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The Board Consist of Members of The Central Board of The State Bank and The Managing Director

IntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroduction

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108 views4 pages

The Board Consist of Members of The Central Board of The State Bank and The Managing Director

IntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroductionIntroduction

Uploaded by

Hassan Absar Qaimkhani
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Introduction Banking Services Corporation (BSC) set up in January 2002, is the subsidiary of the State Bank of Pakistan and

d is entrusted with the task of currency management and operational and administrative oversight of foreign exchange departments, export and other finance, management of Government accounts and operational work related to Government certificates. With the changing environment of banking sector, BSC has undergone significant change. On one hand BSC has had to relinquish certain functions, it performed at the time when both interest and credit and foreign exchange was rigorously regulated. On the other hand, it has to reposition itself to the deregulated environment (while continuing to perform some old functions such as related to Export Finance Scheme) and be equipped to deal with a transformed Central Bank and banking system. The challenges posed by these changing requirements have been phenomenal but BSC has been steadily shifting its goals and objectives to align it with the new demands. Going forward, SBP is now working closely with BSC to develop a strategy for its further transformation to assign a more relevant Mission to it in line with the withdrawal of some of its old functions, consolidate the organization, fully automate its services and introduce a new culture of change management along with better enforcement of the performance management systems. Developing adequate capacity and managerial skills along with better internal controls will be critical to achieve the anticipated transformation. Key Functional & Operational Areas 1. 2. 3. 4. 5. Currency Management Foreign Exchange Operations and Adjudication Export Finance Scheme Payment and Settlement Systems Banking Services to the Government

The Board consist of members of the Central Board of the State Bank and the Managing Director.
The current members of the Board of SBP-BSC:

Chairman: Mr. Ashraf Mahmood Wathra Acting Governor

Dr. Waqar Masood Khan Secretary, Finance Division, Government of Pakistan Appointed on April 16, 2013

Mirza Qamar Beg Appointed on May 27, 2009 Present term ends on May 25, 2015

Mr. Mehmood Mandviwalla Appointed on February 26, 2013 Present term ends on February 25, 2016

Mr. Shahid Ahmed Khan Appointed on February 26, 2013 Present term ends on February 25, 2016

Mr. M. Nawaz Tiwana Appointed on February 26, 2013 Present term ends on February 25, 2016

Mr. Iskander Mohammed Khan Appointed on February 26, 2013 Present term ends on February 25, 2016

Khawaja Iqbal Hassan Appointed on February 26, 2013 Present term ends on February 25, 2016

Mr. Muhammad Hidayatullah Appointed on March 15, 2013 Present term ends on March 14, 2016

Mr. Zafar Masud Appointed on March 16, 2013 Present term ends on March 15, 2016

Mr. Muhammad Haroon Rasheed Acting Managing Director SBP-BSC Appointed on March 25, 2013

Sahar Z. Babar Corporate Secretary

Departments of Banking Services Corporation Accounts Department Currency Management Department Internal Audit Department Development Finance Support Department Engineering Department Foreign Exchange Operations Department Foreign Exchange Adjudication Department Internal Bank Security Department General Services Department Personnel Management Department Training and Development Department Quality Assurance Department(under process)

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