(Late) MR.

ZAHID HUSSAIN (10-06-1948 TO 19-07-1953)

(Late) MR. ABDUL QADIR (20-07-1953 TO 19-07-1960)

(Late) MR. S.A. HASNIE (20-07-1960 TO 19-07-1967)

(Late) MR. MAHBUBUR RASCHID (Late) MR. S.U. DURRANI (Late) MR. GHULAM ISHAQ KHAN (20-07-1967 TO 01-07-1971) (01-07-1971 TO 22-12-1971) (22-12-1971 TO 30-11-1975)

(Late) MR. S. OSMAN ALI (01-12-1975 TO 01-07-1978)

MR. A.G.N. KAZI (15-07-1978 TO 09-07-1986)

(Late) MR. V.A. JAFAREY (10-07-1986 TO 16-08-1988)

MR. I.A. HANFI FIRST TERM (17-08-1988 TO 02-09-1989) SECOND TERM (01-09-1990 TO 30-06-1993)

MR. KASSIM PAREKH (05-09-1989 TO 30-08-1990)

DR. MUHAMMAD YAQUB (25-07-1993 TO 05-11-1999)

DR. ISHRAT HUSAIN (02-12-1999 TO 01-12-2005)

DR. SHAMSHAD AKHTAR (02-01-2006 TO 01-01-2009) Profile

SYED SALIM RAZA (02-01-2009 TO 02-06-2010) Profile

MR. SHAHID HAFIZ KARDAR (09-09-2010 TO 18-07-2011) Profile

Mr. Yaseen Anwar

Governor, State Bank of Pakistan

The President of Pakistan has appointed Mr. Yaseen Anwar as Governor, State Bank of Pakistan for a period of three years with effect from the date he assumes the office, says a notification issued by the Government of Pakistan, Finance Division (Internal Finance Wing), Islamabad on October 19, 2011. He assumed the charge of the office of Governor, State Bank of Pakistan on October 20, 2011. Mr. Anwar is the 17th Governor of SBP since its inception in 1948. Prior to his appointment as SBP Governor, Mr. Yaseen Anwar was appointed Acting Governor of the State Bank of Pakistan on July 18, 2011. In this capacity, he also served SBP from June 3, 2010 until September 8, 2010. Mr. Anwar has served the State Bank as its Deputy Governor since 29th March 2007, and managed all the four clusters of the Central Bank i.e. Banking, Reserve Management, Monetary Policy, and Operations; SBP subsidiaries - Banking Services Corporation (BSC) and the National Institute of Banking & Finance (NIBAF). Mr. Anwar has served on the Boards of SBP, Pakistan Security Printing Corp. (PSPC), Policy Board of SECP, Board of NIBAF and SAARC Payments Council Board. He is a member of Monetary Policy Committee (MPC) of SBP Central Board and has interacted with the IMF under the Standby Arrangement with Pakistan. He has also served as an alternate to the Governor on the Asian Clearing Union (ACU) Board. As a senior global banker, Mr. Anwar brought 33 years of international banking experience to SBP. During this period, he worked at major international financial centers that included New York, London and Paris with JPMorgan Chase, Bank of America and Merrill Lynch. As a result of this international exposure, he developed a deep understanding of corporate business relationships in the U.S., Europe and the Middle East as well as a broad range of hands-on experience in managing rapidly growing business units of renowned global financial institutions with detailed knowledge and oversight of the Regulatory Environment, Capital Markets, Operations, Payments, Export Finance, Investment Management and Credit related matters. As a Non-Executive Director on the Board of United National Bank Ltd. (U.K.) for six years (20002006), he developed strong expertise in the U.K. financial services regulatory framework on corporate governance as well as senior level ties with the U.K. Financial Services Authority and the Federal Reserve Bank of New York. Prior to a stint at Riggs & Co., London as Director Investments, Mr. Anwar was a Vice President at Merrill Lynch & Co. for nine years in New York/London from 1992 to 2001 where he honed his skills in Capital Markets and Alternative Investments. Before Merrill Lynch, he spent 15 years at Bank of America from 1976 to 1991 in various responsible capacities that included Vice President & Section Head for its Global Export Finance Group and the Middle East in New York. As head of

Bank of Americas Export Finance Group, he was the key relationship manager for the World Bank, Asian Development Bank, Export Import Bank, USAID and USDA. He was trained at JPMorgan Chase, New York during 1973-1975 after completing his Bachelor of Science degree in Economics from the Wharton School of Business at the University of Pennsylvania where he received a dual degree of BA in Political Science as well. His early education included attending Aitcheson College (Lahore), Grammar School (Karachi) and Karachi American School. Mr. Anwar was the founder of the Pakistan Bankers Association, U.K. and remained its President from 1997 to 1999. He was also a member of the Arab Bankers Association, U.K. In New York, he had served as an Executive Director on the American Turkish Society, Director on the USPakistan Economic Council, Director on the American Middle East Business Association and Member of the Council on Foreign Relations.

