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MGT604 - Management of Financial Institutions - Lecture Handout 13

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PAKISTAN ECONOMIC AID & DEBT

The Asian Development Bank will provide close to $ 6 billion development assistance to Pakistan during 2006-9. The World Bank unveiled a lending program of up to $6.5 billion for Pakistan under a new four-year, 2006-2009, aid strategy showing a significant increase in funding aimed largely at beefing up the country's infrastructure. Japan will provide $500
million annual economic aid to Pakistan.

The major causes of poverty in Pakistan

  • Lack of employment opportunities, which in the rural setting is caused by the absence of rural-urban linkages.
  • A slowdown in the pace of economic growth in the 1990s
  • With the burgeoning debt obligations, a decline in the public sector development program.

Key challenges facing the Government of Pakistan

  1. Restoring economic growth-constrained further by a drought-affected agriculture sector
  2. Managing the large debt burden with international financial institutions.
  3. Promoting domestic and foreign investors' confidence
  4. Increasing exports to generate foreign exchange,
  5. Maintaining a level of social development spending to stem the deteriorating social indicators.
  6. Law and Order, or Terrorism

Future Prospects for Pakistan's Economy

Pakistan's long term prospects will depend upon the interplay of evolution in political and social developments, economic policies to be pursued, the quality of governance and institutions, and most important investment in the human capital. It has become quite obvious from both Pakistan's own history and the experience of the developing countries that sustained economic growth and poverty reduction cannot take place merely on the strength of economic policies. Political stability, social cohesion, supporting institutions, and good governance are equally important ingredients coupled with both external environments for achieving economic success.

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MGT604 - Management of Financial Institutions - Lecture Handout 07

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STATE BANK OF PAKISTAN - VARIOUS DEPARTMENTS

Agricultural Credit Department

Established under Section 8(3) of SBP Act 1956, is mainly responsible to meet credit needs of agriculture that being the mainstay of Pakistan’s economy generates nearly one fourth of the total out put and 44% of total employment and is the major source of foreign exchange earning.

  • To operate as a focal point in SBP for all agriculture and rural finance policies, programs and projects.
  • To assess/estimate the credit needs of farm & non farm sector in rural areas.
    To review the issues and challenges faced and developments taking place in agriculture and rural finance both in the country and elsewhere to develop an adequate knowledge and information base for policy formulation etc
  • To formulate agri & rural finance policies in consultation with stakeholders to ensure adequate flow of institutional credit in rural areas.
  • To monitor growth and trends in agri /rural finance portfolio of banks & financial institutions.
  • To collect periodical agri/rural finance data for analysis, policy formulation and dissemination to general public.
  • To advise Federal and Provincial Governments, Banks, Cooperative Banks & agriculture chambers on agri & rural finance issues.
  • To initiate and undertake information dissemination and awareness building programs for farmers and special training programs for commercial banks.
  • To build SBP rural and agriculture finance capacity
  • To operate as a Secretariat for Agriculture Credit Advisory Committee (ACAC)

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