DFS News Letter-August-2010

Development Finance News Letter
August-2010
Development Finance Support Department

Stat e Ban k of Pakistan
SBP BSC HOK 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
Table of Contents
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 am
optimistic 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 varied
stakeholders 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
- ii - Message from the Co Director-DFSD

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 Activity
Bahawalpur DFSU Bahawalpur visited Bahawalpur Tehsil Office on 12th 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 member‟s team of DFSU-Faisalabad chaired a meeting of the
participating 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
-1- Agriculture Sector

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 –III
and 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 advised
to 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 and
Shikarpur on 21st July and 28th July, 2010 respectively to ascertain the
status of One Window Operation under Pilot Project Phase-III

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

The Chief Manager, Hyderabad & Incharge DFSU addressing the audience during visit at Nawab Shah
JJD DFSU, Lahore addressing a meeting with the district‟s focal persons of commercial banks at UBL, Shahbaz
Khan Road Branch, Kasur

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 by
the 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.

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)-2010”
held on Thursday 29th & Friday 30th July 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.

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.

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 Finance
Banks & 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.
CM Faisalabad Office addressing
the seminar on Microfinance
Akhuwat Entrepreneurship Award Ceremony 2009-10
DFSU-Faisalabad also attended “Akhuwat Entrepreneurship Award Ceremony-2009-10” arranged by

Akhuwat 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 Group Meeting on 29th July, 2010 with the
respective stakeholders. The key points discussed in the meeting were:-
-8- Microfinance Sector

 SBP should make it mandatory for commercial banks to start Micro financing by their rural
area branches in order to eradicate poverty and unemployment which is increasing rapidly.
 Microfinance banks should encourage women entrepreneurs by extending micro credits on

soft terms & conditions and on lower mark-up rates.
 Commercial as well as microfinance banks should provide patronage to the craftsmen of their
region 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.
-9- Microfinance 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 SBP
for 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 training
program 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.
Group photo of participants of 2nd phase of the training program for
nd
The 2 phase of the training the capacity building of Women Entrepreneurs on 15-16 July, 2010.
program covered the Accounting side and based on SMEDA‟s 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.
- 10- SME Sector

Peshawar Office
Swat Aman Mela
Various snaps of the Swat Aman Mela which was also visited by the Chief Minister of Khyber Pakhtunkhwa
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 SBP
Circular 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.
- 11- 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 SMEs
Finance 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.
- 12 - SME Sector
Islamic Banking
Promotion of Islamic banking has recently been included in the DFSD mandate of activities. We
believe 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 the
sake 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 in
Peshawar in April 2010 at Saddar Road,
Peshawar. The seminar was attended by
Branch Managers and DGM‟s of HBL
Peshawar & 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 welcome
address gave an overview of the bank‟s
vision for Islamic Banking expansion with
100 branches and nearly 200 Islamic Group photo of participants of Seminar on Islamic Banking
held at Peshawar Office with collaboration of HBL on 16-07-10
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 & HBL‟s efforts for promoting understanding of Islamic
Banking products & services.
- 13 - Islamic Banking Sector

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
DFSU –RWP held a meeting with Area Manager (North) HBL Islamic Banking in SBP BSC RWP
regarding 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 assured
that 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 Pakistan
o 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 following
things were discussed with the management of these universities;
o Briefing about the role & functions of DFSU and Islamic Banking Department
o Involvement of these universities in designing Islamic Banking Products
o Offering internship opportunities to the students of these universities from the IBD
platform
o Arranging awareness programs at the premises of these universities
Produce 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

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.

Activities related to Internship Program:
The month under review also witnessed the commencement of the internship program at SBP and
BSC 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 DFSU
was also arranged for these students on 20th July, 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 for
onsite 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 their
knowledge/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 Office‟s 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
- 16 - 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 the
newly 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” for
six weeks started from July 1, 2010. Unit Incharge DFSU conducted two days‟ orientation session
about 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.
- 17 - Activities- Internship Programs

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 Laundering”
in 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 for promoting “financial literacy program” in the region.
DFSU Gujranwala arranged a comprehensive briefing session on “Security Features of New Design
Banknotes” 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 not
only help the staff members in bridging information gap but would also build their capacity.
o The Economist
o 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.
- 18 - 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 dialogue
was 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.
- 19 - Misc-Other Activities
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
-A- Annexure
NGO Non Government Organization

NIBAF National Institute of Banking & Finance
NPL Non Performing Loans
OWO 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 Corporation
SCCI 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
-B- Annexure

DFS News Letter-August-2010

Uploaded by

Document Information

Original Description:

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

DFS News Letter-August-2010

Uploaded by

Copyright:

Available Formats

Development Finance News Letter

Development Finance Support Department

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

Message from the Co Director-DFSD

The monitoring of the ongoing mega initiative of Agriculture Pilot

Dr. Muhammad Saleem

- ii - Message from the Co Director-DFSD

Monitoring of Pilot Project Phase-III Agriculture credit targets in

Monitoring of Pilot Project Phase-III Agriculture credit targets

-1- Agriculture Sector

-2- Agriculture Sector

Monitoring of Pilot Project Phase-III in Pictures

-3- Agriculture Sector

-4- Agriculture Sector

Agriculture Field / Onsite Visits Other than Pilot Project

On site visit to Okara to observe LMM and market site

On site visit to DG-Fields - Agriculture

Awareness Programs, Capacity Building and Fairs

Public Awareness Programme

-5- Agriculture Sector

-6- Agriculture Sector

-7- Agriculture Sector

Awareness Programs, Capacity Building and Fairs

Microfinance Awareness-raising Seminar

Akhuwat Entrepreneurship Award Ceremony 2009-10

DFSU-Faisalabad also attended “Akhuwat Entrepreneurship Award Ceremony-2009-10” arranged by

Focus Group Meetings

Focus Group Meeting

-8- Microfinance Sector

 Microfinance banks should encourage women entrepreneurs by extending micro credits on

Focus Group Meeting

-9- Microfinance Sector

Meetings & Seminar/ Workshops

Meeting to create awareness about SBP initiatives

- 10- SME Sector

Swat Aman Mela

- 11- SME Sector

Focus Group Meetings

4th SME Finance Focus Group (SMEFFG) meeting

Islamic Banking Focus Group (IBFG)

Seminar on Islamic Banking Products & Services

- 13 - Islamic Banking Sector

Islamic Banking Focus Group (IBFG)

Meeting with HBL for arranging Islamic Banking Awareness Program

Meeting with International Islamic University and Ripah University

Awareness Program on Islamic Banking

DFSU Sialkot in collaboration with Al Baraka Islamic

- 14 - Islamic Banking Sector

- 15 - Islamic Banking Sector

Activities related to Internship Program:

A renowned academician Mr. Khuram Aziz

ACD interns – Okara

- 16 - Activities- Internship Programs

- 17 - Activities- Internship Programs

Miscellaneous Other Activities

Training on Stress Management