Mr. Muhammad Kamran Shehzad

Deputy Governor (Operations) The Federal Government appointed Mr. Muhammad Kamran Shehzad as Deputy Governor, State Bank of Pakistan for a period of three years with effect from March 12, 2009. Prior to his appointment as SBP Deputy Governor, Mr. Kamran was serving SBP Banking Services Corporation as its Managing Director since February 28, 2007. Mr. Kamran Shehzads distinguished central/commercial banking career spreads over a period of more than 34 years. He joined the State Bank of Pakistan of Pakistan in February, 1997 on deputation from United Bank Limited and later on was absorbed as Joint Director on 22nd October, 1997. He was promoted as Senior Joint Director, Banking Supervision Department, SBP, Karachi on 23rd October, 2001. In the same capacity, Mr. Kamran Shehzad was transferred to Banking Policy Department of the State Bank on 2nd January, 2002. After a short period, he was promoted as Director of the same Department on 30th June, 2002. In June 2006, Mr. Kamran Shehzad was promoted as Executive Director, State Bank of Pakistan. He was appointed as Managing Director, SBP Banking Services Corporation in February 2007. In the capacity of Director, Banking Policy Department, his responsibilities included formulation of policies and regulations for banking sector, supervision of banking sector reforms, restructuring/re-construction/revival & liquidation of banks/DFIs, licensing of banks, privatization of state-owned financial institutions, interaction & coordination with multinational foreign financial institutions/central banks. He also attended matters relating to flow of credit, anti-money laundering, sick units, WTO and Deposit Insurance Scheme. As Executive Director (Banking), State Bank of Pakistan, he supervised and looked after the working of Banking Policy, Banking Supervision, Banking Inspection, Agricultural Credit and Islamic Banking Departments of the State Bank of Pakistan. His duties mainly focused on overall supervision and policy making in the field of banking. As Managing Director, SBP Banking Services Corporation, his responsibilities included overall supervision, management & control of the Corporation, having over four & a half thousand employees. His major areas of operations were currency management, foreign exchange operations, adjudication of sixteen office of SBP-BSC, internal security and development finance etc. During his tenure as Managing Director, SBP-BSC, a complete re-structuring and re-organization of the BSC was undertaken under his direct supervision. Mr. Kamran Shehzads professional experience prior to joining SBP covers a period of over 22 years. He earned a vast experience in banking & finance during his stay at Industrial Development Bank of Pakistan (IDBP) and UBL. He remained attached with UBL from July, 1983 to February, 1997 as Vice President & Head of Credit Department, and Manager, Small Scale Industrial Department. During his association of nearly fourteen years, his major responsibilities were supervision of credit to private sector, coordination with banks/DFIs on project financing/credit and recovery, monitoring of performance of nationalized commercial banks in private industrial investment sector, critical evaluation of feasibility and other reports for the review of management, coordination

with banks/DFIs for preparation of rehabilitation/financial package for sick industrial units etc. He also handled different lines of credits/loans from the World Bank and Asian Development Bank for the development of small, medium and large industries. Mr. Kamran served Pakistan State Oil Company Ltd from May 1976 to July, 1983 as Accounts Manager with core responsibilities of overall supervision of Products, Banking & Accounts sections. He also served IDBP from Sept., 1974 to May, 1976 where his major responsibilities as Financial Analyst were financial management, project analysis and project analysis. Mr. Kamran holds degrees of Master of Business Administration (Finance) and M.A. (Economics) from the Punjab University besides holding Diploma in Banking (DAIBP) from IBP. He has played a vital role in implementation of Financial Sector Reforms and transformation of banking system to a strong dynamic and vibrant banking sector. Mr. Kamran is also the pioneer of establishment of Shariah compliant Islamic Banks and stand alone branches in the country. He has represented SBP in various national and international conferences/forums.

