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Presented By:GROUP-D
Yousra Sattar (Group Leader) Mehran
University of Engineering And
Technology(MUISTD)
Marvi Ashraf
University of Sindh (Jamshoro)
Muhammad Usman
NUML (National university of modern
language)
Sadam Ali Balal
University of Sindh (Dadu)
Taskeen Siddiqui
NUML (National university of modern
language)
Mahnoor Yaseen
University of Sindh (Jamshoro)
DEPARTMENT ASSIGNED
FEOD/DFSU
SUPERVISED BY
Muhammad SuhaibSiddiqui
ACM (FEOD/DFSU)
Syed Ghulam Ali Shah Officer (DFSU)
Arslan Rafique Officer (FEOD)
FEOD (Foreign Exchange Operation Department)
Operational arm of EPD (Exchange Policy
Department)
Operates under the ambit of FERA (1947),
Foreign Exchange Manual 2017 (9th edition)
FEOD (Foreign Exchange Operation Department)(contd..)
Divided into four
units namely:
Returns unit
Exports unit
Imports + Remittances Unit
Over due & enforcement unit
FEOD (Foreign Exchange Operation Department)(contd..)
AUTHORIZED DEALERS (AD):
• Under section 3 of FERA (1947), the SBP may, on Application, Authorize any Schedule Bank to deal in Foreign Exchange.
• It acts as an intermediary between Exporter/ importer, and Bank.
• SBP BSC Hyderabad, has around 150 ADs, falling under its jurisdiction.
FEOD (Foreign Exchange Operation Department)(contd..)
RETURNS UNIT
• Collect, analyze, segregate, scrutinize and compile A.D wise statistics of monthly forex returns as submitted by around 150 ADs falling under the jurisdiction of SBP-BSC Hyderabad
• Distributes each file of different document to their concerned unit.
EXPORTS UNIT
• Scrutiny of E-Forms
• Payment of subsidies against exports (DLTL & DDT)
• Deal with the cases of Export Against Advance Payment.
FEOD (Foreign Exchange Operation Department)(contd..)
IMPORT/REMITTANCE UNIT
• Handling cases regarding imports
• Granting approvals for Outward commercial, private and Government foreign exchange remittances.
OVERDUE AND ENFORCEMENTS UNIT
• Monitoring of Export Overdue Cases
• To ensure repatriation of export proceeds
• FEAD
DFSD (Developmental Finance Support Department)
Working of
DFSD:
Implement policies of
Development Finance Group
(DFG), SBP.
Facilitate expansion of
financial inclusion in un-banked areas.
Continuous interaction with
the stakeholders.
Monitor activities regarding
biannually Focus Group Meetings in field offices.
DFSD (Developmental Finance Support Department)(Contd..)
• CFC (customer facilitation center)
• AFU (Access to finance unit)
• RSU (Refinance Scheme unit)
• Onsite verification
DFSD
units:
DFSD (Developmental Finance Support Department)(Contd..)
Access to Finance Unit:
• Arranging Agri/SME related Focus Group Meetings.
• Participating in different Awareness Programs/ Exhibitions organized by other stakeholders to represent SBP interventions.
Complaint Facilitation Center:
• Handling complaints received from public against banks.
DFSD (Developmental Finance Support Department)
(Contd..)
SBP BSC HYD Awareness Campaign to Promoting
SME & Micro Business Oriented Entrepreneurship
at Quaid-e-AwamUniversity Nawabshah On
19-4-2017
Refinance scheme unit:
• Processing refinance cases under SBP Refinancing Schemes.
Onsite verification:
• Making visits to ADs for verification of all the documents provided by them for Export refinance scheme.
• On-site verification manual – July 2017
DFSD (Developmental Finance Support Department)(Contd..)
DFSD (Developmental Finance Support Department)(Contd..)
EXPORT REFINANCE SCHEME
To boost up exports in our country.
PART-1 (Transaction based)
• Pre-shipment
• Post-shipment
PART-2 (Performance based)
• Pre-shipment
• Post-shipment
Export Finance Scheme-1AD grant loan to
exporter
AD request the SBP-BSC for Refinance
SBP-BSC scrutinizes the application
Under EFS-1, the exporter is financed for the period of 180 daysAfter 180 days, the exporter is
required to make repayment of loan with 3% mark-up.
With in the 210 days, AD submit the Annexure-D at SBP-BSC as a proof of shipment and EPRC
as proof that export proceeds have realized.
Fines Under EFS-1FINE CHARGES ON FINE
Short Shipment Fine 28 paisa per RS.1000/-,
Non-Shipment Fine 37 paisa per 1000 rupees
Delayed Shipment Fine 28 paisa per 1000
Misreporting Fine Rs.100 per incorrect data is charged but this fine will not exceed from Rs.1000.
EXPORT FINANCE SCHEME-2Exporter is financed by
AD
Exporter submit the EE-1 & EF-1 statement at SBP-BSC concerned office through AD.
Under EFS-2, the exporter avail the loan on the basis of
previous year’s performance
The maximum tenor of the loan under Part‐II of the scheme is 180 days which could be rolled over for another 180 days subject to showing at least 70% shipment of loan availed in
initial 180 days.
Fines Under EFS-2
Nature of Irregularity Rate of Fine
Fine for wrong information and incorrect reporting / entry in statement EF‐1, EE‐1.
Rs.100 per wrong entry
Short‐fall in performance Paisa 37 per Rs.1000 or part thereof.
Fine for any other default by the exporter/bank Paisa 37 per day per Rs.1000
Duplication/ double utilization of E Form in both parts Rs.100 per entry will be charged for misreporting