State Bank of Pakistan Young Professionals Induction Program (YPIP) – 8th Batch announced

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The Young Professionals Induction Program (YPIP) is one of the starting points of an exciting career at SBP Banking Services Corporation for those who have passion for career development and leadership potential to grow in enthralling technical and managerial roles. It is a unique opportunity for young talent to gain exposure to central banking operations.

The program is specifically designed for highly qualified, motivated and dynamic individuals skilled in areas relevant to SBP BSC such as Economics, Finance, Mathematics, Information Systems & Technology, Commerce, Business Administration, Public Administration, Accounting, Human Resources, and Agriculture.

We value diversity in our workplace and encourage qualified men and women with diverse academic and cultural backgrounds to apply. Since 2010, the YPIP program has hired around 500 people who are holding positions from entry level to middle management positions. Candidates selected under YPIP are offered a permanent position of Officer Grade-2 at SBP BSC, spend 12 weeks in a structured development program at National Institute of Banking & Finance (NIBAF), and enjoy a variety of benefits and opportunities.

Eligibility

Masters or Bachelors Degree with 16 years of education from HEC Recognized universities/institutes or reputable foreign universities in Business Administration, Public Administration, Economics, Commerce, Finance, Accounting, Information Systems & Technology, Mathematics, Human Resources, Agriculture with minimum 60% marks where percentage system applies and minimum 2.5 out of 4.0 or 3.5 out of 5.0 CGPA where GPA system applies. Foreign degree holders are required to submit Equivalence Certificate duly issued by HEC at the time of interview to validate that they possess 16 years of education, failing to do so shall make the applicant ineligible against the said position. Candidates awaiting final results as of last date of submission of applications are not eligible to apply.

  • Maximum 26 years as of last date of submission of applications to SBP BSC.
  • Age limit will be relaxed by 03 years for candidates from FATA/Gilgit Baltistan, Balochistan and Azad Jammu & Kashmir.
  • Age limit will be relaxed by 05 years for existing employees of SBP or any of its subsidiaries subject to meeting other eligibility criteria.

During Residential Theoretical Training at NIBAF:

  • Stipend of Rs. 41,000/- per month
  • Free Boarding and Lodging
  • Medical Facility for self

After Appointment as OG-2:

  • Monthly monetized salary of Rs. 82,000/-
  • Mobile/Telephone Allowance
  • Medical Facility for self and eligible dependents, as per Bank’s rules
    • In-House Free OPD
    • In-House Free Pharmacy
    • OPD/Emergency Treatment at Partner Hospitals/Clinics
  • Group Term Assurance
  • Loan Facilities including Personal Loan, Computer Loan, Car Loan and House Building Advance

 For details: http://www.sbp.org.pk/careers/sbpbsc/2019/YPIP-OG2.htm?fbclid=IwAR1eTDnF8d-yfyvQmiH9HjvIZ0QaPTg6s1x3PF1kkyzxZABc9Mk_9nYGF7w

Free financial literacy workshop sponsored by the State Bank of Pakistan

kpAre you a university student interested in starting your own business one day?

IF the answer is yes, you’re in luck! Sign up for a free financial literacy workshop sponsored by the State Bank of Pakistan, complete with certification!

The session will be carried out by a well-renowned Singaporean financial literacy expert. Limited seats only!

For more details, follow the link – https://tinyurl.com/yaokorxo

Courtesy: Knowledge Platform

UAE to deposit US$3 billion in State Bank of Pakistan

uaeABU DHABI (Monitoring Desk): A month after Prime Minister Imran Khan meeting with Prime Minister of the UAE, Sheikh Mohammed bin Rashid Al Maktoum, the United Arab Emirates announced its intention to deposit US$3 billion (equivalent to AED11 billion) in the State Bank of Pakistan to support its financial and monetary policy, Emirates News Agency said Friday.

The Abu Dhabi Fund for Development said, in a statement today, that it will deposit the said amount in the coming days to enhance liquidity and monetary reserves of foreign currency at the central bank.

The country’s support for Pakistan’s fiscal policy is based on the historical ties between the two people and the two friendly countries and the desire to further develop the bilateral cooperation in all fields.

The Abu Dhabi Fund for Development has financed eight development projects in Pakistan with a total value of AED1.5 billion, including AED931 million in grants. The funds covered projects in sectors such as energy, health, education and roads.