Departments :

Agricultural Credit & Microfinance Department Banking Inspection (On-Site) Department Banking Policy & Regulations Department Banking Surveillance Department Consumer Protection Department DFIs & Exchange Companies Inspection (On-Site) Department Domestic Market & Monetary Management Department Exchange Policy Department Economic Policy Review Department External Relations Department Finance Department Legal Services Department Human Resource Department Information Systems & Technology Department Infrastructure, Housing & SME Finance Department Internal Audit & Compliance Department International Markets & Investments Department Islamic Banking Department Monetary Policy Department Museum & Art Gallery Department Office of the Corporate Secretary Off-site Supervision & Enforcement Department Payment Systems (Operational Aspects) Department Research Department Statistics and Data Warehouse Department Treasury Operations (Back Office) Department

Late Governor Zahid Hussain presenting an address of welcome on the occassion of the opening ceremony of the State Bank of Pakistan on July 1, 1948.

Inaugural Ceremony of The State Bank of Pakistan Because of the pivotal place a central bank occupies in the financial setup of a country, Mr. Zahid Hussain the First Governor of the State Bank of Pakistan had requested the Father of Nation Quaid-i-Azam Muhammad Ali Jinnah to perform its inauguration ceremony. The Quaid-i-Azam interrupted his stay in Zirarat and flew to Karachi against medical advise. Incidentally, this ceremony was also the last public function attended by the Quaid. Quaid-i-Azam performing the opening ceremony of the State Bank of Pakistan.

Quaid-i-Azam delivering his inaugural address on the occasion of the opening ceremony of the State Bank of Pakistan on July 1, 1948.

State Bank of Pakistan has been witness to various historic moments. The State Bank itself was inaugurated by Quaid-i-Azam Muhammad Ali Jinnah on 1st July, 1948.

Quaid-i-Azam's Speech On the occasion of the Opening Ceremony of The State Bank of Pakistan on 1st July, 1948.

"Mr. Governor, Directors of State Bank, Ladies and Gentlemen. The opening of the State Bank of Pakistan symbolises the sovereignty of our State in the financial sphere and I am very glad to be here today to perform the opening ceremony. It was not considered feasible to start a Bank of our own simultaneously with the coming into being of Pakistan in August last year. A good deal of preparatory work must precede the inauguration of an institution responsible for such technical and delicate work as note issue and banking. To allow for this preparation, it was provided, under the Pakistan Monetary System and Reserve Bank Order, 1947, that the Reserve Bank of India should continue to be the currency and banking authority of Pakistan till the 30th September, 1948. Later on it was felt that it would be in the best interests of our State if the Reserve Bank of India were relieved of its functions in Pakistan, as early as possible. The State of transfer of these functions to a Pakistan agency was consequently advanced by three months in agreement with the Government of India and the Reserve Bank. It was at the same time decided to establish a Central Bank of Pakistan in preference to any other agency for managing our currency and banking. This decision left very little time for the small band of trained personnel in this field in Pakistan to complete the preliminaries and they have by their untiring effort and hard work completed their task by the due date which is very creditable to them, and I wish to record a note of our appreciation of their labours. As you have observed, Mr. Governor in undivided India banking was kept a close preserve of nonMuslims and their migration from Western Pakistan has caused a good deal of dislocation in the economic life of our young State. In order that the wheels of commerce and industry should run smoothly, it is imperative that the vacuum caused by the exodus of non-Muslims should be filled without delay. I am glad to note that schemes for training Pakistan nationals in banking are in hand. I will watch their progress with interest and I am confident that the State Bank will receive the co-operation of all concerned including the banks and Universities in pushing them forward. Banking will provide a new and wide field in which the genius of our young men can find full play. I am sure that they will come forward in large numbers to take advantage of the training facilities which are proposed to be provided. While doing so, they will not only be benefiting themselves but also contributing to the well-being of our State. I need hardly dilate on the important role that the State Bank will have to play in regulating the economic life of our country. The monetary policy of the bank will have a direct bearing on our trade and commerce, both inside Pakistan as well as with the outside world and it is only to be desired that your policy should encourage maximum production and a free flow of trade. The monetary policy pursued during the war years contributed, in no small measure, to our present day economic problems. The abnormal rise in the cost of living has hit the poorer sections of society including those with fixed incomes very hard indeed and is responsible to a great extent for the prevailing unrest in the country. The policy of the Pakistan Government is to stabilise prices at a level that would be fair to the producer, as well as the consumer. I hope your efforts will be directed in the same direction in order to tackle this crucial problem with success. I shall watch with keenness the work of your Research Organization in evolving banking practices compatible with Islamic ideas of social and economic life. The economic system of the West has created almost insoluble problems for humanity and to many of us it appears that only a miracle can save it from disaster that is not facing the world. It has failed to do justice between man and man and to eradicate friction from the international field. On the contrary, it was largely responsible for the two world wars in the last half century. The Western world, in spite of its advantages, of mechanization and industrial efficiency is today in a worse mess than ever before in history. The adoption of Western economic theory and practice will not help us in achieving our goal of creating a happy and contended people. We must work our destiny in our own way and present to the world an economic system based on true Islamic concept of equality of manhood and social justice. We will thereby be fulfilling our mission as Muslims and giving to humanity the message of peace which alone can save it and secure the welfare, happiness and prosperity of mankind.

