sales tax, central excise duty, customs
duty etc on behalf of the government.
Operational work related to public debt such as Pakistan
investment bonds , fedral investment bonds, treasury bills.
sale, encashment and profit payment of various instruments of
national savings schemes launched by the Central Directorate of
National Savings are also carried out by the offices of SBP-BSC
PAYMENT SYSTEM
promoting an efficient payment and settlement systems in
the country .
Pakistan Real Time Inter-bank Settlement Mechanism
(PRISM) for large value low volume inter-bank fund
transfers and settlements
NIFT collects the financial instruments and after processing,
provides every banks position for clearing and settlement to
BSC .
OPERATIONAL ROLE IN
MONETORY MANAGEMENT
Current Accounts and Other Deposit Accounts of
commercial banks are managed by SBP-BSC to maintain
their Cash Reserve Ratio (CRR) and Statutory Liquidity
Requirement (SLR).
For the monitory development purposes, SBP BSC also
check CRR and SLR on daily basis of all commercial banks.
Support to main office in auction of treasury bills, Pakistan
investment bonds etc.
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HUMAN RESOURCES
cognizant of the importance of its human capital
continued with its efforts for enhancing the internal capacity
through trainings
employee development programs administered by NIBAF
rationalization the human resources by providing honorable
exit opportunities in the shape of Voluntary Separation
Schemes
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REVIEW
Subsidiary department
Management functions
Policies Implementation
Control on internal and external
Relationship between SBP and
stakeholder
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