National Institute of Banking and Finance

International Training Courses FY 2019-20 Na�onal Ins�tute of Banking and Finance State Bank of Pakistan

Contents Message from the Managing Director .............................................................................. 1 About NIBAF .................................................................................................................. 2 Review of last year International Training Programs ....................................................... 5 About International Courses/Seminars .......................................................................... 7 International Training Programs FY2019-20 ................................................................ 13 1. 50th International Central Banking Course ........................................................ 15 2. 47th International Commercial Banking Course ................................................. 16 3. 4th English Language Course for CARs ............................................................. 17 4. SAARC Seminars ............................................................................................... 18 Application Process /Administrative Details ............................................................ 19-21 Application/Nomination Form ...................................................................................... 25 Medical Certificate ........................................................................................................ 27

Message from the Managing Director National Institute of Banking and Finance (NIBAF) – a fully owned subsidiary of the country’s central bank – is one of the pioneering institutions in the region that caters to the growing learning needs of the financial industry in developing economies. Since its inception, NIBAF has trained thousands of officials from the financial industry across the globe.

In the business year 2019-20, NIBAF is launching three international programs, viz.

50th International Central Banking Course, 47th International Commercial Banking Course, and 4th English Language Course for Central Asian Republics. These programs are fully funded by the government of Pakistan. We would welcome you to these programs.

NIBAF believes in achieving excellence in its training program. Our team makes great efforts to ensure that its trainings are relevant to needs of participating institutions.

Thus, contents of our programs are reviewed every year to make them more current and pertinent to challenges faced by the financial industry in developing economies.

NIBAF offers greater learning environment for program participants. Our team of experienced training managers understand how to facilitate learning in any training program. Thus, the entire learning process – from development of program contents and training material to selection of trainers and designing learning activities to facilitate training delivery – centers around creation of value for participants.

Our pool of trainers includes eminent practitioners and experts from central bank, financial institutions, academia and international institutions. While the knowledge transfer from these trainers is important component of our training programs, sharing of unique experiences from participants of different countries also results in a better understanding of emerging challenges faced by the financial industry in developing countries.

Finally, our programs offer an excellent opportunity for social and cultural interaction among participants, thus resulting in a world where people better understands and respects culture and values of each other.

We are grateful for decades long support and looking forward to welcome you in one of our upcoming international training programs this year.

Riaz Nazarali Chunara National Institute of Banking & Finance

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About NIBAF The National Institute of Banking and Finance (NIBAF) is the training subsidiary of the State Bank of Pakistan. The institute has five campuses, with the main campus located in Islamabad, the capital city of Pakistan and four other regional campuses in provincial capitals, i.e. Karachi, Lahore, Peshawar and Quetta.

Over the years, NIBAF has emerged as a regional platform bringing together practitioners and academics from the banking and finance sector to develop a common culture of regulation and supervision in the region.

It is doing so through training programs for the financial sector of developing countries.

Since its inception, NIBAF has established cogent relationships with leading bankers and finance professionals around the globe and has established its name for high quality training in the field of banking and finance. Professional trainers and seasoned speakers from academia, regulatory authorities, policy makers, international financial institutions and shariah scholars share their experiences and knowledge with the participants of various courses.

NIBAF aimed at providing a forum/platform where individual experts can have a candid exchange of views and experiences in highly interactive sessions.

The successful conduct of numerous training programs reflects the high quality of NIBAF staff and the competence of its management. A well-qualified, dedicated and experienced team design, develop and manage these training programs, workshops and seminars. NIBAF is also equipped with the latest training facilities and amenities. Located in serene surroundings in proximity to Margalla Hills, the institute offers a highly congenial environment for academic pursuits in a relaxing and refreshing atmosphere.

NIBAF Facilities The state of the art building is centrally air-conditioned and offers a variety of facilities such as: Auditorium NIBAF has a spacious auditorium with 250-300 seating capacity - with breakaway rooms for sideline meetings/discussion ideally suitable for holding seminars and symposiums.

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Training Halls/Class Rooms There are 6 training halls /class rooms equipped with modern and latest audiovisual technology.

IT Lab The institute has two fully equipped IT labs having the capacity of 80 work stations, PCs compatible with sophisticated softwares and linked with speedy internet connections.