May the Sate Bank of Pakistan prosper and fulfil the high ideals which have been set as its goal. In the end I thank you, Mr. Governor, for the warm welcome given to me by you and your colleagues, and the distinguished guests who have graced this occasion as a mark of their good wishes and the honour your have done me in inviting me to perform this historic opening ceremony of the State Bank which I feel will develop into one of our greatest national institutions and play its part fully throughout the world." Quaid-i-Azam Muhammad Ali Jinnah 1st July, 1948

State Bank of Pakistan Library AN INTRODUCTION TO ITS RESOURCES & SERVICES

IMPORTANT DOWNLOADS

Fresh Arrivals Bulletin Current Contents Bulletin Library Rules Membership Forms o For SBP Active / Retired Employees o For Outsiders

HISTORY SBP Library was established in 1949 at Karachi to cater the information and research needs of SBP Officials. It was originally housed at the old Victorian-Styled State Bank of Pakistan Building (presently Supreme Court Registry Office) situated opposite of Shaheen Complex at the crossing of I.I. Chundrigar Road (formerly Macleod Road) and M.R. Kayani Road. With the inauguration of new State Bank Building at I.I. Chundrigar Road in 1961, Library was shifted to its 5th floor and remained there until 1995 when due to space constraints it had to move to an adjacent building that was originally constructed for Imperial Reserve Bank of India. On 22nd November 2005, Library witnessed its third time shifting to the Bank Annexe renovated for the purpose of establishing a Learning Resource Centre (LRC). The ground and first floors of LRC are presently occupied by the Library. ADMINISTRATIVE STRUCTURE Since its inception, Library remained administratively associated with Research Department. However, as a result of restructuring and business process reengineering in SBP in 2005, it was placed under Corporate Services Department (CSD). A few months later, it became a division of Training & Development Department. Later, on 28th August 2008, Library emerged as a separate entity and placed in Monetary Policy and Research Cluster (MP&R) under the direct supervision of Chief Economic Adviser. Chief Librarian, being the Library Head, takes care of all operational and administrative affairs of the library. A Library Advisory Committee, headed by the Deputy Governor, looks after the policy issues, while all procurements are made with the approval of a five-member Books Selection Committee headed by Chief Economic Adviser (MP&R). Library comprises of the following units: A. Technical Services Unit: deals with the procurement and technical processing (i.e. accessioning, classification, cataloguing, indexing, entering holdings records into Library Information & Management System, bar coding, and labeling, etc.) of monographs, periodicals and Audiovisual materials. B. Reader Services Unit: handles the matters pertaining to membership and lending; provides user instruction and guidance on how to use the library; manages the subscription of electronic resources and ensures their bank-wide access. C. Support Services Unit: formulates yearly business plan; gets track of monthly & quarterly progress on key development initiatives; prepares annual budget and budget variance reports; maintains leave accounts of library officials; manage receipt and dispatch of letters, memos and circulars; maintains payment registers and proper filing of all invoices, approvals and related

documents; acquires stationery, maintains imprest account, and provides administrative support to all other units of library. RESOURCES Over the years, SBP Library has grown into one of the biggest libraries of Pakistan. Its core collections are on the subjects of economics, banking, finance, trade and commerce. However, literature on other auxiliary disciplines such as information technology, statistics, law and management as well as on disciplines of general interest like philosophy, religion, politics, literature, and history, etc. is also adequately maintained. In addition to printed books and periodical collections, library subscribes to a host of digital resources comprising CD-ROMs, DVDROMs, online bibliographic and full-text databases of e-books & e-journals, and various statistical data sources. Below is a summary of present library holdings

