Zarai Taraqiati Bank Limited former Bank of Pakistan Agricultural Development is the leading financial institution focused on the development of the agricultural sector through the provision of financial services and expertise. The restructuring of the former ADBP is being carried out with the aim of improving agriculture and the rural sector by increasing agricultural productivity, streamlining the institutional credit and increasing income-generating capacity of the farming community. ZTBL was incorporated as a company on December 14, 2002 until the repeal of ADB Ordinance 1961.
The new corporate structure redefines the situation of the bank as a public limited company registered under companies Ordinance'1984 an independent board is to ensure good governance, autonomy, delivering high quality
RFI ZTBL Pakistan is a key provision of financial / nonfinancial affordable, rural and agriculture in rural Pakistan, comprising 68% of the total population. The Bank, through a nationwide network of 358 branches is serving around half a million customers a year and accumulated over a million account holders with the average loan size of about Rs.89, 000 serves 65%, 31% and 4% of subsistence, economic and large producers, respectively.
The Bank's total assets at the booth of Rs.84 million with an authorized capital of Rs.25 million on 31.12.2005, with a workforce nationally has 5500 employees. The total share of ZTBL national institutional agricultural credit remains at around 35%.
ZTBL was incorporated as a company on December 14, 2002 the Bank of Agricultural Development formal repeal of Pakistan Ordinance 1961. Transforming the bank as a corporate entity that serves RFI bank deposits is offering facilities to over 200,000 customers in the country and that increases over time. The bank has been providing a service to the Government to make salary payments to civil servants on behalf of the government. They repay the bank of the distribution of the provincial division of relative departments.
In the area of ​​bank deposits is providing special account such as PLS term deposits, which provides a monthly return in the account can withdraw. And not a national daily revenue account hybrid feature leading savings and current account all proceeds distributed according to the product daily to the account holders. The bank is trying to revolutionize the services that are provided at the counter and is working for an early change in all branches of the bank.
On the side of the progress the bank has been successful in deploying their resources in the best way in all commercial, industrial and agricultural country. Progress has been increasing with the increase of trade and commerce and the bank has been able to meet the needs to the fullest extent. The introduction of a new configuration of services in the form of foreign currency account has also been a sharp rise in the banking sector. This has made it easy for instructors residing in Pakistan must be encouraged.
The funding process for all international operations, modern banking made less complicated and safer with the increased global village in the world. For banks is an opportunity to capture the widest possible participation by being more
efficient way to reach the customer. TARAQIATI Zarai Bank Limited (ZTBL) has been providing these financial services with great respect and devotion to public and private companies. Furthermore, due to being under the influence of the bank has been forced to make compromises also unprofitable.
The administration is considering the facts and to plan in order to get through the unwarranted pressures, but still not be able to implement them properly. This one is more concerned about the lack of motivation of unqualified personnel, who are working with the bank.
In order to regain the level of performance and profitability of the bank has to take serious measures to escape from political influence, build a competent and qualified employees fresh PF, make every effort to introduce modern technology that is used in the world and improve customer confidence, all steps required by the bank.
History of banking
After independence of Pakistan, it was felt that the current institutional sources of credit, such as Taccavi and Cooperatives, were insufficiently meeting the credit needs of farmers. Consequently, the Agricultural Development Finance Corporation was created in 1952 under a Central Act for the purpose of extending financial facilities and promote the development and modernization of agriculture in Pakistan. In 1957, the Agricultural Bank of Pakistan was established and advanced loans short and long term. Both institutions were merged as Agricultural Development Bank of Pakistan in February 1961. The December 14, 2002, the Federal Government has become the Agricultural Development Bank of Pakistan (ADBP) Zarai Taraqiati Bank Ltd in (ZTBL) and the new company has started its operations with immediate effect. The new corporate structure redefines the statue of banks as a corporation with an independent board promulgated under Presidential Ordinance, which seeks to ensure good governance, autonomy, quality of service delivery and high financial viable appropriate to a larger number of customers in the agricultural and rural sector of the country, with an adequate return to the party. [3]
Zarai Taraqiati Bank (ZTBL) was registered under the Companies Ordinance, 1984 and pursuant to the Order of Finance, all assets, liabilities ADBP undertake actions is transferred and Zari Taraqiati Bank resides in from December 14, 2002. Mr. Mehdi Istaqbal was the first president and CEO of ZTBL after conversion in ADBP
"Bank is a pipeline through which money moves in and out of circulation."
