Page 3 - NIBAF-Training Matters October-December 2020

Oct - Dec 2020

At the end of this online ceremony, participants that it is essential for the fresh inductees to have
introduced themselves turn by turn announcing their clear understanding of core values of SBP and also
city they were joining from. These 33 young SBOTS the competency model adopted by it. Therefore
officers while being grateful on their selection design of SBOTS program is aligned with core as
promised to come up to the expectations of SBP well as seven different competencies selected from
management and contribute their best. the list of competencies given in competency
framework of SBP.
About SBOTS
Following is a brief walk-through of range of
significant SBP functions that are covered in this
SBOTS is a flagship Management Trainee Program
training program.
of SBP and approximately 850 officers have
successfully graduated though this program until Sessions on Monetary Policy and Research Group
now. Participants of this program usually hail from are aimed at building a profound understanding
all parts of the country with diverse educational of the structure and trends of Pakistan economy
backgrounds. These fresh inductees are and inter-linkages between all four sectors of Pak
professionally groomed through a carefully economy namely Real, Financial, External and
designed training aimed at enhancing their Fiscal sectors. Broad contours of monetary policy
knowledge base and skills. Besides learning, this framework and institutional set up for its
program helps in creation of long lasting and formulation in Pakistan are also discussed. Past
enduring bonds among the participants that remain experiences with monetary management i.e. both
intact for the rest of their professional and monetary easing and tightening in recent times are
personal lives. It is these bindings that accord also deliberated upon.
SBOTS a truly unique and interesting perspective.
Next are important central banking functions of

Brief Description of SBOTS Forex management and treasury management. The
former include an overview of legal and
Training program regulatory framework besides touching upon

history and rationales for the forex regimes in
Currently, the program is of four and a half months
Pakistan. Discussions on Treasury management
duration. Primary objective of this
program is to sensitize the newly
inducted officers with entire functional
spectrum of SBP activities. The program
also focuses on competency based
learning through integration of various
learning activities like Structured
Debates, Panel Discussions, Case Study
method, simulation exercises and
experiential learning activities. The basic
premise is to provide an enabling
environment to participants to construct
knowledge through creation of guided
tasks and interactions that may cultivate
meaningful learning. NIBAF considers

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