Category Monographs / Books Journals & Magazines Foreign Local

No. of Items 79,750 Subscribed Complementary Subscribed Complimentary 131 44 30 33 70 46 497 English 9 4 18 05 92 162 04 6 6 47 9 3 Sindhi Urdu Foreign Audios/videos on CDs/DVDs CDs/DVDs Accompanied with Books CD-ROM databases e-book databases e-journal databases Journals with Print + Online Subscription Statistical databases Others

Central Banks Annual Reports Commercial Banks Companies Local

Newspapers

Electronic Resources Online Resources

A brief description of each category of resources is given as under: A) Printed Monographs / Books: The monographs collection, comprising of over 78,500 volumes of books & reports, is divided into the following sections: 1. Reference Section: Located at the Ground Floor, this section houses various kinds of atlases, dictionaries, directories, encyclopaedias, concordances, yearbooks, statistical handbooks and manuals, etc. Reference books are not lent but can only be consulted within the library. Some renowned reference works available in the library are:

General Encyclopaedias, such as: Encyclopaedia Americana, Encyclopaedia Britannica, Colliers, Encyclopaedia, Everymans Encyclopaedia, New Universal

Encyclopaedia, Oxford Encyclopedia, etc. Subject Encyclopaedias, such as: American Educator, E.J. Brill First Encyclopaedia of Islam, Encyclopaedia of Accounting, Encyclopaedia of Asian History, Encyclopaedia of Chemical Technology, Encyclopaedia of Computer Science and Technology, Encyclopaedia of Economic Development, Encyclopedia of Human Resource Development, Encyclopaedia of Islam, Encyclopaedia of Management for the 21st Century, Encyclopaedia of Philosophy, Encyclopaedia of Religions, Encyclopaedia of Seerah, Encyclopaedia of the Modern Islamic World, Encyclopaedia of World Arts, Encyclopedia of Quran, International Encyclopaedia of Labour Laws & Industrial Relations, International Encyclopaedia of Social Sciences, International Encyclopedia of Statistics, Wileys Encyclopedia of Statistical Sciences, Springers Encyclopedia of Statistics, Macmillans Encyclopedia of Computers, McGraw-Hill Encyclopaedias of Banking, Economics, Management, and Science & Technology, etc Leading language dictionaries such as those of Oxford, Chambers, BBC, Ferozesons, National Language Authority, etc. Subject dictionaries & encyclopedias of economics, banking, accounting, finance, management, commerce, IT, and other subjects published by different publishers. Biographical Sources such as International Who is Who 1950 to 2010, McGrawHill Encyclopedia of World Biography, Dictionary of National Biography, etc Banker Almanac 2008 Guinness Book of World Records (1990 to 2009) World of Learning (1948 to 2010) Europa World Yearbook (1964 to 2010 ) Statesmans Yearbook (1975 to 2010) Time Almanacs 2009 World Almanac and Book of Facts 2009 Muslim World Almanac 2008 Educational Guide of Pakistan (2000 to 2005) Pakistan Almanacs (2000-01 and 2006-2007) Pakistan Yearbook (1971 to 1994-95) Various Atlases published by reputed local and foreign publishers

2. Government Publications Section: Reports issued by various agencies of the federal government, periodically or occasionally, have been organized in a separate section on the Ground Floor, called Government Publications Section. Being the sources containing primary and official data on different socioeconomic aspects of the country, these reports are extensively consulted by the SBP researchers, statisticians and executives as well as the outsiders including bankers, university students, journalists and free lancers visiting the library in connection with their reference & research work. The library has almost complete archive of the following renowned government publications issued by Planning Commission, Ministry Finance, Federal Bureau of Statistics, Ministry of Food, Agriculture & Livestock, Federal Bureau of Revenue, Population Census Organization, Ministry of Industries, etc:

Acts and Ordinances (1948 to 1984) Agricultural Statistics of Pakistan (1951-52 to 2007-08) Annual Development Programme (1961 to 1977) Annual Establishment Enquiry (1973-74 to 1989-90) Annual Plans (1965-66 to 2009-10) Annual Report on Public Sector Industries (1984-85 to 2001-2002) CBR Yearbook (1986-87 to 2006-07) Census of Agriculture, Agricultural Machinery and Livestock (1960, 1972, 1980, 1990, 1994, 2000 & 2004) Census of Establishments (1964, 1967) Census of Manufacturing Industries (1954 to 2005-06) Census of Mining Industries (1969 to 2004-05) Economic Survey (1948 to 2008-09) Enquiry on Labour Welfare (1971 to 1990) Fertilizer Review (1989-90 to 2007-08)