Bank accepts cash deposits and refunds to its customers in its application. The Bank borrows money at a lower rate of interest and lend to borrowers at a higher rate. It is therefore a concern of loan proceeds. Bank can not give all the money that has been placed in him. You have to keep a certain portion of the total deposits in cash with them to meet the cash needs of individuals and business concerns.
The goldsmiths soon discovered that all the people who had deposited money with them did not come to withdraw cash. They found that only a few people submitted the receipt of payment for a given period of time. They also found that most of the money deposited lay dormant. At the same time, were found to be constantly being requested by loan good security. They thought it profitable to pay at least a portion of the money deposited with them also to people in need. This proved to be a very profitable business for the goldsmiths. They instead of charging interest of depositors began to give interest on money deposited in them. This was the third stage in the development of banking.
For the experience of banks came to know that they could keep a small proportion of total deposits to meet customer demands for cash and the rest could be provided. Depositors were allowed to draw over money actually paid for them. In economics terminology we can say that allowed overdraft services to their depositors. This was the fourth stage in the development of banking.
When each bank issues receipts and most of them allowed the discovery, there was then too much confusion in the banking system. Banks in order to obtain benefits could not maintain sufficient reserves to meet customer demands for cash. The failure on the part of bankers to return the money caused widespread unrest among the people.
In order to build trust between people, measures were taken to regulate the banking organization. The conference was held in Nuremberg in 1548. It was decided that a bank should be created by the state, which should streamline the banking organization and technique. The central bank was formed first in Geneva in 1578. Bank of England was founded in 1694. The responsibility for the issuance of notes is now in charge of a central bank of each country.
COMMERCIAL BANKING IN PAKISTAN
Develop and operate financially and operationally sustainable as the country RFI. Helping rural communities, particularly small farmers, increasing productivity and income levels through timely delivery of credit, consulting and services. Build ZTBL image as a proactive customer friendly, financially and operationally sustainable deployment of native products. Establish and provide links back and forth to enhance agriculture. value chains of commodities. Participate in public - private and wholesale - retail association for further range and reduce operating costs.
To function as a rural commercial bank to mobilize rural capital formation and the commercialization of agriculture. sector to deliver the true value of customer credit. Providing a wide range of risk insurance products to its customers. Open Until operational headquarters for the International banking industry and to exploit comparative advantages.
FUNCTIONS OF A COMMERCIAL BANK
In general, the functions of a commercial bank can be divided into the following main heads.
1. Accept deposits
Some people have too much money and want to deposit it an honest man or an institution that can provide some benefit. So the first function of the commercial bank deposit receive three types of deposits.
1.1 Demand deposits and current deposits
Some people put their excess money in current accounts and can withdraw your money in this account at any time during banking hours, so the bank is not willing to take interest in it.
1.2 fixed deposits
These deposits are fixed for a certain period. Commercial banks also pay interest on the same. One important thing related to it is variable interest rates for deposits different period. The interest rate increases with the increase of the period of fixed deposit.
1.3 Savings Deposits
To create the habit of saving, bank accepts savings deposits and pay interest on these deposits. And this interest rate is greater than the demand deposits.
2. Advance LOANS
Bank loans also encourages traders and interests. It is the main source of their income. It also issues the loan in the short, medium and long term. And the bank receives the interest of the borrower to long-term loans offered.
3. BILL DISCOUNT
Commercial banks also discount bills and facilitate the business, such as an employer purchases anything else and agrees to pay within one month. The seller writes a bill to the buyer and there will be no order after a month, the buyer shall pay the seller. Buyer will sign the bill. In other words, the buyer accepts responsibility for that amount. If the seller is in need of money, they take to the bank and get the money by discounting bills. The commercial bank may also central bank rediscount.
