State Bank of Pakistan - The Central Bank

Annual Report 2001-2002

Chapter No.
	Acknowledgement
	Contents
1	An Overview, Prospects and Executive Summary (Size in pdf 91.9KB) 1.1 Overview 1.2 Medium-term Prospects 1.3 Executive Summary

2	Economic Growth, Savings and Investment (Size in pdf 428KB) 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	Price Trends (Size in pdf 112KB) 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.	Public Finance and Fiscal Policy (Size in pdf 173KB) 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	Money and Credit (Size in pdf 212KB) 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	The Banking Sector (Size in pdf 192KB) 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	Capital Market (Size in pdf 149KB) 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	Domestic and External Debt (Size in pdf 261KB) 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	Balance of Payments and Exchange Rate Policy (Size in pdf 423KB) 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	Islamization of Financial System in Pakistan (Size in pdf 81.1KB) 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	Socio Economic Update (Size in pdf 108KB) 11.1 Poverty 11.2 Demography 11.3 Employment 11.4 Literacy 11.5 Education 11.6 Health

12	State Bank’s Administration (Size in pdf 27.9KB) 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	State Bank’s Accounts for 2001-2002 (Size in pdf 302KB) 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
	Appendices
	Statistical Annexure
	Acronyms