Five Year Plans including their reviews and evaluation reports (1955-60, 196065, 1965-70, 1970-75, 1978-83, 1983-88, 1988-93, 1993-98, and 1998-2003) Government Sponsored Corporations (1966 to 1990) Labour Force Surveys (1970-71 to 2007-08) National Accounts of Pakistan (1969 to 2004-05) Pakistan Basic Facts (1949 to 1985) Pakistan Customs Tariff (1985 to 2004-2005) Pakistan Demographic Survey (1984 to 2005-06) Pakistan Energy Yearbook (1983 to 2008) Pakistan Insurance Yearbook (1948 to 2007-08) Pakistan Rural Credit Survey 1984 Pakistan Statistical Yearbook (1947 to 2009) Population and Housing Census Reports (1951, 1961, 1971, 1981 and 1998) Population Growth Surveys (1968 to 1979) Public Sector Development Plans (1970-71 to 2009-10) Some Socioeconomic Trends (1980 to 1986) Statistics Relating to Share Capital of Joint Stock Companies Registered in Pakistan (1956 to 1990) The Pakistan Code. 19 Volumes (both old and revised editions) The Statutory Rules, Orders made under central Enactment (2 Volumes) Un-repealed Central Acts (11 Volumes)

All government documents are generally treated as reference only. However, Chief Librarian may allow the people form Research & Statistics Departments to borrow the reports for a limited period for discharging their official assignments. 3. SBP Publications Section: A separate section has been developed on the Ground Floor for SBP Publications where all publications issued by State Bank of Pakistan since 1948 are placed. 4. Rare Books Section: This section contains over 900 books which have been declared RARE because of their scarcity and old archival value. The oldest book in the collection is . 5. IMF Publications Section: Placed at the Ground Floor, this section holds publications of International Monetary Fund. Some of the regular publication series are:

Balance of Payments Statistics (1947-2008) Direction of Trade Statistics (1981-2008) Foreign Direct Investment Statistics 2003 Global Financial Stability Report (2002-2009) Government Finance Statistics (1977-2008) International Capital Markets (1986-1998) International Financial Statistics (1979-2008) World Economic Outlook (1980-2010)

6. World Bank Publications Section: The World Bank Publications are also placed at the Ground Floor in a separate section. Some prominent monographic series of the world bank are:

Doing Business (2004-2010) Financial Performance and Soundness Indicators of South Asia(2004-2005) Global Development Finance (1997-2009) Global Economic Prospects (1991-2009) Global Monitoring Report (2005-2009) International Financial Reporting Standards (2005-2006) World Debt Tables (1975-1996) World Development Indicators (1997-2009)

World Development Report (1978-2010)

7. UN Publications Section: The UN Publications section holds research reports of United Nations Agencies and its other organs like UNCTAD, WTO, ESCAP, FAO, World Economic Forum, etc. The most frequently consulted titles in this section are:

Demographic Yearbook 1948 to 2006 Economic and Social Survey of Asia and the Pacific 1976 to 2009 Economic Survey of Europe 1948 to 1994-95 Emerging Stock Markets Facts Book 1991 to 2008 Foreign Trade Statistics of Asia and the Pacific 1971 to 2004 Global Competitiveness Report 1999-2008 Global Information Technology Report 2003 to 2007 Handbook of International Trade and Development Statistics (1976-1999) Human Development Report (1992-2008) International Trade (1953-1993) International Trade Statistics (2003-2009) International Trade Statistics Yearbook (1950-2004) National Accounts Statistics (1957-2006) Small Industry Bulletin for Asia and the Pacific (1977-1993) Statistical Yearbook for Asia and the Pacific (1974-2008) Trade and Development Report (1981-2009) UNCTAD Commodity Yearbook (1990-1995) UNCTAD Handbook of Statistics (2000-2008) Yearbook of the United Nations (1947-1995) World Debt Tables (1975-1996) World Economic and Social Surveys (1936-37 to 2005) World Economic Situation and Prospects (2002-2003) World Investment Report (1991-2008) World Trade Report (2004-2009)

8. ADB Publications Section: As depository library of Asian Development Bank, SBP Library receives all official publications of ADB comprising of books, selected country and economic studies, technical papers, annual reports, statistical publications, documents on loans and technical assistance projects, environmental impact assessments, and public information materials. A separate section for ADB publications has been established at the ground floor of library. Some key statistical publication besides monograph series in ADB holdings are:

