Please
refer to State Bank’s circular No. DS.MFS.5 (18)/2009-872
dated 22nd May, 2009, under which banks are required to
submit monthly Sectoral Balance Sheet (Flow of Funds statement
- Annexure A03) regularly to Statistics & DWH Department
through DAG Portal of SBP.
During
a recent Technical Assistance Mission of IMF, it was observed
that banks misclassify the non financial quasi corporations
under “households” in the above mentioned
statement. As per the guidelines of MFSM 2000, data relating
to quasi corporations should be reported separately from
the personal assets and liabilities of owners under “non-financial
corporations” against the relevant codes.
The non financial quasi corporations should include:
a. unincorporated government enterprises engaged in market
production and operating as private corporations;
b. unincorporated units operated by households,
engaged in market production, and operating as private
corporations;
c. resident unincorporated operations
owned entirely or partly by nonresident units (including
joint ventures, branches, offices, agencies, and ancillaries)
that are engaged in significant activity within the country
over long or indefinite periods.