Library Library at NIBAF, besides having a broad spectrum of books specifically in Economics, Banking, Finance and Management, provides congenial environment for study where daily Newspapers and magazine such as The Economist, HRB etc., are available.

Hostel Facility/Accommodation Residential complex of NIBAF is centrally air-conditioned having 124 spacious and comfortable rooms with all modern day facilities. Cafeteria which is located in the residential block, besides serving delicious meals also provides the opportunity for discussion with other course members and helps create an atmosphere based on mutual trust which, in turn, fosters an open exchange of ideas.

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Other leisure facilities include: »

TV Lounge.

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Indoor gym/Fitness center.

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Table tennis.

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Snooker/Billiards.

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Badminton court.

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Basketball court.

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24 hours internet café.

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WIFI Facility.

NIBAF campus is highly secured with a gated compound patrolled round the clock by guards and augmented by CCTV security cameras.

Apart from class room training sessions, exposure/working visits are arranged to financial institutions/banks and excursions to places of interest.

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Review of International Training Programs for 2018-19 Last year, NIBAF organized two international training programs and a seminar on SAARC finance. Specifically, two international training programs, viz. 49th International Central Banking Course and 46th International Commercial Banking Course, were held under Pakistan Technical Assistance Program (PTAP) with joint support of SBP and Economic Affairs Division (EAD), Ministry of Finance. Foreign delegates from central/commercial banks of Fifteen (15) developing countries attended these programs.

In the 49th International Central Banking Course, 34 mid to senior level officials from central banks of Côte d’Ivoire, Ethiopia, Jordan, Gambia, Kyrgyz Republic, Sri Lanka, Zimbabwe, Afghanistan, Nepal, Maldives, Cambodia and State Bank of Pakistan participated. While in 46th International Commercial Banking Course, 20 senior level officials from countries including Côte d’Ivoire, Gambia, Cambodia, Algeria, Egypt, Zimbabwe, Mauritius and Afghanistan participated.

We strived to bring together central bankers and commercial bankers to share their experiences and also to learn from experts in the field, including industry practitioners and academics. Accordingly, besides class room learning activities, study-cum-observation tours were also arranged for the participants to export oriented industries of Pakistan and meet business community of Chamber of Commerce & industry.

NIBAF also hosted SAARC Finance seminar on “Internal Audit -Emerging Challenges and Effective Practices in Central Banks”. The seminar was attended by more than 35 senior level officials/delegates from the central banks of SAARC member countries including Afghanistan, Bangladesh, Bhutan, Nepal, Sri Lanka, and Pakistan. Specifically, the participants and speakers shared their experiences on various aspects of internal audit, risk management, digitalization, payment system and global audit practices.

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About International Courses/Seminars Our international programs aim to share knowledge and expertise and to promote human resource potential of regional financial institutions. Over the years, NIBAF has established itself as an executive development center in the field of Banking and Finance. The dynamic courses offered by this institute comprehensively cover operational, analytical and technical aspects of central banking, commercial banking and Islamic Banking. Besides training courses, NIBAF also offers services for conducting seminars and arranging workshops in the sphere of banking and finance. These services are provided to friendly countries to cope with the challenging and ever changing operational environment at both regional and global fronts.

The international programs are open to all friendly countries. These programs besides providing a platform for sharing insights and experiences, also develop networking among the participants. The ultimate objective is to adopt best practices and promote a healthy debate on critical issues and challenges facing the financial sector at regional and global level.

So far NIBAF has successfully conducted following training programs; »

International Central Banking Course - 49 iterations

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International Commercial Banking Course - 46 iterations

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English Language Course for Central Asian Republics (CARs) - 3 iterations

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Islamic Banking Course – multiple iterations

Besides the regular training programs, NIBAF has also conducted the following customized training programs: »

Fundamentals of Islamic Banking Operations

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General Banking Training Program

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Risk Management Course

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Banking Leadership Program - 2 iterations National Institute of Banking & Finance

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Similarly, NIBAF has also arranged a wide array of seminars/workshops with the cooperation of its Strategic Partners:

I.