Asian Development Outlook (1989-2009) Key Indicators (1991, 2000-2008)

9. PIDE Publications Section: PIDE is the leading research and teaching institute of Pakistan that focuses on theoretical and empirical research in Development Economics in general and on Pakistan-related economic issues in particular. SBP Library maintains a separate section for PIDE publications in which all books, research reports, policy notes, and working papers of PIDE have been displayed. 10. Budgets Section: This section maintains archives of the following budget documents:

Federal Government (1947-48 to 2009-10) Punjab Province (1970-71 to 2009-10) Sindh Province (1970-71 to 2009-10) N.W.F.P. (1970-71 to 2009-10) Baluchistan Province (1970-71 to 2009-10) Azad Jammu & Kashmir (2008-09 to 2009-10) Karachi Metropolitan Corporation (1974-75 to 2001-2002)

11. Gazettes Section: This section maintains archives of the following gazette documents:

Government of India (1938-1965) West Pakistan Gazette (1954-1969) Dacca Gazette (1949-1970) Government of Pakistan (1970 to 2009) Government of Punjab (1950-1998) Government of Sindh (1950-1992) Government of N.W.F.P. (1950-1983) Government of Baluchistan (1971-1983)

12. General Section: Books that do not fall in the above listed sections are placed in the General Section in the following sub-categories:

Arabic Language Collection English / Western Languages Collection Regional Languages Collection Urdu Collection

B) Periodicals: Periodicals are categorized into the following: 1 2 3 4 5 6 Foreign Journals / Magazines Local Journals / Magazines Annual Reports of Central Banks Annual Reports of Commercial Banks Annual Reports of Companies Newspapers (view complete list) (view complete list) (view complete list) (view complete list) (view complete list) (view complete list)

C) Electronic Resources: 1. E-book Databases

Ebrary GetAbstract IMF e-Library McGrawHill Access Science McGrawHill Engineering Digital Library World Bank e-Library

2. E-Journals Databases

ACM Digital Library Blackwell Journals on Wiley Interscience Business Source Corporate EconLit with Full Text JSTOR SpringerLink Taylor and Francis Journals

3. Statistical Databases

Balance of Payments Statistics

Direction of Trade Statistics Government Finance Statistics International Financial Statistics Global Economic Monitor Global Development Finance World Development Indicators Commodity Price Statistics COMRADE

4. CD-ROM Databases

EconLit (1969-2008) Encyclopaedia Britannica (Delux Edition) TradeCan World Development Reports 1978-2006

5. Other E-Resources

BIS International Directory of Central Banks Islamic Finance Information Service SHRM Knowledge Centre

ORGANIZATION OF RESOURCES

Different classification schemes are being used for effective organization of various kinds of literature. The book collections are categorized into Reference, Rare, Government Documents, United Nations, World Bank, IMF, and General Sections for Arabic, Urdu, English and Regional Languages. Within each section the books are classified according to Dewey Decimal Classification Scheme. A separate section is being maintained for periodicals where back volumes of all the journals have been arranged, primarily in alphabetical order (title wise) and then within each title, the issues are arranged in chronological order (date wise). The Budget and Gazette documents have been placed province wise and further arranged in chronological order. Newspapers archives are housed in a separate room and placed title wise in chronological order. Bibliographic records of all library holdings have been computerized using in-housely developed software (LIMS) and are searchable across the Bank on its local intranet through Librarys Online Public Access Catalogue. Library has adopted open shelf system to encourage independent browsing.

SERVICES

Presently, following services are being offered to users by the library: A) Lending, Renewal and Reservation Service: All registered members are entitled to borrow items from the library in accordance with their borrowing privileges set forth in Library Lending Policy. Book(s) loaned to a member can be reserved by other members themselves through library portal on SBP intranet or assistance can be had from librarys circulation desk for the same. Similarly, members can ask for re-issuance of book(s), if not reserved by other members, upon expiry of the loan period. B) Reprographic Service: Within the limitations of copyright legislations, photocopy services are available in the library at very cheap rates. However, library does not provide scanning and

