ACU

Asian Clearing Union

FAO

Food and Agriculture Organization

ADB

Asian Development Bank

FBC

Federal Bank for Co-Operatives

ADBP

Agricultural Development Bank of Pakistan

FBS

Federal Bureau of Statistics

ADs

Authorized Dealers

FCAs

Foreign Currency Accounts

AED

Emirates Dirham

FCBCs

Foreign Currency Bearer Certificates

AoA

Agreement on Agriculture

FCDs

Foreign Currency Deposits

ASEAN

Association of South East Asian Nations

FDI

Foreign Direct Investment

ATM

Automated Teller Machine

FE-13

Foreign Exchange Circular No. 13 dated 2nd June 1998

ATT

Afghan Transit Trade

FE-25

Foreign Exchange Circular No. 25 dated 20th June 1998

FE-45

Foreign Exchange Circular No. 45 dated 1 1th August

BCO

Banking Companies' Ordinance

1985

BMA

Bahrain Monetary Agency

FEBC

Foreign Exchange Bearer Certificate

BMR

Balancing Modernization & Replacement

FECs

Foreign Exchange Companies

BOC

Bank of China

FEE

Foreign Exchange Earnings

BOD

Board Of Directors

FJFC

Fauji Jordan Fertilizer Company

BPRD

Banking Policy Regulation Department

FOB

Free on Board

BSD

Banking Supervision Department

FSC

Federal Shariat Court

C&F

Cost and Freight

FY

Financial/Fiscal Year

CAA

Civil Aviation Authority

GATT

General Agreement on Tariff and Trade

CAB

Current Account Balance

GDP

Gross Domestic Product

CBD

Central Bank Deposit

GER

Gross Enrollment Ratio

CBER

Commercial Banks' Foreign Exchange Reserves

GFCF

Gross Fixed Capital Formation

CBR

Central Board of Revenue

GNP

Gross National Product

CBU

Completely Built Down Unit

GST

General Sales Tax

CC

Currency in Circulation

GW

Giga Watt

CCFF

Contingency and Compensatory Fund Facility

HI

First half of the Fiscal Year

CDNS

Central Directorate of National Saving

H2

Second Half of the Fiscal Year

CDR

Currency Deposit Ratio

HACCP

Hazard Analysis Critical Control Points

CED

Central Excise Duty

HBFC

House Building Finance Corporation

CEO

Chief Executive Officer

HFCs

Housing Finance Companies

CIRC

Corporate and Industrial Restructuring Corporation

fflES

Household Income and Expenditure Survey

CIRR

Commercial Interest Reference Rate

fflPC

Highly Indebted Poor Countries

CKD

Completely Knocked Down

HSS

Hajj Sponsorship Scheme

CMC

Change Management Conference

IBRD

International Bank for Reconstruction and Development

CNG

Compressed Natural Gas

ICAP

Institute of Chartered Accountants, Pakistan

COT

Currency Over turn

ICP

Investment Corporation of Pakistan

CPI

Consumer Price Index

IDA

International Development Assistance

CRR

Cash Reserve Ratio

IDE

Islamic Development Bank

CRSU

Committee on Revival of Sick Units

IDBP

Industrial Development Bank Of Pakistan

CRWA

Currency to Risk Weighted Asset

IFIs

International financial Institutions

CTFS

Commission for Transformation of Financial System

IFSB

Islamic Financial Services Board

DAP

Di-Ammonium Phosphate

IIFM

International Islamic Financial Market

DEC

Dollar Bearer Certificate

np

Index of Industrial Production

DD

Demand Deposit

IMF

International Monetary Fund

DPI

Development Finance Institution

IMR

Infant Mortality Rate

DMB

Deposit Money Banks

IPO

Initial Public Offer

DRMS

Debt Reduction and Management Strategy

IPPs

Independent Power Producers

DSCs

Defense Saving Certificates

I-PRSP

Interim Poverty Reduction Strategy Paper

DTL

Demand and Time Liabilities

ISDP

Industry Specific Deletion Program

BAD

Economic Affairs Division

ISE

Islamabad Stock Exchange

EDB

Engineering Development Board

JBIC

Japan Bank for International Cooperation

EDL

External Debt and Liability

KESC

Karachi Electric Supply Corporation

EE

Export Earning

KPT

Karachi Port Trust

EEC

Encashment Entitlement Certificate

KSE

Karachi Stock Exchange

EEDL

Expensive External Debt and Liabilities

KWA

Kuwait War Affectees

EEPAS

Emerging Electronics Products Assembly Scheme

LCVs

Light Commercial Vehicles

EPS

Export Finance Scheme

LFS

Labor Force Survey

EOBI

Employees Old-Age Benefit Institution

LIBOR

London Inter bank Offer Rate

EOI

Expressions of Interest

PRGF

Poverty Reduction and Growth Facility

LMC

Liquidity Management Center

PS

Pakistan Steel

LSE

Lahore Stock Exchange

PSCBs

Public Sector Commercial Banks

LSM

Large Scale Manufacturing

PSCEs

Public Sector Commercial Enterprises

MAP

Million Acre Feet

PSDP

Public Sector Development Program

MCB

Muslim Commercial Bank

PSEs

Public sector enterprises

MFA

Multi Fiber Agreement

PSO

Pakistan State Oil

MNCs

Multi National Corporations

PTC

Participation Term Certificate

MOF

Ministry of Finance

PTCL

Pakistan Telecommunication Corporation Limited

MOIP

Ministry of Industries & Production

PTMA

Pakistan Trade Maintenance Arrangement

MSCI

Morgan Stanley Capital International

QIM

Quantum Index of Manufacturing

NAB

National Accountability Bureau

QRC

Quality Review Check

NBFIs

Non Bank Financial Institutions

QRMP

Quality Related Market Price

NBP

National Bank of Pakistan

PPO

Pakistan Post Office

NCBs

Nationalized Commercial Bank

PR

Pakistan Railway

NDA

Net Domestic Asset

PRO

Previously Restructured Debt

NDFC

National Development Finance Corporation

REER

Real Effective Exchange Rate

NDRP

National Debt Retirement Program

RF

Rural Finance

NEP

National Education Policy

RFCD

Residence Foreign Currency Deposit

NFA

Net Foreign Asset

RM

Reserve Money

NFC

National Fertilizer Corporation

ROA

Return on Asset

NFC

National Finance Commission

SAB

Shariat Appellate Bench

NHA

National Highway Authority

SBA

Stand-by Arrangement

NIBAF

National Institute of Banking and Finance

SCS

Suppliers' Credit Scheme

NIM

Net Interest Margins

SDR

Special Drawing Rights

NIT

National Investment Trust

SECP

Securities and Exchange Commission of Pakistan

NPLs

Non Performing Loans

SLR

Statutory Liquidity Requirement

NPV

Net Present Value

SMEs

Small and Medium Enterprises

NRPs

Non-Resident Pakistanis

SNGPL

Sui Northern Gas Pipelines Limited

NSE

National Stock Exchange (India)

SOF

Saudi Oil Facility

NSS

National Savings Scheme

SPI

Sensitive Price Indicator

OCAC

Oil Companies Advisory Committee

SPIAIC

Saudi Pak Industrial and Agricultural Investment

ODA

Official Development Assistance

SPS

Sanitary and Phytosanitary

OEB

Outstanding Export Bills

SSGC

Sui Southern Gas Company

OECD

Organization for Economic Cooperation and