Functions of Statistics Department State Bank of Pakistan
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Transcript of Functions of Statistics Department State Bank of Pakistan
Two-Day Users-Producers Workshop
Functions of
STATISTICS DEPARTMENTState Bank of Pakistan
Mission Statement "Our mission is to ensure timely dissemination of high quality statistics for the monetary and macro-economic policies leading to the prosperity of Pakistan"
Components of the Business Process
Operational: Compilation and dissemination of statistics according to the specification of annual Business Plan
Developmental: Projects aimed for innovation and improvements in methodologies to:
● bring it in line with the international standards
● cater the growing needs of the stakeholders
● improve the quality, transparency and timeliness of the statistics compiled
● adopt new developments
Operational Functions
Compilation and dissemination of the following statistics:(Monthly)
• Balance of payments statistics
• Statistics on import payments and export receipts,
• Workers’ remittances
• Foreign direct & portfolio investment
• Weighted average lending & Deposit rates
• Loans & Deposits classified by borrowers – ISIC
classification
• Pakistan monetary survey
• Institutional distribution of funds
• Statements of stocks and utilization of FCA
(Quarterly)
• Compilation of fixed industrial investment in private sector
• Outstanding stock of external debt & liabilities and debt
servicing
• Sectoral Balance Sheets of non-bank financial institutions
(NBFIs)
(Half Yearly)
• Statistics of scheduled banks – various dimensions
• Statistics of Co-operative banks – various dimensions
• Seasonal adjustment of important data series
Main Functions continued…
(Annual)
• Survey of foreign investment & liabilities/assets
• International Investment Position (IIP)
• Ownership of federal government debt
• Analysis of balance sheets of joint stock companies listed on KSE (non-financial)
• Estimates of flow of funds accounts
• Equity yield of ordinary shares quoted at KSE
Main Functions continued…
(Daily)
• Position of SCRA
• Index numbers of stock exchange securities traded at KSE
Main Functions continued…
Publications (11 +)
Publication Frequency
Statistical Bulletin Monthly
Export Receipts Monthly
Statistics on Scheduled Banks in Pakistan Half Yearly
Export Receipts Annual
Annual Report (Statistical Annexure) Annual
Pakistan’s Balance of Payments Annual
Balance Sheet Analysis of Joint Stock Co’s listed at Karachi Stock Exchange
Annual
Banking Statistics of Pakistan Annual
Equity Yields on Ordinary Shares Annual
Foreign Liabilities & Assets and Foreign Investment in Pakistan Annual
Index Numbers of Stock Exchange Securities Annual
Handbook of statistics on Pakistan’s economy 5 years
Updating statistics on SBP Website Regularly
Key Developmental Projects
• Adoption of HS classification of commodities for trade data
• Implementation of 5th Manual for compilation of Balance of
payments
• Coordinated Portfolio Investment Survey
• Review of all publications on the basis of users’ feedback
• Adoption of ISIC for classification of private sector business
• Implementation of SNA 93 for compilation of FFA
• Compilation of IIP
Key Developmental Projects
• Implementation of MFSM 2000
• Seasonal adjustment of data
• Handbook of statistics on Pakistan economy
• Preparation of Data Revision Policy
• Data Dissemination Policy
• Improve effectiveness of banking and monetary data … in
progress
• Collaboration among data compilers and users
Key Developmental Projects
Collaboration among data compilers and users
Objectives
• To establish interaction among data providers & users
• to create awareness on the methodologies and availability of statistics
• to identify shortfalls in scope and coverage of available data
• to identify gaps in availability and needs of users
• to formulate strategies and recommendations for filling gaps
• implementation of strategies relating to SBP
Key Developmental Projects
Collaboration among data compilers and users
Implementation
• To conduct users-producers workshops
• Steering Committee of Coordinators
• Technical Committees of users and producers
Collaboration among data compilers and users
Responsibilities of Technical committees
• Identification of areas for improvements on the basis of feedback from the users during presentations
