Page 44 - NIBAF-Training Matters July - December 2022

NIBAF Quetta

NIBAF-Quetta developed a number
of new programs in area of
regulatory reporting, foreign
exchange compliance, risk
management and Due Diligence.
The campus also conducted face-
to face training programs in the
Makran region for capacity building
of remote area branches as well as
university level students. Details of
programs conducted over the six
months are as below:

Quarterly Reporting of
Scheduled
Banks/MFBs/DFIs

statistics
Regulatory Framework for , Private Sector Borrowings from
Core Statistics Department(CSD)
revised the quarterly reporting FX Loans and Guarantees Abroad for Project Loans/Working
formats of scheduled Capital Loans/Bridge Finance,
Banks/MFBs/DFIs statistics in order Two-day online session on the Raising of Convertible Debt for
to enhance the frequency and Regulatory Framework for FX start-up Companies, overview of
scope of reported variables. Loans and Guarantees as provided Present-Bench Marks for interest
Accordingly, NIBAF-Quetta in in Chapter 19 of FX Manual and rate on loans, FCY Trade Financing
coordination with the team from latest revisions in ten instructions
CSD, conducted three online from Abroad and their current
sessions on the revamped was conducted on Sept 6 & 8, interest rate Bench Marks,
reporting format: two for banks and 2022. Mr. Abid Nazir, Senior Joint Short/Long term Financial Sector
one for MFBs/DFIs. These sessions Director, Banking Supervision Borrowings by banks/MFBs/MFIs
were led by Mian Muhammad Irfan- Department, SBP conducted the and other Financial Institutions
Senior Joint Director and program covering key regulatory from Abroad, Guarantees on behalf
conducted further by Ms. Fatima requirements on the topic, of Residents of Pakistan in favor of
Javaid, Deputy Director and Ms. responsibility of Authorized Dealers
Sidra Jabeen, Assistant Director. Non-residents, Performance/Bid
The team briefed the participants in processing the cases of Loans Bond Guarantees issued by
about the existing half-yearly and Guarantees and key issues Ads/Insurance Companies,
reporting formats, key changes, observed by EPD in the area. Mr. Guarantees and Collaterals in favor
definitions of new variables, Abid discussed key provisions of of Overseas Bank Branches and
enhanced code lists and the the instruction in detail covering Correspondents, Guarantees in
revamped formats and General Requirements for
reconciliation with other data sets, extension of funded / unfunded Favor of Government
Data checks, validations and Departments/Ministries/PSEs. The
verification and Errors/ Issues credit facilities to: i) companies session was attended by
observed in data reported to SBP. controlled by non-residents, ii) participants from commercial
These sessions were attended by Residents against guarantees or banks and SBP.
almost 80 participants. collaterals lodged outside Pakistan,
iii)Non-residents against Regulatory Framework for
guarantees of residents Inward Remittances and
or Vice Versa,
requirements for Loan Digitization of Proceeds
registration, Lending to/ Realization
Borrowing by non- Certificates(PRCs)
resident Pakistanis &
Resident foreign EPD has recently issued the
nationals in PKR & Loan framework for Digitization of