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

(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 Main Functions continued…

Publications (11 +) PublicationFrequency Statistical BulletinMonthly Export ReceiptsMonthly Statistics on Scheduled Banks in PakistanHalf Yearly Export ReceiptsAnnual Annual Report (Statistical Annexure)Annual Pakistan’s Balance of PaymentsAnnual Balance Sheet Analysis of Joint Stock Co’s listed at Karachi Stock Exchange Annual Banking Statistics of PakistanAnnual Equity Yields on Ordinary SharesAnnual Foreign Liabilities & Assets and Foreign Investment in PakistanAnnual Index Numbers of Stock Exchange SecuritiesAnnual Handbook of statistics on Pakistan’s economy 5 years Updating statistics on SBP WebsiteRegularly

Key Developmental Projects Adoption of HS classification of commodities for trade data Implementation of 5 th 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, SBPMr Raees ul Hassan, FBS Mr Naseer Ahmad, SD, SBPMr Rana Ishaque Rana, FBS Mr Khalid Siddique, FBSMr Muneer Aslam, FBS Mr Arshad Mehmood Sahi, EADMr Abdul Azeem Sahaitho, FBS Mr Mohammad Afaq, EADMr Moin ud Din, RD, FBS Syed Sajid Ali, RD, SBPDr Fazal Hussain, PIDE/CBM Mr Ghulam Rabbani, AC, SBPMr Arif Mahmood Cheema, FBS Mr Junaid Iqbal, Head Res; CNBCMalik Muhammad Ashraf, SD, SBP

Collaboration among data compilers and users Composition of Technical committees Fiscal Sector Financial Sector Mr Najeeb Qadir (Leader), CBRDr Azizullah Khattak, SD, SBP (Leader) Mr Zafar ul Hassan, EADMr Faisal Maqsood, EDMD, SBP Dr Saeed Ahmad, RD, SBPMr Muhammad Arif, EDMD, SBP Mr Wamiq Rasheed Khan, ED Res: EPBMr 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, NIPSMr Ali Rehman SECP Mr Muhammad Saeed, PCOMr Ali Ahmad, SBS Dr Mian Farood Haq, RD, SBPMr Shamim Rafiq PBS Prof Zahid Mehmood, KUMr 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 AssetsLiabilities Direct investment Portfolio investment – Equity securities – Debt securities Other investment – Trade credits – Loans Reserve Assets Direct investment 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