Seminars under the aegis of SAARC Finance; a. Basel II enhancement and Policy Response of SAARC Countries. b. Monetary Policy Framework in the SAARC Region. c. Risk Frameworks in Banks. d. Program on Collaborative Research Study. e. Financial Consumer Protection in Banks. f. Payments System and Correspondent Banking in the SAARC Region. g. Digital Financial Services and Financial Inclusion in SAARC countries. h. Internal Audit-Emerging Challenges and Effective Practices in Central Banks.

II.

Islamic Research Training Institute, Islamic Development Bank and Riphah International University; a. International Conference on Islamic Business. b. Training of Trainers for Islamic Finance Professionals.

III. INCEIF- The Global University in Islamic Finance, Malaysia; Centre for conducting Exams of Certified Islamic Finance Professional.

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IV.

Asian Development Bank (ADB); Courses on Risk Management for Central Bankers.

V.

Informa Middle East; Certificate Course on Enterprise Risk Management.

VI.

A.F. Ferguson; Corporate Governance.

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VII. Ernst & Young Ford Rhodes (E&Y); International Financial Reporting Standards – IFRS. VIII. Toronto Centre To further build on these milestones, NIBAF has recently entered into a strategic partnership with Toronto Centre for Global Leadership in Financial Supervision (TC) that offers capacity-building programs for financial supervisors and regulators with specific reference to Risk Based Supervision.

Country - side visits

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Specialized Courses To stay true to its commitment of fulfilling the diverse training needs of stakeholders, NIBAF is constantly expanding its horizon and scope of training activities both domestically and internationally. In this regard, NIBAF offers specialized training programs in different areas of Economics, Banking, Finance and Management for entry, middle and senior level officials of financial institutions and other organizations. These need based trainings are arranged on requests of the concerned institutions/ organizations, which are customized to meet the specific requirements of the stakeholder.

Some of the mentionable topics - but not limited to - are tabled below: • Monetary Management.

• Banking Supervision.

• Payment & Settlement System.

• Foreign Exchange & Liability Management.

• SME & Housing Finance.

• Credit Administration & Risk Management.

• Internal Auditing & Data Analysis Tool.

• Entry Level Program for Com. Bankers.

• Entry Level Program for Central Bankers.

• Micro Finance.

• Management & Leadership Development Programs.

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Islamic Banking Certificate Course (IBCC) Islamic Banking Certificate Course (IBCC) is one of the flagship training programs of the NIBAF that is internationally recognized. This course provides a unique opportunity for in-depth understanding of banking and finance in the perspective of Islamic Shariah and practices. The program engages Islamic jurists, known scholars, bankers/practitioners having vast experience of Islamic Shariah, banking and finance. The course aims at to provide clear insights and concepts for effective implementation of Shariah based Islamic finance, and to promote Islamic banking industry. So far, NIBAF has conducted 45 iterations of the course and accredited quite a large number of banking and IFIs officials, including foreign participants. The training program comprises of a blend of presentations, interactive sessions, workshops and assignments. During the program, participants are assigned case studies and are evaluated for their performance. Only successful candidate are awarded certificate in Islamic Banking.

Other Certificate Courses Apart from its flagship Certificate course in Foreign Trade, NIBAF shortly to rollout new certification programs in AML/CFT, Currency Management and Operational Management of Commercial Bank.

NOTE: Institutions/Organizations interested in customized training programs or having any query regarding these programs are encouraged to contact at; ptapteam@sbp.org.pk

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International Training Programs FY 2019-20

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National Institute of Banking & Finance

International Training Programs – FY 2019-20 To stay vibrant to its commitment of fulfilling the diverse training needs of stakeholders, NIBAF is constantly expanding its horizon and scope of training activities both domestically and internationally. In this regard, NIBAF offers specialized training programs in different areas of Economics, Banking, Finance and Management for entry, middle and senior level officials of financial institutions and other relevant organizations. Need based trainings are arranged on the requests of concerned institutions/ organizations, which are customized to meet the requirements of respective institutions. These programs provide learning opportunity that meet all international standards at much lower cost.

Following programs are offered to international participants this year:

» 50 th International Central Banking Course » 47 th International Commercial Banking Course » 4th English Language Course for Central Asian Republics (CARs-Only) Salient Features  Candidates selected under PTAP would be entitled for economy class return air-ticket from the port of embarkation to Islamabad.  Living Allowance.  Free of cost training.  Free Boarding and lodging at NIBAF during their training.  Country side visit.  Weekend/evening trips to culturally and historically important nearby places.  Emergency causal medical facilities during course duration.

