Payments and Securities Settlement Systems in Pakistan
The South Asia Payments and Securities Settlement Initiative (SAPI) objective is to describe and assess the payments and securities settlement systems of the countries of South Asia with a view to identifying possible improvement measures in their...
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| Language: | English en_US |
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Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/980271468306560764/Payments-and-securities-settlement-systems-in-Pakistan http://hdl.handle.net/10986/27571 |
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okr-10986-275712021-04-23T14:04:43Z Payments and Securities Settlement Systems in Pakistan World Bank PAYMENTS AND SECURITIES SETTLEMENT SYSTEMS ECONOMIC AND FINANCIAL MARKETS FINANCIAL REFORM FINANCIAL SECTOR BANKING SECTOR LEGAL FRAMEWORK SECURITIES MARKET PARTICIPANTS PAYMENTS SECURITIES DERIVATIVES ROLE OF FINANCIAL INSTITUTIONS EXCHANGES CLEARING HOUSES CENTRAL DEPOSITORIES MARKET STRUCTURE AND REGULATIONS ROLE OF THE CENTRAL BANK Monetary Policy BANKING SUPERVISION ANTI-MONEY LAUNDERING MEASURES ROLE OF THE SECURITIES REGULATOR PAKISTAN BANKS' ASSOCIATION PAYMENT MEANS AND INSTRUMENTS DIRECT CREDITS DIRECT DEBITS POSTAL INSTRUMENTS INNOVATIVE RETAIL PAYMENT INSTRUMENTS PAKISTAN REMITTANCE INITIATIVE (PRI) INTERBANK EXCHANGE AND SETTLEMENT CIRCUITS LOW-VALUE PAYMENT SYSTEMS LARGE-VALUE PAYMENT SYSTEMS CROSS-BORDER PAYMENT SETTLEMENT SYSTEMS SECURITIES IDENTIFICATION CODE TRANSFER OF OWNERSHIP COLLATERAL GOVERNMENT SECURITIES PRIMARY MARKET SECONDARY MARKET STOCK EXCHANGE TRADING OVER THE COUNTER (OTC) MARKET STOCK EXCHANGES CLEARING INSTITUTIONS SECURITIES DEPOSITORIES GUARANTEE SCHEMES SETTLEMENT RISKS OPERATIONAL RISKS PAYMENTS SYSTEM OVERSIGHT The South Asia Payments and Securities Settlement Initiative (SAPI) objective is to describe and assess the payments and securities settlement systems of the countries of South Asia with a view to identifying possible improvement measures in their safety, efficiency and integrity. To assure quality and effectiveness, the SAPI includes two important elements. First, all studies are conducted with the active participation of country officials and the project builds on the existing work being undertaken in the respective countries. Second, the initiative draws on international and national expertise to provide guidance, advice and alternatives to current practices. This report, payments and securities settlement systems in Pakistan, is the first of the public reports in the SAPI series and was prepared with the active support of the State Bank of Pakistan. Economic developments in Pakistan during the last decade have-to a significant extent-been influenced by the Government's program for poverty reduction and the development of markets and the real economy. However, the economic development slowed down in 2008 and 2009, as the macroeconomic situation deteriorated significantly owing to adverse security developments, large price increase of some commodities such as oil and food, global financial turmoil, and national political and security issues. This strong macroeconomic performance resulted from the implementation of a series of important structural reforms. In the early 2000s, the government expanded the role of markets in the economy, privatized a number of large state-owned enterprises, established market-based regulatory bodies, and took steps to reduce the cost of doing business in Pakistan. 2017-07-17T18:45:26Z 2017-07-17T18:45:26Z 2010-04 Report http://documents.worldbank.org/curated/en/980271468306560764/Payments-and-securities-settlement-systems-in-Pakistan http://hdl.handle.net/10986/27571 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work :: Other Financial Sector Study Economic & Sector Work South Asia Pakistan |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