4. CHEAP MEDIA EXCHANGE
By issuing checks and bank drafts offers cheap medium of exchange.
5. MONEY TRANSFER
Commercial banking is very useful for transferring money from one place to another by issuing drafts. This is a very popular concept in the modern world and widely used in the business world.
6. CUSTODIAN OF PRECIOUS ITEMS
Banks also offer safety lockers for valuable items. So now everyone can get their precious metals like gold, silver, etc., and the bank charges a very nominal charge for this service.
7. AGENCY SERVICES
Commercial banks also perform the duty of an agent. It collects and pays for the customer name.
8. INVESTMENT
On behalf of customers of all banks also make an investment in different companies and industries. And banks receive customers rated load.
9. CREDIT CREATION
It also creates and extends credit volume.
10. Facilitate the commercial activities
It also provides financing for foreign trade. Letter of credit are issued by commercial banks for payments abroad.
11. PURCHASE AND SALE OF SECURITIES
Commercial bank purchases and sells securities for itself and sometimes in the name of the costumes.
12. Acting as trustee
If a customer goes to your bank to act as trustee in managing a business, the bank carries out this responsibility.
COMMERCIAL BANK ROLL IN THE DEVELOPMENT OF THE ECONOMY OF PAKISTAN:
Banks play an important role in the economic development of the country. If our banking system does not agree with the economic requirement then how can play a vital role in our developments. The State Bank of Pakistan is at the apex and all commercial banks have to follow the rules of the State Bank of Pakistan. The role of the banking sector can be judged by the following facts:
SAVING MOBILIZATIO
Commercial banks namely United Bank Limited of Pakistan, Habib Bank Ltd, Allied Bank of Pakistan Ltd. National Bank of Pakistan Zarai Taraqiati Bank Limited (ZTBL) has opened branches in urban and rural areas to mobilize people's savings .
FINACCING DEVELOPMENT PROJECT
Banks and other financial institutions as ADBP, etc. IDBP and PICIC advances short term loans and medium term to finance development projects in both the private and public sectors. So help accelerate the pace of progress (economic) in the country.
ENHANCING TRADE ACTIVITIES
Credit institutions shall collect the savings of the people and make them available to facilitate business activities both within and outside the country.
CREATE CAPITAL FORMATION ENVIRONMENT
A system developed for baking stimulates economic growth by creating a favorable climate for capital formation in the country.
STATE AID BANK OF PAKISTAN IN ACHIEVING PUBLIC MONEY
Commercial Banks under the supervision and guidance of the aid in the implementation of the SAP and the objective of monetary policy, that vary from time to time.
Assisst in planned development:
Commercial banks are for-profit companies. In order to maximize the benefits they have an incentive to maximize PAS finance limit. An organized banking system remains (ZTBL) * Balancing profitability liquidity, which helps in the development plans of the country.
PROFIT SHARING PLAN:
Commercial banks receive surplus (ZTBL) Balance of homes and businesses and pay interest on the deposit of the customer. Depositors instead of having a fixed return on the deposit share profits and losses of the Bank. The available income scheme is the alternative to interest, under an Islamic economic system, which is from the experimental base in Pakistan.