It may be noted that accommodation would be provided on twin sharing basis. In case a participant want to avail facility of single room an amount of US$ 300 would be charged from the participants.

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Eligibility Criteria »

Experience: Mid-level officials working in relevant areas with at least 3 years working experience.

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Age: Preferably below 40 years.

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Language: Proficiency in English is required as the courses are offered in English.

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IT: Computer proficiency is required - participants to set in computer lab for simulation exercises.

Please note that given the limited number of seats, selection is made on the basis of above mentioned criterion.

However, due consideration would also be given to regional representation, relevancy, experience, educational & cultural background and organization.

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Course Title: 50 th International Central Banking Course Duration & Schedule: Deadline for Application: Venue:

March 02-20, 2020 (3-weeks) January 17, 2020 NIBAF, Islamabad

Course Description This course aims to enhance understanding of the participants regarding central bank’s operation, latest developments and emerging issues faced by central banks around the world. The course covers core functions of central bank along with macro-economic framework and policy perspective of macro-economic modeling. It also deliberates on supervisory and regulatory role of the central bank with particular emphasis on financial stability, inclusion and growth. Besides these, AML/CFT related guidelines, structural adjustment and general economic/financial issues would also be covered.

Course content • Macroeconomic framework and Global Economic • Structural adjustment & stabilization programs; Developments; • Exchange rate, reserve management & treasury • Monetary policy by central bank; operations; • Payment and settlement system: cross border • Foreign exchange market, money market, debt payments & anti money laundering; instruments and open market operations; • Balance of payment and international capital flows; • Financial sector reforms & central banks role in • Debt management; financial stability; • Banking supervision, regulation; • Financial crisis & risk management; • Merger & acquisition and corporate governance.

Target Audience Mid- to senior-level officials from central bank/monetary authority and ministry of finance, who are involved in monetary policy formulation, central banking, financial sector supervision/regulation and conducting research used in the design and implementation of macroeconomic policy.

Pre-Requisites Participants should have a degree in economics or finance or equivalent work experience, good quantitative skills, and proficiency in the use of computer to analyze data and to make country presentation.

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Course Title: 47th International Commercial Banking Course Duration & Schedule: Deadline for Application: Venue:

March 02-20, 2020 (3-weeks) January 17, 2020 NIBAF, Islamabad

Course Description This course is designed to provide participants with interactive exposure to commercial bank’s operation in the light of emerging global financial environment/standards.

In particular, the course highlights the importance of central bank supervision and regulation of financial institutions. The course also discusses risk-based supervision standards, corporate governance, foreign trade finance, financial market structure & instruments, treasury management, new capital adequacy framework/Basel Accord etc. This course also provides a forum to participants of different regulatory agencies to exchange views on their experiences in micro and macro-prudential policies including emerging challenges and issues.

Course content • Role of banking in economic development; • Lending & investment operations; • Foreign trade finance; • Structure of the financial systems, markets & instruments; • Non-conventional/Islamic banking & finance; • AML/CFT; • New capital adequacy/BASEL-II & III;

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Banking operations - products & services; Credit management and asset quality appraisal; Treasury management; Foreign exchange market operations; Central and commercial bank relationships/ regulatory framework; Management of banks failures and risks; Globalization of financial services & financial innovations.

Target Audience Mid- to senior-level officials in commercial banks/ financial institutions.

Pre-Requisites Participants should have a degree in accounting, finance, banking, business, economics, or equivalent work experience, good quantitative skills, and familiar with the topics to be covered in the course and to make country presentation.

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Course Title: 4th English Language Course for Central Asian Republics (CARs) only Duration & Schedule: Deadline for Application: Venue:

February 10-28, 2020 (3-weeks) January 03, 2020 NIBAF, Islamabad

Course Description The course aims at enriching English language proficiency of participants by developing and sharpening their knowledge and skills in structural English.

This program would help them express and articulate their thoughts and ideas in coherent manner. In particular, the training focuses on improving skills in business communication, presentation and public speaking.

Methodology: The training methodology involves presentations, lectures, individual and group exercises, and discussions. The focus will be on implementing the main techniques and tools, where applicable.