printing services at the moment. C) Current Awareness Service: In order to inform the members about current acquisitions, monthly Fresh Arrivals and Content Alerts are broadcasted through email to all State Bank Employees. The same are posted on library website for non-employees. D) Citation Verification / Searching Assistance / General Reference Services: The staff of Reader Services Unit in particular and other library staff in general can be contacted for assistance in literature search, citation verification or any other type of general reference queries. E) Inter-Library Loan Service: Though no formal inter-library loan agreements exist between the State Bank Library and other libraries of the region, yet every possible effort is made to arrange the needed material from partner libraries like AERC, PIDE, LUMs, etc, on reciprocal basis. MEMBERSHIP Library offers membership to the following: A) SBP Active Employees: Membership applications of all active SBP employees are forwarded to the Library on prescribed forms through Human Resource Department at the time of induction. Employees can borrow as many books as they require, each for a period of 30 days, further extendable if not reserved by other members. [click here to download the membership application form for SBP Active Emplouees] B) SBP Retired Employees: Retired Employees are required to provide surety of an active SBP Employee having at least 10 years service at SBP. They are entitled to borrow 3 books at a time for a period of 30 days further extendable if not reserved by other members. [click here to download the membership application form for Retired Employee] C) Library Friends (Non-Employees): Includes students and faculty members of various business schools, bankers, business professionals, etc. The membership is absolutely free but requires applicants to submit surety of any active SBP employee. Applications for Friends Membership can be submitted to the Library on prescribed forms along with two colored photographs and a copy of CNIC. Friends members are also entitled to borrow 3 books at a time for a of period of 30 days further extendable if not reserved by other members. [click here to download the membership application form for Outsiders]

Statutory Obligations (RMD) STATUTORY CASH RESERVE In terms of Section36(1) SBP Act, 1956, every scheduled bank is required to maintain with State Bank a balance the amount of which shall not at the close of business or any day be less than such percentage of Time & Demand Liabilities in Pakistan as may be determined by State Bank. Presently the requirement is 5% on weekly average basis subject to daily minimum of 4% of Time & Demand Liabilities (reference BPRD Circular No.27 dated 2nd July,1999). STATUTORY LIQUIDITY REQUIREMENT In terms of Section 29(1) of Banking Companies Ordinance, 1962 every banking company shall maintain in Pakistan in cash, gold or un-encumbered approved securities valued at price not exceeding "the lower of cost or the current market price" an amount which shall not at the close of business in any day be less than such percentage of the total of its time & demand liabilities in Pakistan, as may be notified by State Bank from time to time. Presently the requirement is 15% (excluding 5% statutory cash reserve) of the total of its time and demand liabilities in Pakistan (BPRD Circular No.26 dated 2nd July, 1999). MAINTENANCE OF LIQUIDITY AGANINST CERTAIN LIABILITIES In terms of Rule 6 of NBFIs Rules of Business, all NBFIs are required to invest 14% of their liabilities defined in the Rule, in Government Securities, NIT Units, shares of listed companies or listed debt securities in the prescribed manner. For the purpose of this rule, liabilities shall not include NBFIs equity, borrowings from financial institutions including accruals thereon, lease key money, deferred taxation not payable within 12 months, dividend payable within two months, advance lease rentals and deposits from financial institutions. In addition, they are also required to maintain cash balance with State Bank, which shall not be less than 1% of their liabilities as defined above. SUBMISSION OF ANNUAL AUDITED ACCOUNTS BY NBFIs Under Rule 17 of NBFIs Rule of Business, all NBFIs are required to invest to submit their annual audited accounts within a period of 6 months after the close of their accounting year. ANNUAL ACCOUNTS At the expiration of each calendar year every banking company incorporated in Pakistan, in respect of all business transacted by it, and every banking company incorporated outside Pakistan, in respect of all business transited through its branches in Pakistan, shall prepare with reference to that year a balance-sheet and profit and loss account as on the last woking day of the year in the prescribed forms(Section 34 of Banking Companies Ordinance, 1962). SUBMISSION OF RETURNS. The accounts and balance-sheet referred to in section 34 together with the auditors report as passed in the annual General Meeting shall be published in the prescribed manner, and three copies thereof shall be furnished as returns to the State Bank within three months of the close of the period to which they relate (Section 36 of Banking Companies Ordinance, 1962). MINIMUM CAPITAL REQUIREMENTS In terms of Section 13 of Banking Companies Ordinance, 1962 no banking company shall commence business unless it has a minimum paid up capital as may be determined by the State Bank or carry on business unless the aggregate of its capital and unencumbered general reserves

is of such minimum value within such period as may be determined and notified by the State Bank from time to time for banking companies in general or for a banking company in particular. As present, all banks operating in Pakistan are required to maintain capital and unhecumbered general reserve, the value of which is not less than 8% of their risk weighted assets. Additionally they are also required to maintain a minimum paid up capital of Rs.500 million.