ON TARAQIATI Zarai Bank Limited (ZTBL)
On behalf of the Board of Directors, I have pleasure in presenting the accounts of the Zarai Taraqiati Bank Limited (ZTBL) for the 1st quarter of the year, March 31, 2006. Pakistan's economy is on a high growth path with a GDP growth of 8.4% during fiscal 2011. While growth has tapered off in the first half of fiscal 2006, the macroeconomic indicators suggest that the economy is in good shape and the real GDP growth of 6.0% during fiscal 2006 is expected. Policy makers face the difficult task of boosting economic growth potential while keeping inflationary pressures under control. The overall balance of payments remains manageable as remittances growth and a jump in encouraging both foreign direct investment and portfolio investment have helped eased the burden of a large trade deficit. Inflation has accelerated after hitting an all-time fiscal year 2003 and currently is uncomfortably close to double-digit levels, driving the SBP to maintain its tight monetary stance. The performance of the Bank was satisfactory during the 1st quarter. The Bank made a profit before tax of Rs.822 million during the quarter, compared to Rs.565 million for the similar period last year indicating a 46% growth. Profit after tax of Rs.585 million is 61% higher than the figure for the same period last year. Although the Treasury for the dilution effects of about 58% bonus share issue by the bank for 2011, earning per share for the first quarter is Rs.2.04. Bank deposits rose to a level of Rs. 90.089 million at quarter end. Developments in the banking book has increased to Rs.71, 385 million, up 12% from December 31, 2011. The capital and reserves of the bank have increased to Rs.7, 362 million, an increase of 9% from the level of 31 December 2011.
Zarai Taraqiati Bank Limited Introduction
Zarai Taraqiati The Bank Limited (ZTBL) (formerly known as Agricultural Development Bank of Pakistan) is the largest public institution of financial sector development with a wide network of 31 area offices, 9 Audit areas and 357 branches in Pakistan. The bank serves about half a million customers a year and has accumulated more than one million account holders
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Zarai Taraqiati Bank Limited (ZTBL) Headquarters
After independence of Pakistan, it was felt that the current institutional sources of credit, such as Taccavi and Cooperatives, were insufficiently meeting the credit needs of farmers. Consequently, the Agricultural Development Finance Corporation was created in 1952 under a Central Act for the purpose of extending financial facilities and promote the development and modernization of agriculture in Pakistan. In 1957, the Agricultural Bank of Pakistan was established and advanced loans short and long term. Both institutions were merged as Agricultural Development Bank of Pakistan in February 1961. The December 14, 2002, the Federal Government has become the Agricultural Development Bank of Pakistan (ADBP) Zarai Taraqiati Bank Ltd in (ZTBL) and the new company has started its operations with immediate effect. The new corporate structure redefines the statue of banks as a corporation with an independent board promulgated under Presidential Ordinance, which seeks to ensure good governance, autonomy, quality of service delivery and high financial viable appropriate to a larger number of customers in the agricultural and rural sector of the country, with an adequate return to the party. [3]
Zarai Taraqiati Bank (ZTBL) was registered under the Companies Ordinance, 1984 and pursuant to the Order of Finance, all assets, liabilities ADBP undertake actions is transferred and Zari Taraqiati Bank resides in from December 14, 2002. Mr. Mehdi Istaqbal was the first president and CEO of ZTBL after conversion in ADBP
Zarai Taraqiati The Bank Limited (ZTBL) was established on November 16, 1989 under the Zarai Taraqiati Bank Limited (ZTBL) 1989. Arifwala Main Branch was the first branch to be opened. In 1989 (ZTBL) was arranged as a non - scheduled bank in the province of Punjab. At the beginning the main tanks were the government. Because it was opened to support the government of Punjab. On 19 September 1994 the Zarai Taraqiati Bank Limited (ZTBL) became a scheduled bank, permission was being given by the Government of Punjab. After being converted into bank scheduled to open its first branch in the city of Islamabad (Blue Area) on September 19, 1994 date. T
The total number of staff (ZTBL) is approx. 4000 most employees are masters and support are highly qualified and are working efficiently. It quickly expanded its operations in the province of Punjab, opening their branches. Approximately one branch was opened in one day. The strength of branches in the province of Punjab is 255. . Now, the total number of branches is 255. Today established 255 branches allover the country '
The names of the cities of No. of Branches
Rawalpindi 37
Arifwala 56
Gujranwala 45
Multan 63
Faisalabad 43
Karachi / Quetta 05
Peshawar 06
Branches Total: 255 -
Bank obtained a pre - tax profit of Rs. 3165million for 2011 with significant growth are 82% over the previous year.
The Bank's paid-up capital in 2011 Rs. 851.880 million.
