Clearing Department Hierarchy
Zarir Doctor Country CBS Head
Mansoor Yousaf CBS Head North
Muhammad Mubeen CBS Group Head Lahore/Central
Muhammad Salman Khan
Umaid Hassan Clearing Head Lahore
Clearing supervisor Gujranwala
Saleem Hameed Sher
Arif Siddique
Clearing Processor CIB (FTE)
Clearing Processor CIB (FTE)
Irfan Afzal Clearing Processor (FTE)
Muhammad Rizwan Clearing Supervisor Faisalabad
Ahmad Asghar Clearing Processor
Abdul Qadir Clearing Processor GCG
COMSATS INSTITUTE OF INFORMATION TECHNOLOGY JINNAH CAMPUS LAHORE
Trade Support Unit Department hierarchy Shahid Siddique (AVP)
Khalid Zaman TSU Export AVP
Saleem TSU Import M.
Danish Javed Export, SAA
Mohsin Ali Import, A.M.
Sagheer Export, contract
Sajad Ali Import, SAA
COMSATS INSTITUTE OF INFORMATION TECHNOLOGY JINNAH CAMPUS LAHORE
General Internal Services Department Hierarchy
Zarir Doctor Country CBS Head
Mansoor Yousaf CBS Head North
Muhammad Mubeen CBS Group Head Lahore/Central
kamran GIS Head Lahore (SAA)
Naeem
Qadeer
GIS (contractual)
GIS (contractual)
Yousuf GIS (contractual)
COMSATS INSTITUTE OF INFORMATION TECHNOLOGY JINNAH CAMPUS LAHORE
Inward clearing
Check received from NIFT
Sorting of check Product wise
Sorting of check for GF & GCE
Check Review
OD check to sent 4 approval. Input of check on bank system Attrition Noted
Preparing morp. for incoming clearing
Check Scanned
Verificatio n of check date, stamp etc.
Return from file entry Del.
Check received from NIFT
Auth. Of entries of bank systm
OD memos and other documents filed
COMSATS INSTITUTE OF INFORMATION TECHNOLOGY JINNAH CAMPUS LAHORE
Outward clearing
Received from Customer
Check received from branches
Check physical count
Scanning (previously Microfilming was done
Large deposit sheet for department
Detaching check from deposit slip
Stamping and signing of check
Tape Balance of Batches
Final slip Filed and checks delivered to NIFT
Monthly output processing report
Verifying auth. Of check
Deposit slip stored
COMSATS INSTITUTE OF INFORMATION TECHNOLOGY JINNAH CAMPUS LAHORE
Preference of the US Exporter 1. Importer pay for the goods
Pakistani Importer
US Exporter
2. Exporter ships the goods after being paid
Preference of the Pakistani Importer 1. Exporter ships the goods
US Exporter
Pakistani Importer
2. Importer pays after the goods are received
COMSATS INSTITUTE OF INFORMATION TECHNOLOGY JINNAH CAMPUS LAHORE
The use of a third party
1. Importer obtain banks promise to pay on importers behalf
Pakistani Importer
6. Importer pays bank
5. Bank gives merchandise to importer
2. Bank promises exporter to pay on behalf of importer
Bank
4. Bank pays exporter
American Exporter
3. Exporter ships “to the bank” trusting bank’s promise to pay
COMSATS INSTITUTE OF INFORMATION TECHNOLOGY JINNAH CAMPUS LAHORE
A typical international trade Transaction 1. Importer orders goods 3. Importer arranges for LC
2. Exporter agrees to fill order
6. Goods shipped to Pakistan
American Exporter
5. Bank of NY informs exporter of LC
13. Importer pays Bank
10. and 11. exporter sells draft to bank
12. bank tells importer doc. arrive
7. Exporter presents draft to bank
Bank of New York
Pakistani Importer
14. Bank of NY presents matured draft and gets payment
Citibank
8. Bank of NY presents draft to Citibank 9. Citibank returns accepted draft 4. Citibank sends LC to bank of new York
COMSATS INSTITUTE OF INFORMATION TECHNOLOGY JINNAH CAMPUS LAHORE
Balance Sheet
Cash and balances with treasury banks Balances with other banks Lending to financial institutions Investments Advances Operating fixed assets Deferred tax assets – net Other assets
Bills payable Borrowings Deposits and other accounts Sub-ordinated loans Liabilities against assets subject to finance lease Deferred tax liabilities Other liabilities NET ASSETS
5,881,934 2,975,916 3,831,005 21,937,387 51,289,271 1,186,499 828,544 3,385,882
8,383,947 729,186 4,796,504 19,845,100 39,163,339 340,656 573,115 2,641,794
91,316,43 8
76,473,64 1
1,212,275 15,409,454 63,103,884
1,436,826 12,612,553 53,115,538
5,562,319 85,287,932 6,028,506
3,603,014 70,767,931 5,705,710
COMSATS INSTITUTE OF INFORMATION TECHNOLOGY JINNAH CAMPUS LAHORE
Income Statement
Net Mark-up/ Interest Income Provision against non-performing loans and advances – net Provision for diminution in the value of investments Bad debts written off directly Net Mark-up/ Interest Income after provisions Fee, Commission and Brokerage Income Dividend income Income from dealing in foreign currencies Gain on sale of securities Unrealized gain on revaluation of investments classified as held for trading Other income Total non-mark-up/Interest Income Administrative expenses (Reversal) / Provision for diminution in the value of non-banking assets – net Operating fixed assets written off Other charges Total non-mark-up/Interest expenses
4,904,238 290,444 50,000 614,765 955,209 3,949,029 1,648,434 8,995 427,746 5,434 4,210 579,791 2,674,610 6,623,639 4,053,108 -5,408 638 140 4,048,478 2,575,161
3,599,415 457,742
2,575,161 1,332,650 -141,594 -261,169 929,887
2,593,890 1,221,374
169,208 626,950 2,972,465 1,804,183 451,897 79,678 8,543 248,450 2,592,751 5,565,216 2,962,639 6,750 1,265 672 2,971,326 2,593,890
Extra ordinary/unusual items Taxation - Current - Prior years - Deferred
1,645,27 4
-135,738 1,085,636
1,508,254
COMSATS INSTITUTE OF INFORMATION TECHNOLOGY JINNAH CAMPUS LAHORE