MUHAMMAD ALI

• Liaise with External Stakeholders to secure Interview Slots with Companies, different Government Departments (Agriculture Department, Health Department, Education Department etc.)
• Conduct Interviews with Business Leaders Across different Sectors i.e., CEOs/CFOs across various Sectors (Agriculture, LSM, Services etc.) - 10 Interviews per Month
• Prepare reports on key focus areas based on insights gathered from Businesses - 4-5 Reports per month
• Prepare and Submit Issues in Focus to Monetary Policy Committee (MPC) - 4-5 Issues in Focus per Month
• Enhance economic forecasting accuracy by conducting thorough research and analysis on market trends and indicators.
• Disseminated research projects with written reports, articles and presentations.
• Advised policymakers on effective strategies for addressing pressing economic challenges through evidence-based research findings.
• Assisted in formulating strategic economic policies by integrating key economic insights and considerations into actionable recommendations.
• Fostered a culture of continuous improvement within the economic analysis team through regular training sessions and knowledge sharing activities - 1-2 training sessions per quarter
• Identified growth opportunities within different sectors through rigorous analysis of market conditions and competitor performance - 1-2 Sectors for each Forecast Committee Meeting

• Supervised conducted of Pre-Audit of cases submitted to higher management for Approval - 100 Cases per Month
• Supervised Scrutiny and Payment of Refinance Cases under SBP's Concessionary Schemes e.g., for projects such as Renewable Energy , SME Modernization, Women Entrepreneurship etc.
• Ensured Compliance of Cases to Organizational Policies and SOPs - covering 20 different areas
• Liaison with External Auditors and Government Auditors for resolution of Audit Paras etc. - 6-8 Assignments a Year
• Streamlined audit processes for improved compliance and reduced operational risks e.g., Introduced and Implemented Audit Management System (AMS) developed on MS Access to keep a track of Compliance Level

• Ensure Regulatory Compliance on Part of Banks against SBP's Currency Management Policies i.e., Compliance to SBP's Currency Management Strategy (CMS)
• Ensure Availability of Good Quality Currency i.e., Across 13 Districts in South Punjab Region
• Conduct Penalty Proceedings against violations on part of Banks i.e., 8-10 Cases per month
• Conduct Inspection of National Bank of Pakistan's Treasury Branches - 20 Treasury Branches falling in South Punjab Region
• Conducted Capacity Building Sessions for Bank Staff on SBP's CMS, Currency Features etc. - Trained 150-200 Bank Officials during my tenure
• Supervised Currency Movement Across Pakistan from/to Multan - From/to 16 SBP Offices across Pakistan
• Liaised with internal and external stakeholders e.g., Law Enforcement Agencies (LEAs), Bank Officials, Pakistan Security Printing Corporation (PSPC) etc.

• Worked on ensuring that Financial Institutions (FIs) working in Region Achieved their Financing Targets e.g. their Financing Targets under Corporate & Commercial Sector, SME Sector, Housing Sector, Agriculture Sector etc.
• Worked on ensuring that FIs are lending to priority sectors e.g. New to Bank (NTB) Entrepreneurs, SMEs, Women Entrepreneurs etc.
• Conducted follow-up meetings with representatives of FIs about target monitoring i.e., 2 meetings a month
• Processed, scrutinized and made credit decisions in granting Refinance to FIs under different State Bank of Pakistan (SBP) Refinance Schemes/Concessionary Schemes i.e., Women Entrepreneur Scheme (WES), SME Modernization, Projects requiring Renewable Energy etc.
• Managed Financial literacy and Financial Inclusion related project named ''National Financial Literacy Program (NFLP)" in 10 Districts of Pakistan falling under our jurisdiction e.g., Mobilized 200,000 beneficiaries in 5 Years
• Managed all allied tasks related to NFLP e.g. its implementation, data management, related accounting, finance, administrative tasks etc.
• Trained and mentored new employees on industry practices and business operations.
• As part of position, worked on following IT Software(s):