Macro economic management is the primary concern of an economy. In Pakistan for a long period of time, differences in savings and investment and trade deficits have become a serious problem to achieve the level of desire for growth.
Zarai Taraqiati The Bank Limited (ZTBL) by the grace of Allah is privileged to meet its responsibilities for national progress and prosperity in the words with little if your programming period.
Awards and Achievements
Best Corporate Awards
The Joint Committee of ICAP and ICMAP selected (ZTBL) to win the 3rd position for the Award for Best Corporate Report 2010 for the financial sector.
Merit Award by South Asian Federation of Accounts (SAFA)
Based on the assessment of the Annual Report 2010, won the Zarai Taraqiati Bank Limited SAFA (ZTBL) and recipient of the "Award of Merit" in "Banking Sector subject to prudential supervision" category.
Second Kissan Time Awards
The Bank was judged "Best Farm Credit Bank" and has been awarded the second half Kissan.
Bolan 15th Excellence Award
The Bank was awarded Best Bank Award under distributed Bolan 15th Excellence Award in 2011.
Achievement Award
The Chamber of Commerce and Industry Arifwala rated the Bank as "Best Bank Performance" In the year of 2011.
Corporate Vision
Dedicated to serving the needs of the farming community, by providing financial products and technical services competitively and sustainably, in a comfortable, efficient and professional, which leads to success and Farmers Bank.
Corporate Mission
To play effective role in promoting economic growth by increasing the availability of credit to the agricultural sector, through reliable access to sustainable financing, special credit programs, technical assistance, and other products and services, and promote professional development opportunities to enhance professionalism and expertise of employees.
OBJECTIVES
To achieve this objective, the bank aims to:
 Ensure that your performance in all of its operations made more games than their competitors.
 Maintain a wide range of national and international activities.
 To maximize the contribution of their main sources of machinery capital brands and personal representation.
 Be innovative and progressive of the need of its customers in the framework of the policy and prudent operational risk.
 Act as a reputable organization efficient and accountable.
 Implement policies that recognize personal aspirations and individual performance that adapts to devise skill levels.
ZTBL giving soft loans
Zari Taraqiati Bank Limited (ZTBL) is giving loans to farmers at favorable terms and conditions for more agro-crop production could be achieved.
This was stated by President ZTBL Ch. Zaka Ashraf while talking to APP here. He said that under a special package, ZTBL provides 90% investment to producers and all efforts are being made out to be self-sufficient and bring prosperity to the country. Ch Zaka Ashraf said 10,000 tractors were provided to farmers, while 20,000 tractors will be given to farmers under Benazir Tractor scheme, adding loans will also be given to farmers in the scheme.
President ZTBL said that loans worth Rs. 72 billion will be given to farmers, while solid steps are also being taken for recovery of Rs. 75 billion of arrears. He said the government wanted to bring green revolution in the country. Latest methods are being introduced and used to achieve the goal, he added.
ORGANIZATIONAL STRUCTURE
(ZTBL) SETUP
Management Hierarchy
President
Senior Executive Vice President (SEVP)
Executive Vice President (EVP)
Senior Vice President (SVP)
Vice President (VP)
Assistant Vice President (AVP)
Officer Grade 1 (GL 1)
Officer Grade 2 (GO No. 2)
Officer Grade 3 (GL 3)
Operations Command
Hierarchy level RAMA
GENERAL
General area banking is also called the operations group. It consists of the following section
 ACCOUNTS SECTION
 REMITTANCES
 Clearing System
 GOVERNMENT REVENUES
 CONSUMPTION AND BANKING
 LOCKERS
Accounts section
Bank Accounts Department can be considered the most important department. This department is basically concerned with the processes and recovery activities, selection, summary and presentation of data resulting from the everyday operations of all departments. In fact, the process of this activity is initiated from the preparation of all vouchers required by
different departments involved. When the cards are ready, they are posted on the respective computer terminals by the relevant departments. Before the merger, a batch list is printed by the Department of Computing and duly verified by the respective departments. After this, reaches the melting stage, after a list of test prints. This is the stage where Accounts Department begins to perform its function. Proof List is checked by the Accounts Department.
