Internship Opportunities at State Bank of Pakistan 2010

State Bank of Pakistan, the central bank of the country, was established in July 1948 i.e., within one year after Pakistan gained independence. Being the central Bank, it regulates the monetary and credit system of the country to foster its growth in the best national interest with a view to secure monetary stability and fuller utilization of the country’s productive resources. The Bank’s operation also includes preserving the value as well as maintaining stability in the banking system.

In its continued endeavor to promote monetary and financial stability to achieve a sustained and equitable growth the Bank holds vast experience of exercising various monetary controls spread over more than five decades which interalia include transformation from a directed monetary regime to market based monetary management as well as introduction of current account convertibility of the BOP. For more information please see our website: www.sbp.org.pk

Internship Objective
The main objective of offering internship to students from foreign universities is to provide them an opportunity to work with Bank’s Research, Monetary Policy and Economic Analysis Departments to explore economic and financial system policy issues related to Pakistan.

The Project
The interns will be working in the above departments of SBP where they will be required to do empirical work mainly on financial sector, international finance, international trade and exchange rate issues. Initially the plan is to offer internship on topics more relevant to the on-going sustainable development program of Pakistan. While selecting the topics for research, the interns’ own preferences and competencies will be considered

Duration
8 to 10 weeks (Flexible depending on time needed to complete the assignment).

Requirement
Students pursuing PhD, Masters degree or senior students (final year) of Bachelors honors program in the discipline of economics from the prescribed universities (list attached). Further, the students should have advance knowledge of econometrics so as to meet the pre-requisite of doing empirical research work and feel comfortable while interacting with counterparts at SBP

Compensation and Support
State Bank of Pakistan will pay a monthly stipend of Rs 50,000/- together with free accommodation. Interns will also be provided transport form their residence to Bank and back.

Economy class return airfare will be paid by State Bank of Pakistan.

How to Apply
Interested students may apply latest by 15th March 2010 by providing the following details:
1. Application form (Download)
2. Detailed Curriculum Vitae
3. University/college ID card copy
4. 3 passport size photographs
5. Statement of purpose (a clear statement of career goals and aspirations)
6. At least one research proposal including outline of the proposed work, objectives, expected benefits of internship with tentative timelines
7. Transcripts and certificates (Attested copies)
8. Letter(s) of Recommendation from faculty
9. Research publications, if any

The applications should be addressed to:

Muhammad Ali Memon
Deputy Director
Training & Development Department
State Bank of Pakistan
I.I. Chundrigar Road
Karachi-PAKISTAN.
Tel: +92 21 245 3909
Fax: +92 21 921 3093
Email: muhammad.memon@sbp.org.pk

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