1. T-24 Banking to process transactions

2. Oracle Financials - to pass entries direct in General Ledger (GL)

3. MS Office - for Data management and to prepare/present reports

4. Internal Case Management System (ICMS) - to process cases electronically

• Carried out Forensic Audit of Financial Statements/Record of eight (08) Sugar Mills as part of team assigned special task by Government of Pakistan
• Gathered, Organized and Analyzed Banking Data of eight (08) Sugar Mills and over six hundred (600) Individuals under Investigation for involvement in Alleged Sugar Scam
• Interviewed wide range of individuals connected to sugar trade in Pakistan to come up with patterns to further proceedings of Forensic Audit
• Communicated with different Government departments to ensure smooth running of Forensic Audit
• Helped discover tax evasion to tune of more than Rs. 8 billion along with related evidence
• Prepared detailed report of findings of Forensic Audit to be presented onwards to relevant circles in Government of Pakistan and to be used for future legal action and policy changes with regards to affairs of sugar trade

Analyzed and Evaluated Regulatory Compliance on part of Authorized Dealers (ADs) against Foreign Exchange (FE) Rules - 500 Authorized Dealers each Month

• Initiated and Pursued legal proceedings against exporters who were overdue in bringing foreign exchange to country against exports - 100-200 Cases per Month
• Conducted onsite inspection of FIs on matters related to FE Rules & Regulations
• Conducted onsite verification of Exchange Companies requiring license to operate
• Scrutinized, Processed Payment Claims Related to different Subsidy Schemes Offered by Government of Pakistan to export oriented Sectors e.g. Textile Sector, Non-Textile Sector Such as Leather Exporters, Wheat and Sugar Exporters
• Made Payments to Exporters under different schemes (Processed more than 10,000 claims amounting to More than Rs. 10 billion)
• Scrutinized, Processed cases requiring permissions under different Foreign Exchange Related Rules & Regulations in the Country
• Worked on building capacity of Personnel of Financial Institutions (FIs) by conducting Training/Capacity Building Sessions
• As part of this Assignment, worked on following IT Software(s):

1. T-24 Banking to make payments to FIs

2. International Transaction Reporting System (ITRS) - to conduct off-site inspection/supervision that FIs/ECs have reported FX related transactions correctly

3. Foreign Exchange Allocation Information System (FEAIS) to process FX cases related to Government Institutions

4. Oracle Financials - to make transactions direct in General Ledger (GL)

5. MS Office to manage Data, Prepare & Present Reports

• Freelance Mentor - have mentored students in conducting research on different areas e.g. Business Research & Analysis, Accounting & Finance etc., e.g. have mentored over 60 students since 2018
• Freelance Trainer - have conducting capacity building/Training for Bankers, Exporters, Entrepreneurs and Trainee Accountants e.g. have conducted over 30 training sessions since 2018
• Enhanced mentee performance by providing personalized guidance and support.
• Guided mentees in overcoming challenges by sharing personal experiences and offering practical advice.
• Offered constructive feedback on mentee progress, enabling them to refine their skills and enhance their potential.
• Empowered mentees to take responsibility for their learning and development, fostering self-confidence and resilience.

• Supervised scrutiny & recording of gas purchase invoices from 40 gas wellheads and Multiple Gas Suppliers in to Oracle Financials - 40 Invoices each month
• Booked provisions as per relevant Accounting Standards and Local Rules & Regulations issued by Oil and Gas Regulatory Authority (OGRA) e.g. for Unaccounted for Gas (UAG) and for Bad Debts
• Worked within applicable standards, policies and regulatory guidelines to promote & establish an environment of compliance.
• Communicated with multiple Ten (10) different Government departments on issue of Circular Debt to reduce circular debt in consultation with relevant stakeholders
• Communicated with both external and internal auditors and addressed issues & concerns pointed out by them e.g. addressed & resolved four to six (4-6) audit paras each month
• Communicated with Eight to Twelve (8-12) Oil and Gas Companies both of Public and Private nature regarding release of payment(s) to them against gas purchases
• Communicated with treasury department within SNGPL regarding release of payments both in PKR and in FX to Gas Suppliers

• Logging, maintaining and filing invoices i.e., 40-50 invoices per week and increased quality of work by ensuring accuracy of work being done
• Payment authorization to 10-12 suppliers each week
• Payment processing to 10-12 suppliers each week
• Posting and monitoring petty cash on daily, weekly and monthly basis
• Investigating purchase ledger queries on daily, weekly and monthly basis
• Creating company reports for company accountant, finance director & company CEO
• Liaising with suppliers i.e., 10-12 suppliers on daily, weekly and monthly basis
• Maintaining accuracy of vendor details