Prerequisites: The course is designed for middle level officers of central banks/financial institutions and various government institutions/organizations who have at least 3 years of working experience and belong to the Central Asian Republics (CARs) countries of Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, Turkmenistan and Azerbaijan.

End of Course Activities: Participants would be required to make a country presentation.

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SAARCFINANCE SEMINAR DURING 2019-20

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SAARCFINANCE is a network of the SAARC Central Bank Governors and Finance Secretaries, established in 1998 to conduct dialogue on macro-economic policies of the region and share ideas and experiences of member countries.

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Starting in 2002, the State Bank of Pakistan has so far organized a number of Seminars, a Governors symposium, and several Staff Exchange Programs being held at NIBAF.

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Under the ambit of SAARCFINANCE, two important seminars are scheduled at NIBAF on thematic topics with an objective to learn from the experiences and practices pursued by member SAARC central banks; 1. Emerging Trends in Good Governance of Banking Sector (December, 2019) 2. Macro prudential Policy Framework, Tools and Implementation in the SAARC Region (March-April, 2020)

Besides country papers, SAARCFINANCE seminars provide a platform where eminent scholars from relevant fields share their thoughts and experience on the topics.

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Application Process / Administrative Details All applicants are required to send duly filled application form contained in the brochure. The form can also be downloaded from NIBAF website www.nibaf.gov.pk Applicants are required to complete all necessary formalities mentioned in the form and submit it along with 06 passport sized photographs and a copy of passport (with at least 6-month validity).

Applicants are advised to strictly observe the deadlines for applying to any of the selected course. Kindly email a scanned copy of duly filled form to ptapteam@sbp.org.pk Selected applicants will receive an acknowledgment/confirmation in due course.

Visa Selected candidates will be intimated to approach the relevant Pakistan Embassy /High Commission in their country in order to complete all necessary formalities in time, and obtain visa for the entire duration of the course. Applicant would bear the applicable visa fee.

Facilities PTAP Nominee • • • •

Selected candidate would be provided with free return economy class air ticket upon receiving the acceptance for attending the course.

Free boarding and lodging at NIBAF for the entire period of the course.

Free participation in study tours / weekend trips.

Free airport transfers in Islamabad.

Self-Finance Applicant • • •

Participation fee is US$ 5,500 per head.

Applicants have to arrange for their return ticket themselves after receiving the acceptance letter from NIBAF The course fee including cost of boarding and lodging at NIBAF for the entire period of the course; tuition fee and cost of study materials, inland study tours/weekend trips, airport transfers in Islamabad.

Health • The selected applicant is required to get the Medical Certificate (attached) signed by a practicing doctor in their country, counter verified by the nominating officer/agency.

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The applicant should check with the Pakistan Embassy/High Commission in the respective country, for specific health requirements for traveling to Pakistan.

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The applicant must fulfill international health standards for traveling into Pakistan, otherwise they may face health screening at international airports. In case of being quarantined by health authorities at either of the airports, charges/cost involved, if any, for the same will be paid by the participant/nominating institutions.

Travel boarding and lodging • Participants must ensure to check-in at NIBAF one day before the course begins.

• Participants are required to intimate NIBAF about their travel itinerary in advance by email, enabling us to arrange pick/drop facility upon arrival at Islamabad International Airport.

• Airline baggage standards may be followed to avoid problem of excess baggage at airports.

Local Laws • Use of liquor/drugs is strictly prohibited in Pakistan. Participants are required to observe local rules, regulations and cultural norms during their stay.

• Participants should bring 6 passport size photographs for registration with local authorities in Pakistan and keep copies of valid passports handy at all times during their stay.

• Currency exchanges are easily accessible from NIBAF, US dollar and Euro are accepted international currencies.

Special Requirements • In case of any special needs or requirements (e.g. dietary needs), please inform us while applying for the course so that we can accommodate any such needs as fully as possible.

Dress Code • Formal business attire is recommended for class room training, official reception; photograph and during meetings with executives.

• The climate generally varies throughout the country, characterized by hot summers from April to September and cold winters spanning from October to March (occasional rains). Since air-conditioning inside NIBAF training halls is very effective, it is advised to dress up accordingly.