This section performs the following functions:
 Opening of Accounts
 Issuance of books checque
 Closing Accounts
 Payment of Cheques
Types of accounts
Following types of accounts are open in (ZTBL)
 Savings account
 current account or demand
 Fixed Account
Savings Account (PLS)
This account is designed to encourage the habit of saving the customer and lead to long-term banking or investment relationship. The savings bank accounts are in the nature of deposits and accounts are not normally available to the drawings. Interest rates tend to be the future, by a small margin. Savings accounts with banks represent a very small proportion of total deposits. The customer can make any type of retirement account. The cash ratio is typically low current account them because withdrawals against this account is very low. The minimum (ZTBL) this balance is 100 rupees and the interest rate
Checking or demand
These are deposits that can be extracted by the depositor at any time by submitting a check to the bank. People deposit money in this account was given an order prepared on behalf of developed countries and developed countries of the world, a significant portion of money held in checking or demand. In this type of account of the transfer of interest in cash or check is carried out in the light. The cash ratio for this is very high. The operating cost for handling this type of account is very high because withdrawals are very regular.
Fixed Account
Fixed accounts are those that are deposited for a fixed period of time and are redeemable after the expiration of the period for customers. People who have excess funds and want to save investment deposit the amount in the account fixed. The interest rate given to depositor varies with the length of deposit, ie is higher for a longer period and low for a shorter period. The rates of these deposits are higher than bank savings accounts. Cash reserves against this deposit are very low because there is no fear of retirement one month ahead of schedule time. No books or book paying checkbook passes or delivered to customers against this deposit savers. Procedure to open an account
First, the client receives a request from the bank, all the necessary information required for account opening and the necessary documents. An account can be opened as:
1) An individual account
2) Joint Account
3) Proprietorship account
4) The account SAS
5) Association
6) Club, company, partnership and trust
Information required by the Bank
 Name
 Address
 Phone
 Currency Account
 Nature of Business
 Country of Residence
 special instructions regarding the account
 Firms
Documentation For accounts of the limited partnership
 Photocopy of National Identity Card of each director
 Application Form
 Copy of company incorporation and bylaws
 List of directors
 Copy of board resolution
 Certificate of Incorporation
 His signature cards
 Certificate to commence business
Documentation For Partnership Account
 Application Form
 A copy of the articles of association
 signature cards of members
 Registration certificate copy
 A copy of the national identity of each partner
Documentation Should club, society, association or trust
 Application Form
 Copy of rules
 A certified copy of the resolution
 Signature cards
When the officer is satisfied then opens the account and gives an account number to be used in all communications with the bank in regard to the account and make deposits and withdrawals.
Bank has the right not to open an account without assigning any reasons or close the account if not handled satisfactorily with the instructions of the central office
Issuance of check book
After opening the account, a check book is given to the client to sign on which the number of checks written book and the client's name is written. Bank issues a checkbook against the requisition. A check book can be 25 (PLS), 50 or 100 sheets (Current A / C). Rs. 3 per sheet as excise duty paid by the customer.
A checkbook register is maintained by the office. In this record, the inventory check book issuing checkbooks recorded.
Checks loose
If a customer forgets or leave your checkbook at home, that is far from the shore or whatever the case, the client applies to the bank to issue a bank check loose as it has his checkbook with him and with the money that is urgently needed, checking what is called the loose control.
Bank issues a check for Rs loose. 50 as charges for the issuance of the check looser Rs. 3 as special taxes.
Payment of Cheques
Bank's main function is to pay the money required for their client, usually through compliance checks. It is a contractual obligation of a banker to honor his customer's check if they meet essential compliance
Cheque  must be in a form suitable
 Cheque should not be maimed
 Cheque should be drawn in this particular branch
 Cheque should not be damaged
 There were no material unauthorized alterations
 The funds must be sufficiently available
 Cheque should not be the post or stale date
Procedure for closing an account
The client can close the account. The customer must apply for account closure. Then the account was closed and its (ZTBL) balance is paid to him after deducting closing costs, ie Rs. 200 and
Application be in the account file Closing. The remaining sheets of controls also be collected by the customer.
