• 1.1  Overview
• 1.2  Medium-term Prospects
• 1.3  Executive Summary
  

• 2.1   Overview 
• 2.2   Agriculture    
  • 2.2.1   Major Crops 2.2.2
  • Minor Crops2.2.3   Livestock2.2.4
  • Fishing2.2.5
  • Forestry2.2.6
  • Credit to Agriculture Sector
• 2.3   Industry
  • 2.3.1   Large-scale Manufacturing
  • 2.3.2   Mining & Quarrying
  • 2.3.3   Construction
  • 2.3.4   Electricity and Gas Distribution
  • 2.3.5   Public Sector Industries  
• 2.4   Services
  • 2.4.1   Wholesale and Retail Trade
  • 2.4.2   Transport, Storage and Communication
  • 2.4.3   Finance and Insurance
  • 2.4.4   Public Administration and Defense 
• 2.5    Savings
  • 2.5.1   Public Savings
  • 2.5.2   Private Savings  
• 2.6   Investment
  • 2.6.1   Real Fixed Investment
  • 2.6.2   Foreign Investment

Special Section 2.1     Commercial Energy

Special Section 2.2     Fruits Production, Marketing and Exports

• 3.1  Overview
• 3.2  Supply Side Factors
• 3.3  Imported Commodities
• 3.4  Exchange Rate and Import Prices
• 3.5  Consumer Price Index (CPI)
• 3.6  Income Distribution and Incidence of Inflation  
• 3.7  Wholesale Price Index (WPI)
• 3.8  Sensitive Price Indicator (SPI)
  

• 4.1  Introduction
• 4.2  Fiscal Performance Indicators
  • 4.2.1   Deficit Indicators
  • 4.2.2   Revenue Indicators
  • 4.2.3   Expenditure Indicators
  • 4.2.4   Management Indicators
• 4.3   Fiscal Development at Federal level
  • 4.3.1   CBR Performance
  • 4.3.2   Surcharges
  • 4.3.3   Non-Tax Revenue   
  • 4.3.4   Transfers to Provinces
  • 4.3.5   Federal Expenditures
  • 4.3.6   Financing of Federal Budget
• 4.4   Budget Estimates for FY03
  • 4.4.1  Consolidated Position
  • 4.4.2  Federal Budget for FY03
    

• 5.1  Overview
• 5.2  Credit Plan FY02
• 5.3  Bank Borrowings for Budgetary Support
• 5.4  Commodity Operations
• 5.5  Autonomous Bodies  
• 5.6  Credit to Private Sector
• 5.7  Export Finance
• 5.8  Net Foreign Assets
• 5.9  Components of M2
• 5.10  Money Market  
• 5.10.1  Open Market Operations
• 5.10.2  Discounting of Government Securities by Banks   
• 5.10.3  Treasury Bill Auctions 
• 5.10.4   Pakistan Investment Bonds
  

• 6.1  Overview
• 6.2  Policy Environment
  • 6.2.1  Privatization of State-owned Banks
  • 6.2.2  Strengthening of smaller Banks
  • 6.2.3  Specialized Institutions
  • 6.2.4  Export Financing  
  • 6.2.5  Addressing Non-performing Loans and Risk Aversion
  • 6.2.6  Corporate Governance, Disclosure and Transparency 
  • 6.2.7  Relaxation in Tax Liabilities for the Banking Sector
• 6.3  Developments in banking Industry during FY02
  • 6.3.1  Deposit Mobilization
  • 6.3.2  Total Credit by Scheduled Banks
  • 6.3.3  Non-performing Loans
  • 6.3.4  Banking Spread
• 6.4  Financial Performance of Scheduled Banking during CY01
  • 6.4.1  Capital Adequacy 
  • 6.4.2  Credit Risk- Asset Quality
  • 6.4.3  Earnings and Profitability
  • 6.4.4  Liquidity Risk
  • 6.4.5  Market Risk

 Special Section 6.1 Long Run Dynamics of Interest Rate Spread and Banking Efficiency in Pakistan  

7

• 7.1   Operations at Karachi Stock Exchange
• 7.2   Governance and Development
• 7.3   Credit and Recovery Operations of NBFIs
• 7.4   Corporate Debt Market 
   

• 8.1  Overview
• 8.2  Domestic Debt
  • 8.2.1  Adjustment in Debt Profile
  • 8.2.2  Composition of  Domestic Debt
  • 8.2.3  Classification of Domestic Debt by Owner 
  • 8.2.4  Interest Payments on Domestic Debt   
• 8.3  External Debt
  • 8.3.1  External Debt Indicators
  • 8.3.2  Size and Structure of External Debt and Liabilities
  • 8.3.3  External Debt and Liability Servicing
  • 8.3.4  External Debt Sustainability 
  • 8.3.5  Future Debt Reduction Strategy
    

• 9.1  International Economic Scenario
• 9.2  Pakistan’s Balance of Payments
  • 9.2.1  Current Account
  • 9.2.2  External Vulnerabilities 
• 9.3   Capital Account
  • 9.3.1  Net Foreign Investment
  • 9.3.2  Long-term Capital (Official)
  • 9.3.3  Long-term Capital (Others)
  • 9.3.4  Short-term Capital (Official)
  • 9.3.5  Short-term Capital (DMBs and Others)
• 9.4  Foreign Exchange Reserves
• 9.5  Transactions with IMF
• 9.6  Trade Account
  • 9.6.1  Exports
  • 9.6.2  Imports  
• 9.7  Exchange Rate Policy
• 9.7.1  Liberalization of Foreign Exchange Market
  

• 10.1  Post Judgment Measures
  • 10.1.1  Follow up measures
• 10.2  Policy Decision
• 10.3  Regulation of Islamic Banks
• 10.4  Training and Education
• 10.5 The Main Challenge
  

• 11.1  Poverty
• 11.2  Demography
• 11.3  Employment
• 11.4  Literacy
• 11.5  Education
• 11.6  Health

12

• 12.1  Constitution of the Central Board of Directors
• 12.2  Meetings of the Central Board  
• 12.3  Banking Legislation 
• 12.4  SBP Automation Project 
  • 12.4.1  Software
  • 12.4.2  Training
  • 12.4.3  Mock Banking
  • 12.4.4  Networking
  • 12.4.5  Procurement of Hardware
• 12.5  Training
  • 12.5.1  Training Activities  
• 12.6  Inspection of Banks and NBFIs   
• 12.7  Foreign Exchange Adjudication Department    
• 12.8  Internal Audit and Inspection   
• 12.9  Building Projects of the Bank  
  

• 13.1  Annual Accounts 
• 13.2  Income and Expenditure accounts
• 13.3  Consolidated Balance Sheet of the Banking and Issue department
  • 13.3.1  Banking Department   
  • 13.3.2  Issue Department   
• 13.4  Coinage   
• 13.5  Transfer of Assets  
• 13.6  Auditors   
• 13.7  Annual Accounts for 2001-02
  • Report of the Auditors
  • Issue Department Balance Sheet
  • Banking Department Balance Sheet
  • Profit and Loss Account
  • Cash Flow Statement
  • Statement of Changes in Equity
  • Notes to the Accounts for the Year 2001-02