2.

1 SWOT Analysis:
2.1.1 Strengths
· Strong internal control for transactions therefore no fraud has ever been done
The structure of verification, authorization, checking and counter checking of
transactions is very sophisticated, reliable and strong. This is the major reason why
fraud and false payment cases are rare in SBP-BSC.
· Job security, good salary packages and benefits for employees attract and
retain talent.
Employees of SBP-BSC enjoy good salary packages and benefits. For example
interest free loans are given for building house and buying car etc. employees feel
secure because of the permanent nature of job. Therefore young and talented
candidates opt for SBP-BSC posts. Senior employees enjoy more benefits in the form
of recognition and other fringe benefits which work to retain them.
2.1.2 Weaknesses
· Technological backwardness
Unlike most of the Central Banks of other countries SBP-BSC is not updated in
technology. They are using old Pentium processor computers and CRT monitors. The
GLOBUS software used is not updated. Computers and GLOBUS software was
introduced in 2003 and they are in the same form, not updated. This causes system
freezes and hang ups and hence time wastage.
· Latest procedures and best practices are not adopted
Just like computing technology, the procedures are not updated and best practices of
the similar organizations are not adopted, which is causing stagnation. SBP-BSC has
to work with other institutes and conduct regular research to develop and modify their
procedures.
· Staff is not well trained in IT
SBP-BSC employees in general and imputers should be trained at least for improving
their typing speed. It will speed up the payment process and entry system.
2.1.3 Opportunities
· Investment in IT and latest technology
There is a great opportunity for SBP-BSC to invest in latest technology. By replacing
the present system of physical movement of cheque for clearance with image based
clearance system like Cheque Truncation System (CTS) SBP can enable commercial
banks to offer new products and services. It could be a source of earning for SBP and
would also help achieve its goal of providing a facilitating financial market.
2.1.4 Threats
· Political instability and pressure can harm the operations of SBP
Frequently changing governments and their policies harm the functionality and
consistency of SBP-BSC policies.
· Excessive government borrowings
Excessive borrowings of the present government is making difficult for SBP to
maintain foreign exchange reserves.
· Circulation of fake currency
A huge amount of fake currency is floating in the market which is causing inflation in
the economy and is devaluing rupee. Fake money makers have improved the quality
of their fake notes and it is hard for general public to distinguish them from original
currency notes.