PAYMENTS AND SECURITIES SETTLEMENT SYSTEMS ECONOMIC AND FINANCIAL MARKETS FINANCIAL REFORM FINANCIAL SECTOR BANKING SECTOR LEGAL FRAMEWORK SECURITIES MARKET PARTICIPANTS PAYMENTS SECURITIES DERIVATIVES ROLE OF FINANCIAL INSTITUTIONS EXCHANGES CLEARING HOUSES CENTRAL DEPOSITORIES MARKET STRUCTURE AND REGULATIONS ROLE OF THE CENTRAL BANK Monetary Policy BANKING SUPERVISION ANTI-MONEY LAUNDERING MEASURES ROLE OF THE SECURITIES REGULATOR PAKISTAN BANKS' ASSOCIATION PAYMENT MEANS AND INSTRUMENTS DIRECT CREDITS DIRECT DEBITS POSTAL INSTRUMENTS INNOVATIVE RETAIL PAYMENT INSTRUMENTS PAKISTAN REMITTANCE INITIATIVE (PRI) INTERBANK EXCHANGE AND SETTLEMENT CIRCUITS LOW-VALUE PAYMENT SYSTEMS LARGE-VALUE PAYMENT SYSTEMS CROSS-BORDER PAYMENT SETTLEMENT SYSTEMS SECURITIES IDENTIFICATION CODE TRANSFER OF OWNERSHIP COLLATERAL GOVERNMENT SECURITIES PRIMARY MARKET SECONDARY MARKET STOCK EXCHANGE TRADING OVER THE COUNTER (OTC) MARKET STOCK EXCHANGES CLEARING INSTITUTIONS SECURITIES DEPOSITORIES GUARANTEE SCHEMES SETTLEMENT RISKS OPERATIONAL RISKS PAYMENTS SYSTEM OVERSIGHT |
| spellingShingle |
PAYMENTS AND SECURITIES SETTLEMENT SYSTEMS ECONOMIC AND FINANCIAL MARKETS FINANCIAL REFORM FINANCIAL SECTOR BANKING SECTOR LEGAL FRAMEWORK SECURITIES MARKET PARTICIPANTS PAYMENTS SECURITIES DERIVATIVES ROLE OF FINANCIAL INSTITUTIONS EXCHANGES CLEARING HOUSES CENTRAL DEPOSITORIES MARKET STRUCTURE AND REGULATIONS ROLE OF THE CENTRAL BANK Monetary Policy BANKING SUPERVISION ANTI-MONEY LAUNDERING MEASURES ROLE OF THE SECURITIES REGULATOR PAKISTAN BANKS' ASSOCIATION PAYMENT MEANS AND INSTRUMENTS DIRECT CREDITS DIRECT DEBITS POSTAL INSTRUMENTS INNOVATIVE RETAIL PAYMENT INSTRUMENTS PAKISTAN REMITTANCE INITIATIVE (PRI) INTERBANK EXCHANGE AND SETTLEMENT CIRCUITS LOW-VALUE PAYMENT SYSTEMS LARGE-VALUE PAYMENT SYSTEMS CROSS-BORDER PAYMENT SETTLEMENT SYSTEMS SECURITIES IDENTIFICATION CODE TRANSFER OF OWNERSHIP COLLATERAL GOVERNMENT SECURITIES PRIMARY MARKET SECONDARY MARKET STOCK EXCHANGE TRADING OVER THE COUNTER (OTC) MARKET STOCK EXCHANGES CLEARING INSTITUTIONS SECURITIES DEPOSITORIES GUARANTEE SCHEMES SETTLEMENT RISKS OPERATIONAL RISKS PAYMENTS SYSTEM OVERSIGHT World Bank Payments and Securities Settlement Systems in Pakistan |
| geographic_facet |
South Asia Pakistan |
| description |
The South Asia Payments and Securities
Settlement Initiative (SAPI) objective is to describe and
assess the payments and securities settlement systems of the
countries of South Asia with a view to identifying possible
improvement measures in their safety, efficiency and
integrity. To assure quality and effectiveness, the SAPI
includes two important elements. First, all studies are
conducted with the active participation of country officials
and the project builds on the existing work being undertaken
in the respective countries. Second, the initiative draws on
international and national expertise to provide guidance,
advice and alternatives to current practices. This report,
payments and securities settlement systems in Pakistan, is
the first of the public reports in the SAPI series and was
prepared with the active support of the State Bank of
Pakistan. Economic developments in Pakistan during the last
decade have-to a significant extent-been influenced by the
Government's program for poverty reduction and the
development of markets and the real economy. However, the
economic development slowed down in 2008 and 2009, as the
macroeconomic situation deteriorated significantly owing to
adverse security developments, large price increase of some
commodities such as oil and food, global financial turmoil,
and national political and security issues. This strong
macroeconomic performance resulted from the implementation
of a series of important structural reforms. In the early
2000s, the government expanded the role of markets in the
economy, privatized a number of large state-owned
enterprises, established market-based regulatory bodies, and
took steps to reduce the cost of doing business in Pakistan. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Payments and Securities Settlement Systems in Pakistan |
| title_short |
Payments and Securities Settlement Systems in Pakistan |
| title_full |
Payments and Securities Settlement Systems in Pakistan |
| title_fullStr |
Payments and Securities Settlement Systems in Pakistan |
| title_full_unstemmed |
Payments and Securities Settlement Systems in Pakistan |
| title_sort |
payments and securities settlement systems in pakistan |
| publisher |
Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/980271468306560764/Payments-and-securities-settlement-systems-in-Pakistan http://hdl.handle.net/10986/27571 |
| _version_ |
1764464906393878528 |