functions of statistics department state bank of pakistan

Two-Day Users-Producers Workshop

Functions of

STATISTICS DEPARTMENTState 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


(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


• 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


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



Implementation

• To conduct users-producers workshops

• Steering Committee of Coordinators

• Technical Committees of users and producers


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


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



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



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– 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 sharesObjective

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

• ObjectiveTo 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

functions of statistics department state bank of pakistan

Documents