Working Hours The normal working hours for all training programs are from 9.00 a.m. to 5.00 p.m. All participants are expected to be present for the entire duration of the class, and should not, therefore, engage in any other extra-curricular assignments/appointments during the class timings.

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Study Tour Apart from class room training a study cum observation tour is arranged to various cities of Pakistan during which visits to financial & government institutions besides places of cultural/historical importance are planned.

Payment for Self Finance Participants The application forms contained in this brochure are applicable for candidates who wish to apply on self-finance basis and/or organizations sponsoring one or more candidates for participation in the courses. All payments can be made by bank draft payable to the below mentioned:

Payment - Self Finance Participants National Institute of Banking and Finance Account-496501, SBP BSC (BANK), State Bank of Pakistan, Islamabad, Pakistan or Through electronic transfer SWIFT Code: SBPPPKKA, State Bank of Pakistan, Karachi PK

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Application Form

National Institute of Banking and Finance State Bank of Pakistan Application Form Pakistan Technical Assistance Program (2019-20) 50th International Central Banking Course (02-20 Mar, 2020)

47th International Commercial Banking Course (02-20 Mar, 2020)

4th English Language Course for Central Asian Republics only (10-28 Feb, 2020)

Last date to apply: 17th Jan, 2020

Last date to apply: 17th Jan, 2020

Last date to apply: 3rd Jan, 2020

Self-Finance Candidate

Name of the Sponsoring Institution:

PTAP Nominee

Applicant Details First Name:

Middle Name:

Last Name:

Gender:

DOB (DD/MM/YY):

Nationality:

Passport Number:

Issuing country:

Valid until (DD/MM/YY):

Academic Qualification:

Professional Experience (Years):

At current Job Since:

Current Job Information Job Title:

Division/Section:

Department:

Agency/Organization Name:

Agency/ Organization Address:

Official Email:

Telephone (with country and city code):

Fax Number (with country and city code):

Cell Number (with country code):

Summarize your main job assignments as they relate to the subject of the course.

Please note that the application will not be processed without adequate description of duties.

IMPORTANT : Please read the course description and qualifications to ensure that you are qualified for the course to which you are applying. (Max. 200 words)

Are there any specific topics or issues that you are interested in and would particularly like to discuss during the course? (max. 200 words)

What positive effects do you expect this course to have on your work? (max. 200 words)

Sponsor’s Nomination and Certification Form Sponsor Details Last Name

Middle Name

First Name Designation:

Department:

Division/Section:

Agency Name:

Agency Address:

Email ID:

Email ID: Telephone (with country and city code):

Fax (with country and city code):

I, the undersigned, acting on behalf of the above agency where the applicant is employed, hereby: • Certify that the information supplied by the applicant on the preceding page is correct; • Certify that the participant is in good health, free from any contagious disease and free from any pre-existing medical condition (including pregnancy) or physical handicap, which could impair attendance at the course; • Understand that participant or their sponsoring agency is responsible for purchasing the participant’s roundtrip air ticket and making all travel arrangements (only those participating on self-finance basis).

Date:

Sponsor Signature:

Agency Seal:

Inquiries & Communications ptapteam@sbp.org.pk Telephone: +92-51-9269840 - 41 Fax: +92-51-9269835-36

Medical Certificate Mr./Ms./Mrs. _________________________________________ has been examined on ______________________ and I certify that he/she is NOT suffering from Coronary Artery Disease/Hypertension/Chronic Amoebiasis/Chronic Malaria/HIV or any other infectious or life threatening disease. I also certify that the nominee is healthy and fit to undertake the course and associated travel.

In case the nominee is suffering from any disease please give a brief account of treatment and present medication:

Signature & Stamp of Medical Officer

Signature & Stamp of Nominating Officer

Contact Details Address:

National Institute of Banking and Finance Sector H-8/1 Pitras Bukhari Road, Islamabad, Pakistan – Post code: 44000 Phone: +92-51-9269850-58 (9 lines) Fax: +92-51-9269835-36

National Institute of Banking & Finance

Sector H-8/1, Pitras Bukhari Road Islamabad, Pakistan PABX: (+92-51-9269850-56) Fax: (+92-51-9269835-36) www.nibaf.gov.pk Printed at the State Bank of Pakistan, SBP BSC, Printing Press, Karachi--(000)--00-00-2018--000