After having come into existence as a separate entity the frame
work of Accounts Department, State Bank of Pakistan, SBP Banking
Services Corporation (Bank), Head Office, Karachi is envisaged
as under:
1. Currency Division.
a. Arrange Currency operation in the country which relates from
printing of Currency notes through PSPC and its issuance through
our offices/NBP.
b. Regulate the withdrawal of old notes from circulation and
maintenance of its account etc.
c. Monitoring chest/sub chest, holding capacity and related
matters.
2.
Accounts Main Section.
a. Consolidation of Accounts from Offices.
b. Preparation of weekly statement of Affairs for issuance.
c. Preparation of Profit & Loss Account and Balance Sheet
as on 30th June
each year.
d. Preparation of Annual Budget of the Bank for revenue and
capital expenditure under the different Heads of Charges/Dead
Stock Accounts.
e. Reconciliation of General Account relating to Inter-office
transactions.
f. Monitoring of contraction and expansion of currency operations.
3. Govt. Accounts Section.
a. Maintenance of Federal & Provincial Govt. A/c. on the
basis of receipt and payments effected at our offices and National
Bank of Pakistan.
b. Preparation of daily balance position and communication thereof
to the Government and all related issues of Government payments/receipts.
c. Maintenance of the Central and Provincial Zakat Fund Account.
d. Monitoring of debtor balances of Provincial Governments.
4. Admn./Policy & Regulation Section.
a. Internal administrative control of the Department, maintenance
of Petty cash/Imprest A/c. supply of stationery articles. Maintenance
of leave record of officers/staff of the Department.
b. Framing rules and regulations relating to the working of
our offices, interpretation of Provisions of Banking Department
and issue Department Manuals.
c. Printing of cheque books / bank drafts / Govt. drafts from
PSPC.
d. Fraud Forgery cases, Matters relating to Govt. Audit Report
on working of
field offices and Accounts Department.
e. Specimen Signature of officers, Printing and circulation
to the field offices.
f. Review of Expenditure Regulations
g. Clearing House / NIFT Matters.
5.
Funds Section.
a. Management of PF/GPF balances of existing employees and retirement
benefits of the retired employees of the Bank.
b. Maintenance of BF Account and Payment thereof.
c. Payment of GTA premia to State Life Insurance Corporation,
Death Claims in respect of GTA, Private Insurance Policies financed
from PF/GPF.
6. Central Accounts, Remittance / Audit & Record
Section.
a. Deal with the adjustment of Remittance transactions under
the Remittance facilities scheme under Section 17 (7) of SBP
Act – 1956.
b. Drawing and Encashment received from Treasury Agencies, SBP
BSC Offices and National Bank of Pakistan – Scrutiny of
advices, sorting of paid instruments and application forms etc
and deal with other affiliated work.
c. Payment of freight/commission to Railway Authority in connection
with the dispatch of Treasure etc.
d. Payment of expenditure incurred in connection with the dispatch/receipt
of Remittance of treasury by the NBP and payment of Commission
to them on Intra-Provincial Government drafts/drawings and encashment.
e. Maintenance of Record of Intra-Provincial NBP/SBP drafts.
7. Prize Bonds Section.
a. Printing of Prize Bonds through Pakistan Security Printing
Corporation.
b. Its distribution to our offices through respective Public
Debt Offices.
c. Management and Control under the provisions of Prize Bonds
Rules/Procedure of sale/encashment of Prize Bonds
d. Management and Control National Savings Schemes through offices
of SBP BSC and Commercial Banks.
e. Dealing with the cases of frauds and forgeries in the Prize
Bonds scheme.
f. Preparation of consolidated position of sales/encashment
of Prize Bonds on weekly/fortnightly basis and weakly/monthly
position of National Savings Schemes or such internals as required
by the Central Directorate of National Savings, Government of
Pakistan.
g. Making arrangements for Prize Bonds draws as per schedule.
8. Special Cell for Audit Reports of Field Offices
Newly created Cell to examine Audit Reports on accounts related
matters in respect
of Field Offices.
Circulars
for EARTHQUAKE / PRESIDENT ’S RELIEF FUND 
