Clearing Department Hierarchy

Zarir Doctor
Country CBS Head

Mansoor Yousaf
CBS Head North

Muhammad Mubeen
CBS Group Head
Lahore/Central

Umaid Hassan Muhammad Salman Muhammad

Clearing Head Khan Rizwan
Lahore Clearing supervisor Clearing
Gujranwala Supervisor
Faisalabad

Arif Siddique Saleem Hameed Sher

Clearing Processor Ahmad
Clearing Processor
CIB (FTE) CIB (FTE) Irfan Afzal Asghar
Clearing Processor (FTE) 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 Saleem

TSU Export AVP TSU Import M.

Danish Javed Mohsin Ali

Export, SAA Import, A.M.

Sagheer Sajad Ali

Export, contract 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 Verificatio
Sorting of
check Check n of check
check for
Product Review date, stamp
GF & GCE
wise etc.

OD check Check Return

to sent 4 received from file
approval. from NIFT entry Del.
Input of
check on
bank
system Auth. Of
entries of
bank systm
Attrition
Noted

Preparing OD memos
morp. for Check and other
incoming Scanned documents
clearing filed

COMSATS INSTITUTE OF INFORMATION TECHNOLOGY JINNAH CAMPUS LAHORE

 Outward clearing

Received
from
Customer

Check
received from
branches

Check Detaching Stamping

physical check from and signing
count deposit slip of check

Scanning Final slip

(previously Tape Filed and
Micro- Balance of checks
filming was Batches delivered to
done NIFT

Large Monthly
Verifying
deposit output
auth. Of
sheet for processing
check
department report

Deposit slip stored

COMSATS INSTITUTE OF INFORMATION TECHNOLOGY JINNAH CAMPUS LAHORE

 Preference of the US Exporter

1. Importer pay for the goods

Pakistani US
Importer Exporter

2. Exporter ships the goods after being paid

Preference of the Pakistani Importer

1. Exporter ships the goods

US Pakistani
Exporter 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 2. Bank promises

promise to pay on exporter to pay on behalf
importers behalf of importer

Pakistani American
6. Importer Bank 4. Bank pays
Importer pays bank exporter Exporter

5. Bank gives 3. Exporter ships “to the

merchandise to bank” trusting bank’s
importer 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 Pakistani
Exporter Importer
10. and 11. exporter sells

13. Importer pays Bank

draft to bank

12. bank
7. Exporter
tells
presents
importer
draft to
doc. arrive
bank

14. Bank of NY presents matured draft

Bank of New and gets payment
Citibank
York
8. Bank of NY presents draft to
Citibank

5. Bank of
NY informs 9. Citibank returns accepted
exporter of draft
LC

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 5,881,934 8,383,947

Balances with other banks 2,975,916 729,186
Lending to financial institutions 3,831,005 4,796,504
Investments 21,937,387 19,845,100
Advances 51,289,271 39,163,339
Operating fixed assets 1,186,499 340,656
Deferred tax assets – net 828,544 573,115
Other assets 3,385,882 2,641,794
91,316,43 76,473,64
8 1

Bills payable 1,212,275 1,436,826

Borrowings 15,409,454 12,612,553
Deposits and other accounts 63,103,884 53,115,538
Sub-ordinated loans
Liabilities against assets subject to finance
lease
Deferred tax liabilities
Other liabilities 5,562,319 3,603,014
85,287,932 70,767,931
NET ASSETS 6,028,506 5,705,710

COMSATS INSTITUTE OF INFORMATION TECHNOLOGY JINNAH CAMPUS LAHORE

 Income Statement

Net Mark-up/ Interest Income 4,904,238 3,599,415

Provision against non-performing loans and advances – net 290,444 457,742
Provision for diminution in the value of investments 50,000
Bad debts written off directly 614,765 169,208
955,209 626,950
Net Mark-up/ Interest Income after provisions 3,949,029 2,972,465
Fee, Commission and Brokerage Income 1,648,434 1,804,183
Dividend income 8,995
Income from dealing in foreign currencies 427,746 451,897
Gain on sale of securities 5,434 79,678
Unrealized gain on revaluation of investments classified as held for trading 4,210 8,543
Other income 579,791 248,450
Total non-mark-up/Interest Income 2,674,610 2,592,751
6,623,639 5,565,216
Administrative expenses 4,053,108 2,962,639
(Reversal) / Provision for diminution in the value of non-banking assets – net -5,408 6,750
Operating fixed assets written off 638 1,265
Other charges 140 672
Total non-mark-up/Interest expenses 4,048,478 2,971,326
2,575,161 2,593,890
Extra ordinary/unusual items
2,575,161 2,593,890
Taxation - Current 1,332,650 1,221,374
- Prior years -141,594
- Deferred -261,169 -135,738
929,887 1,085,636
1,645,27
4 1,508,254

COMSATS INSTITUTE OF INFORMATION TECHNOLOGY JINNAH CAMPUS LAHORE