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Economics Ch#05
 
FAROOQ KHAN 
 
Contact#0333-2446951
 
Miss UROOJ 
 
Economy of 
Pakistan
Prepared by:Farooq Khan1
 
Economics Ch#05
FINANCIAL SECTOR OF PAKISTAN
Prepared by:Farooq Khan2
 
Economics Ch#05
Banks
Bank definition by kinley’s.“An establishment which makes to individual such advances of money orother needs of payments as may be required and safely made and to which individual entrust money or means of payment when not requiredfor use by them”. Types of banks are as under:
•
Scheduled bank
•
Non-scheduled bank
SCHEDULED BANK:
Scheduled bank means enlisted bank. It means that the bank which is enlisted as a recognized bank with the central bank is known asscheduled bank.Every scheduled bank has to fulfill certain conditions. In Pakistanall scheduled banks must keep at least 5% of their total deposit asreserve with the State Bank of Pakistan. They also required to submit weekly returns to the State Bank Of Pakistan.
Non-Scheduled Bank:
Such banks that are not enlisted in the schedule of the centralbank is called non-scheduled bank. These banks don’t fulfill the requiredqualifications of a scheduled bank as prescribed by the central bank.
STRUCTURAL CLASIFICATION:
Banks can be classified on the basis of their structure. Which areas under.
a)Branch Banking: 
Under branch banking system, banking business is carriedon through a network of branches in the same town or country underthe guidance and control of 1 single head office. These branches mayalso be located in side and outside of the country. This system of 
Prepared by:Farooq Khan3
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