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STATE BANK OF PAKISTAN
ANNUAL REPORT 1999-2000

CENTRAL BOARD OF DIRECTORS

Dr. Ishrat Husain Governor and Chairman
Ch. Mueen Afzal Member
Mr. Usman Yahya Member
Mr. Salman Shah Member
Mr. M. Hussain Dawood Member
Mr. R. A. Akhund Member
Mr. Azam Faruque* Member
Mr. Fazal-ur-Rehman Dittu* Member
Mr. Qaiser Zulfaqar Khan* Member
Ch. Rashid Ahmad Javed
Director, Corporate Affairs Department
Secretary

* w.e.f. July 13, 2000

Governor
Dr. Ishrat Husain

Deputy Governors
Mukhtar Nabi Qureshi
Rashid Akhtar Chughtai

Chief Economic Adviser
M. Ashraf Janjua

President SBTI (NIBAF)
Saeed Ahmed Qureshi

Executive Directors
Khalid Mahmud Salim
Muhammad Ainuddin
Tasadduq Hussain Awan
Farhat Saeed
Mansur-ur-Rehman Khan

Economic Adviser
Dr. Mushtaq Ali Khan

Joint Economic Adviser
Dr. Abdul Naseer

Senior Adviser
Khalid Siraj

Adviser
Dr. Shakil Faruqi

Director General SBTI (NIBAF)
Ms. Naheed Kirmani

Foreign Exchange Adviser
Hanif Akhai

Banking Adviser
I.A. Farooq

Accounts Department
MUHAMMAD AMIN QURESHI
Director
Administration Department
INAM AHMED
Director
Agricultural Credit Department
SYED NASRAT KAMAL
Director
Audit Department
MUKHTAR AHMAD
Director
Banking Inspection Department-I
ZAFAR HASNAIN SIDDQUI
Director
Banking Inspection Department-H
MUHAMMAD JAVED
Director
Banking Inspection Department-111
MUHAMMAD ALTAF
Director
Banking Supervision Department/
Worm Bank Consultancy Project
KAZI ABDUL MUKTADIR
Director
Corporate Affairs Department
CH. RASHID AHMAD JAVED*
MUHAMMAD IDREES AGHA

Director
Director (u/s)
Public Relations Division
SYED WASIMUDDIN
Chief Spokesman
Credit Information Bureau.
GHULAM MUSTAFA ARAIN
Director
Engineering Department
AHMED HUSSAIN KHAN
Director
Exchange & Debt Management Department
HANIF AKHAI
Adviser
Exchange Policy Department
M. RAFIQUDDIN MEHKARI
Director
Foreign Exchange Adjudication Department
MUHAMMAD BARI
Director
General Economic Research Department
RIAZ RIAZUDDIN
Director
Information Systems Department
MAHMOOD SIDDIQUE
Head
Project Management Office
MUHAMMAD SHARIF
Director
Internal Bank Security Department
SALEEM AHMED ZAFAR
Chief Security Officer
International Economic Research Department
MAHMUD KHAN LODHI*
Director
Legal Department
MRS. NAEEM HUSSAIN NIGAR.
Director
Medical Services Department
DR. MUHAMMAD GHIAS
Director
Monetary and Fiscal Research Department
DR. AFTAB AHMED NADEEM
Director
Personnel Department
RIAZ AHMED
Director
Statistics Department
MUNIR AHMED
Director
S.B.T.I. (NIBAF), Islamabad
MUHAMMAD SULEMAN
Director

* In Executive Grade

OFFICES OF THE BANK

Karachi Liaqat Durrani Chief Manager
Lahore Muhammad Akram Shad Chief Manager
Islamabad Umer Khitab Chief Manager
Rawalpindi Ghulam Shabbir Awan Chief Manager
Peshawar Akbar Hussain Chief Manager
Quetta Tassawwur Hussain Shah Chief Manager
North Nazimabad, Karachi Abdul Ghaffar Chief Manager
Hyderabad Syed Mahfooz Ali Chief Manager
Sukkur Muhammad Hashim Mirjar Chief Manager
Bahawalpur Muhammad Akram Khan Chief Manager
Multan Inayatullah Sahee Chief Manager
Faisalabad Muhammad Sohrab Abbasi Chief Manager
Sialkot Amanat Ali Chief Manager
D.I.Khan Muhammad Aslam Khan Chief Manager
Muzaffarabad Muhammad Sadiq Chief Manager
Gujranwala Muhammad Younus Qamar Chief Manager

LETTER OF TRANSMITTAL

State Bank of Pakistan
Karachi.
6th November, 2000

Dear Mr. Minister,

In accordance with Section 40(2) of the State Bank of Pakistan Act, 1956 the Balance Sheet of the Bank as on June 30, 2000 and the Profit and Loss Account for the year 1999-2000 duly signed by me, Deputy Governor, Director of Accounts and certified by the Bank's Auditors were transmitted to the Government on August 25, 2000.

In continuation thereof I submit herewith the Annual Report of the Central Board of Directors on the working of the Bank for the year ended June 30, 2000.

With best personal regards,

Yours sincerely,

Sd/-
(ISHRAT HUSAIN)
Governor

Mr. Shaukat Aziz,
Minister for Finance & Economic Affairs,
Government of Pakistan,
ISLAMABAD.