Alumni Profiles

Ulfat Hussain Shah

Organization Information

I am working in The State Bank of Pakistan Banking Services Corporation (SBP-BSC) which was established as a wholly owned subsidiary of State Bank of Pakistan in January, 2002, under the SBP Banking Services Corporation Ordinance 2001.

As an operational arm of the Central Bank, SBP Banking Services Corporation is engaged in managing currency, foreign exchange operations and foreign exchange adjudication; providing banking services to the federal and provincial governments and financial institutions regulated by State Bank of Pakistan, conducting development finance activities in support of the development finance group of the SBP, implementing export refinance schemes, and performing agency functions like sale/purchase of national prize bonds including managing prize money draws, sale and purchase of national saving schemes or any other functions assigned by State Bank of Pakistan.

Describe the work that you do in your role

I am working in Foreign Exchange Operations Division of State Bank of Pakistan Banking Services Corporation SBP BSC Lahore. My job description is receiving and scrutinizing monthly foreign exchange returns from all banks in Lahore region and conducting on site examination and paying surprise visits to banks dealing with foreign exchange and exchange companies to check the provisions of foreign exchange related services provided to general public.

Indicate previous experience and/or areas of career proficiency/achievenments

Before joining State bank, i did my 6 weeks internship from National Fertilizer Corporation Head Office Mall Road Lahore. Later on I joined State Bank of Pakistan in February 2017 and was posted at Sialkot office. After serving for more than 1.5 years in Sialkot, I was transferred to Lahore office.

Describe your success in your professional life and achievements

Working for one's Country Central bank will be a dream of every commerce student because your team work effect will be on your country's economy and its operations and thats a moment of proud for you when you think about it.
I am successfully contributing to my organization as in year 2018-2019, I conducted on site examination of 72 branches of different banks and 12 branches of different exchange companies.
I developed two business process reengineering projects to bring efficiency in my work.

Write your activities and achievement if you were member of any club or society in UMT?

I worked as Incharge newsletter in Accountant Club of School of Commerce and Accountancy UMT in year 2016.I and my team organized SCA Fun Dinner to celebrate SCA's success regarding CA and ACCA's Papers

What do you remember about your time in ILM / IMT /UMT?

I used to miss those golden days of my life. Specially the time that i have spent with my friends during assignment and presentation preparation.