Transcript a complete presentation - State Bank of Pakistan

Two-Day Users-Producers Workshop
Functions of
STATISTICS DEPARTMENT
State Bank of Pakistan
Mission Statement
"Our mission is to ensure timely
dissemination of high quality statistics for
the monetary and macro-economic
policies leading to the prosperity of
Pakistan"
Components of the Business Process
Operational:
Compilation and dissemination of statistics
according to the specification of annual
Business Plan
Developmental: Projects aimed for innovation and
improvements in methodologies to:
● bring it in line with the international
standards
● cater the growing needs of the stakeholders
● improve the quality, transparency and
timeliness of the statistics compiled
● adopt new developments
Operational Functions
Compilation and dissemination of the following statistics:
(Monthly)
• Balance of payments statistics
• Statistics on import payments and export receipts,
• Workers’ remittances
• Foreign direct & portfolio investment
• Weighted average lending & Deposit rates
• Loans & Deposits classified by borrowers – ISIC
classification
• Pakistan monetary survey
• Institutional distribution of funds
• Statements of stocks and utilization of FCA
Main Functions continued…
(Quarterly)
• Compilation of fixed industrial investment in private sector
• Outstanding stock of external debt & liabilities and debt
servicing
• Sectoral Balance Sheets of non-bank financial institutions
(NBFIs)
(Half Yearly)
• Statistics of scheduled banks – various dimensions
• Statistics of Co-operative banks – various dimensions
• Seasonal adjustment of important data series
Main Functions continued…
(Annual)
• Survey of foreign investment & liabilities/assets
• International Investment Position (IIP)
• Ownership of federal government debt
• Analysis of balance sheets of joint stock companies listed on KSE
(non-financial)
• Estimates of flow of funds accounts
• Equity yield of ordinary shares quoted at KSE
Main Functions continued…
(Daily)
• Position of SCRA
• Index numbers of stock exchange securities traded at KSE
Publications (11 +)
Publication
Frequency
Statistical Bulletin
Monthly
Export Receipts
Monthly
Statistics on Scheduled Banks in Pakistan
Half Yearly
Export Receipts
Annual
Annual Report (Statistical Annexure)
Annual
Pakistan’s Balance of Payments
Annual
Balance Sheet Analysis of Joint Stock Co’s listed at Karachi
Stock Exchange
Annual
Banking Statistics of Pakistan
Annual
Equity Yields on Ordinary Shares
Annual
Foreign Liabilities & Assets and Foreign Investment in Pakistan
Annual
Index Numbers of Stock Exchange Securities
Annual
Handbook of statistics on Pakistan’s economy
5 years
Updating statistics on SBP Website
Regularly
Key Developmental Projects
• Adoption of HS classification of commodities for trade data
• Implementation of 5th Manual for compilation of Balance of
payments
• Coordinated Portfolio Investment Survey
• Review of all publications on the basis of users’ feedback
• Adoption of ISIC for classification of private sector business
• Implementation of SNA 93 for compilation of FFA
• Compilation of IIP
Key Developmental Projects
•
Implementation of MFSM 2000
• Seasonal adjustment of data
• Handbook of statistics on Pakistan economy
• Preparation of Data Revision Policy
• Data Dissemination Policy
• Improve effectiveness of banking and monetary data … in
progress
• Collaboration among data compilers and users
Key Developmental Projects
Collaboration among data compilers and users
Objectives
• To establish interaction among data providers & users
• to create awareness on the methodologies and
availability of statistics
• to identify shortfalls in scope and coverage of available
data
• to identify gaps in availability and needs of users
• to formulate strategies and recommendations for filling
gaps
• implementation of strategies relating to SBP
Key Developmental Projects
Collaboration among data compilers and users
Implementation
• To conduct users-producers workshops
• Steering Committee of Coordinators
• Technical Committees of users and producers
Collaboration among data compilers and users
Responsibilities of Technical committees
• Identification of areas for improvements on the basis of
feedback from the users during presentations
• to examine feasibility and implications of the suggestions
provided by the users