• to examine feasibility and implications of the suggestions provided by the users
• presentations of the recommendation in the workshop
• to prepare recommendations for review by the Steering committee
Collaboration among data compilers and users
Composition of Technical committees
External Sector Real Sector Mr Zafar ul Hassan, Finance Div (Leader) Mr Muhammad Afzal, P&D (Leader)
Mr Zafar Iqbal, SD, SBP Mr Raees ul Hassan, FBS
Mr Naseer Ahmad, SD, SBP Mr Rana Ishaque Rana, FBS
Mr Khalid Siddique, FBS Mr Muneer Aslam, FBS
Mr Arshad Mehmood Sahi, EAD Mr Abdul Azeem Sahaitho, FBS
Mr Mohammad Afaq, EAD Mr Moin ud Din, RD, FBS
Syed Sajid Ali, RD, SBP Dr Fazal Hussain, PIDE/CBM
Mr Ghulam Rabbani, AC, SBP Mr Arif Mahmood Cheema, FBS
Mr Junaid Iqbal, Head Res; CNBC Malik Muhammad Ashraf, SD, SBP
Collaboration among data compilers and users
Composition of Technical committees
Fiscal Sector Financial Sector Mr Najeeb Qadir (Leader), CBR Dr Azizullah Khattak, SD, SBP (Leader)
Mr Zafar ul Hassan, EAD Mr Faisal Maqsood, EDMD, SBP
Dr Saeed Ahmad, RD, SBP Mr Muhammad Arif, EDMD, SBP
Mr Wamiq Rasheed Khan, ED Res: EPB Mr Haroon Askari, KSE
Mr Mohammad Amin Lodhi, RD, SBP
Ms Moneeza Kalsoom Ahmad, IBP
Collaboration among data compilers and users
Composition of Technical committees
Socio-Demographic Miscellaneous Dr Ishaq Ansari, SD, SBP (Leader) Mr K.K Suri, EPB (Leader)
Mr Mehboob Sultan, NIPS Mr Ali Rehman SECP
Mr Muhammad Saeed, PCO Mr Ali Ahmad, SBS
Dr Mian Farood Haq, RD, SBP Mr Shamim Rafiq PBS
Prof Zahid Mehmood, KU Mr Aslam Shakir Baloch, BBS
Ms Iqbal Ahmad, NWFPBS
Prof Dr Shafiq ur Rehman
Dr S.M. Hasnain Bokhari, SD, SBP
Users-Producers Workshop
Final Request
• Time management
• Uses’ Feedback
International Investment Position (IIP)
IIP shows stock of an economy’s external asset and liabilities at a particular point of time
Assets Liabilities
Direct investment
Portfolio investment– Equity securities– Debt securities
Other investment– Trade credits– Loans
Reserve Assets
Direct investment
Portfolio investment
Other Investment
Seasonal adjustment of Data
Most of banking and economic data follow seasonal patterns and unadjusted data is usually misleading
Data series of advances, deposits, imports, exports, workers’ remittances, borrowing from SBP, currency in circulation, M1 and M2
The analysis is carried out regularly according to the frequency of the data series
Index numbers of stock exchange securities
Objective
To measure changes in the prices of shares traded at KSE for the 641 Cos listed at KSE.
Coverage
The index of share prices cover ordinary shares of all companies traded at KSE on a particular day
Scope
Overall and economic group wise general index, sensitive index and market capitalization on daily basis
Balance sheet analysis of joint stock companies listed at KSE
Objective
To evaluate the performance of non-financial Cos /sectors listed at KSE through various
indicators developed from the data provided in Cos’ published annual reports
Coverage
The analysis is based on the published annual reports of non financial sector companies listed at KSE
Scope
The performance indicators include:
• Current ratio
• Debt equity ratio
• Cash flow ratio
• Indicators of growth
• Indicators of financial flows
Equity yields on ordinary sharesObjective
The term yields indicates return per hundred rupees of capital cost of investment. The objective of the study is to evaluate the performance of different investments in ordinary shares.
Coverage
All listed companies
Scope
Overall, economic group-wise indicators such as
• Dividend yield
• Earning yield
• Index of dividend
• index of earning
Half yearly Statistics on Scheduled Banks
• ObjectiveTo provide comprehensive and reliable statistics covering major
aspects of banking such as.– Deposits
• By category of deposit holder• By type of account• By rate of return
– Advances• By borrower• By collateral • By rate of margin retained• By rate of return
– Bills purchased and discounted– Investment
• By institution• By securities
– Liability & Asset
Ownership classification of Federal Govt Debt
Sources (2000)
• Scheduled & Cooperative banks• NBFCs• Insurance Companies• Govt sponsored institutions• Other public institutions• Local authorities• staff provident funds• Joint stock companies
Classification of debt
• Federal Govt securities/bonds• National prize bonds• National saving schemes• Treasury bills