Annex

  • November 2019
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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

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