COMPARISON OF STRATEGIC PLAN OF CBSL & SBP

Profile

• CBSL SBP - 1950 -1948

• Founder

John Exter Muhammad ali jinnah

Present Governor Ajith Nivard Cabraal Ashraf Mahmood Wathra

VISION

CBSL• A credible and dynamic

central bank contributing to prosperity of SL.

SBP• To transform SBP into

modern and dynamic environment central bank, highly professional and efficient and fully equipped

to play meaning full role on sustainable basis in the economic and social development of Pakistan.

MISSION

CBSL• Maintaining economic and

price stability and financial system stability to support sustainable growth through policy stimulates advice commitment and excellence.

SBP• To promote Monetary and

financial stability and foster a sound and dynamic financial system so as to achieve sustained and equitable economic growth and prosperity in Pakistan.

OBJECTIVES

CBSL• Maintaining economic and

price stability • Maintaining financial

system stability

SBP• Maintaining Price Stability

with Growth• Broadening Access to

Financial Sector• Ensuring Soundness of

Financial Sector• Exchange Rate and Reserve

Management• Strengthening Payment

Systems

VALUES

CBSL• Commitment to

inspirational leadership • Transparency• Accountability• Commitment to

professional competence• Commitment to Life long

learning• Consistency, Accuracy &

Timelines

SBP• Highest standards of integrity• Institutionalizing team work

and performance culture• Excellence in service• advancement of skills for

tomorrow's challenges• Awareness of social and

community responsibility• Value creation for all

stakeholders

SBP Organizational structure

CBSL Organizational structure

FunctionsCBSL

• Core functionsEconomic and Price StabilityFinancial System Stability

• Ancillary to core functionsCurrency Issue and Management

• Agency functionsEmployees' Provident Fund ManagementForeign Exchange ManagementPublic Debt ManagementRegional DevelopmentFinancial IntelligenceProvincial Office Monitoring

SBP

Primary functions• Issues notes• Regulation and supervision of

banks• Lender of the last resort• Advise to government• Conduct of monetary policySecondary functions• Agency functions like

management of public debt• Management of forign exchange• Clearing house

CLUSTERS

CBSL• Economic & price stability• Financial system stability• Agency services• Corporate services

SBP• Banking• Financial market, Islamic

banking & special initiatives• Operations

DEPARTMENTSCBSL

• DOD• ERD• IOD• SB• BSD• CD• ECD• PDD• RDD• FMD• HRD

SBP

• Banking Inspection (On-Site) Department• Agricultural Credit & Microfinance

Department• Banking Policy & Regulations Department• Banking Surveillance Department• Consumer Protection Department• Exchange Policy Department• Economic Policy Review Department • External Relations Department • Finance Department• Legal Services Department• Off-site Supervision & Enforcement

Department

STRATEGIC GOALS OF SBP 2011- 2014

• Improve the formulation and effectiveness of monetary policy

• Develop a financial stability framework• Improve soundness or efficiency of the financial system• Strengthen prudential standing of bank• Strengthening exchange, market and reserve management• Management strategies for improving corporate

governance and institutional stretching of SBP• Address development needs of the financial system,

including broadening access to financial services

STRATEGIC OBJECTIVES OF CBSL 2014-2018

• Maintain inflation at a mid single digit level to support sustainable economic growth

• Ensure maintenance of an adequate level of foreign exchange reserves to meet foreign exchange obligations

• Facilitating effecting policy formulations• Maintain price stability to facilitate achieving

sustainable high growth• Ensure the financial system stability• Facilitate the improvement of macro prudential

surveillance through research

Strategic plan of SBP

• Strategic plan of SBP 2005-2010• Strategic Plan for- Islamic Banking Industry of

Pakistan • Period 2014- 2018• key areas– Enabling Policy Environment– Shariah Governance & Compliance– Awareness and Capacity Building– Market Development

• VISIONTo evolve a stable and distinct Islamic Banking System based on Shariah principles that creates value for all stakeholders particularly the users and providers of Islamic financial services.

• MISSIONTo facilitate and catalyze development of Islamic banking industry in the country through a) enabling legal, regulatory and Shariah compliance framework, b) promotion of Islamic finance as a distinct and competitive system to serve the financial services needs of the masses, c) targeted research initiatives to better explore market dynamics and d) collaboration with the local and international stakeholders for development of competitive and innovative solutions for the diverse financing need of the realeconomy

Comparison of objectives

CBSL

• INFLATION2010- 7.32011-7.852012-7.532013-6.942014-4.5

SBP• INFLATION• 13.9• 11.9• 9.7• 7.7• 8.8

Suggestions