• presentations of the recommendation in the workshop
• to prepare recommendations for review by the Steering
committee
Collaboration among data compilers and users
Composition of Technical committees
External Sector
Real Sector
Mr Zafar ul Hassan, Finance Div (Leader)
Mr Muhammad Afzal, P&D (Leader)
Mr Zafar Iqbal, SD, SBP
Mr Raees ul Hassan, FBS
Mr Naseer Ahmad, SD, SBP
Mr Rana Ishaque Rana, FBS
Mr Khalid Siddique, FBS
Mr Muneer Aslam, FBS
Mr Arshad Mehmood Sahi, EAD
Mr Abdul Azeem Sahaitho, FBS
Mr Mohammad Afaq, EAD
Mr Moin ud Din, RD, FBS
Syed Sajid Ali, RD, SBP
Dr Fazal Hussain, PIDE/CBM
Mr Ghulam Rabbani, AC, SBP
Mr Arif Mahmood Cheema, FBS
Mr Junaid Iqbal, Head Res; CNBC
Malik Muhammad Ashraf, SD, SBP
Collaboration among data compilers and users
Composition of Technical committees
Fiscal Sector
Financial Sector
Mr Najeeb Qadir (Leader), CBR
Dr Azizullah Khattak, SD, SBP (Leader)
Mr Zafar ul Hassan, EAD
Mr Faisal Maqsood, EDMD, SBP
Dr Saeed Ahmad, RD, SBP
Mr Muhammad Arif, EDMD, SBP
Mr Wamiq Rasheed Khan, ED Res: EPB
Mr Haroon Askari, KSE
Mr Mohammad Amin Lodhi, RD, SBP
Ms Moneeza Kalsoom Ahmad, IBP
Collaboration among data compilers and users
Composition of Technical committees
Socio-Demographic
Miscellaneous
Dr Ishaq Ansari, SD, SBP (Leader)
Mr K.K Suri, EPB (Leader)
Mr Mehboob Sultan, NIPS
Mr Ali Rehman SECP
Mr Muhammad Saeed, PCO
Mr Ali Ahmad, SBS
Dr Mian Farood Haq, RD, SBP
Mr Shamim Rafiq PBS
Prof Zahid Mehmood, KU
Mr Aslam Shakir Baloch, BBS
Ms Iqbal Ahmad, NWFPBS
Prof Dr Shafiq ur Rehman
Dr S.M. Hasnain Bokhari, SD, SBP
Users-Producers Workshop
Final Request
•
Time management
•
Uses’ Feedback
International Investment Position (IIP)
IIP shows stock of an economy’s external asset and
liabilities at a particular point of time
Assets
Liabilities
Direct investment
Portfolio investment
Direct investment
– Equity securities
– Debt securities
Other investment
– Trade credits
– Loans
Reserve Assets
Portfolio investment
Other Investment
Seasonal adjustment of Data
Most of banking and economic data follow seasonal
patterns and unadjusted data is usually misleading
Data series of advances, deposits, imports, exports,
workers’ remittances, borrowing from SBP, currency in
circulation, M1 and M2
The analysis is carried out regularly according to the
frequency of the data series
Index numbers of stock exchange securities
Objective
To measure changes in the prices of shares traded at KSE for the 641 Cos listed at KSE.
Coverage
The index of share prices cover ordinary shares of all companies traded at KSE on a
particular day
Scope
Overall and economic group wise general index, sensitive index and market capitalization
on daily basis
Balance sheet analysis of joint stock companies
listed at KSE
Objective
To evaluate the performance of non-financial Cos /sectors listed at KSE through
various indicators developed from the data provided in Cos’ published annual
reports
Coverage
The analysis is based on the published annual reports of non financial sector companies listed at KSE
Scope
The performance indicators include:
• Current ratio
• Debt equity ratio
• Cash flow ratio
• Indicators of growth
• Indicators of financial flows
Equity yields on ordinary shares
Objective
The term yields indicates return per hundred rupees of capital cost of
investment. The objective of the study is to evaluate the performance of
different investments in ordinary shares.
Coverage
All listed companies
Scope
Overall, economic group-wise indicators such as
• Dividend yield
• Earning yield
• Index of dividend
• index of earning
Half yearly Statistics on Scheduled Banks
•
Objective
To provide comprehensive and reliable statistics covering major
aspects of banking such as.
– Deposits
• By category of deposit holder
• By type of account
• By rate of return
– Advances
• By borrower
• By collateral
• By rate of margin retained
• By rate of return
– Bills purchased and discounted
– Investment
• By institution
• By securities
– Liability & Asset
Ownership classification of Federal Govt Debt
Sources (2000)
• Scheduled & Cooperative banks
• NBFCs
• Insurance Companies
• Govt sponsored institutions
• Other public institutions
• Local authorities
• staff provident funds
• Joint stock companies
Classification of debt
• Federal Govt securities/bonds
• National prize bonds
• National saving schemes
• Treasury bills