The Accounts Department activities can be subdivided as:
 vouchers routing costs
 Preparation of daily activity reports
 Preparation of weekly and monthly statements
 Preparing statements for tax purposes.
Routing Costs
Proof of all expenses and purchases of materials are routed through this department. As far as expenses are concerned, they include the heads of the wages paid to employees confirmed bank, wages paid to employees who are on contract basis, the rental of the property, lease and installment premium insurance paid to the insurance company for insurance of vehicles and cash in the safe and desk. The costs also include utility bill, consisting messaging bills, electricity, water and gas, medical expenses, which are reimbursed.
Preparing daily activity reports
As for reports on the daily activities of this department is concerned, these include the following headings:
It collection 
 lending
 ledger transactions
 foreign currency related transactions
 operations related to fixed deposit
Control is daily.
Preparing the Daily, Weekly, Monthly and Annual
Statements by
These statements are sent daily to Arifwala office. These are:
 Declaration daily affair, which is the same as (ZTBL) Balance
 Statement of income and expenditure, including the details of the income and expenses incurred by the bank.
WEEKLY DATA
These statements are generated on a weekly basis in order to send it to the central office. These also include:
 Statement of Case
 strong position and bank advances
Monthly Statements
These statements are prepared on a monthly basis and also sent to the central office. These include:
 interim statement of income and expenses. This statement adjusted for accruals and prepayments.
 Monthly (ZTBL) Balance Sheet and Income Statement
 Comparative statement
Statements for tax purposes
The department also prepares two states in order to pay the tax on a monthly and annual basis. These statements are generated for the purpose of submitting to the Central Board of Revenue. These are:
1. Statement of deduction from taxable income under the head salary under Section 53 (tax deducted at source)
2. Withholding taxes on payments to vendors, suppliers and other parties that provide various services. The rate of withholding tax is as follows:
Suppliers  2.5%
 For other 5%
Remittances Section
Transfer of money or equivalent to money from one branch to another branch of the same bank is called remittance. Now it has become an easier and safer for both the customer and the bank to transfer money from a branch of the city or out of town.
PARTIES INVOLVED
For two bank remittances are normally involved, are as follows:
Originating Bank Branch
It is the branch that issued the instrument of transfer of funds.
Responding Bank Branch
The branch that receives remittances instruments, also known as drawee branch:
Types of remittances
Remittances are classified into the following types:
 Inland remittances
 foreign remittance
Inland remittances
It is a transfer of money from one branch to another branch of the same bank in the same country. In this case, the two sides will be the same country and the same bank.
Remittances can be made by:
 Instrumental Transfer
 Wire Transfer
one. Instrumental Transfer
Transfers are following instrumental
Demand Draft
It is an instrument that is payable on demand and only presentable in the city / country. When any project, that is, the order to pay money, drawn by a bank office in another office of the same bank for a sum of money payable to the order of demand, purports to be issued by or on behalf of the beneficiary, the bank is discharged by payment in due time.
When a person requires a project, should be asked to complete the prescribed application form which should indicate the amount of the project, the recipient's name and place of payment. The person to those who have been duly authorized to act on its behalf, must sign this application. One tip is prepared and two copies of this advice is sent to the central office. The bank charges a 3% withholding tax and the commission in accordance with the list of rate (the minimum is Rs. 200).
Money Order
It is an instrument that is payable on demand and only in the city presentable.
Pay order is also called the check drawn on the issuing bank itself. Not negotiable and therefore, banks tend to cross "Account Payee only" the instrument to avoid the possibility of dealing with wrought-approved instruments. The payment order is issued for individuals, businesses, government departments. In the presentation of the payment order, the bank is obliged to pay the amount to the customer. Bank charges excise duty of Rs. 4 and service charges of Rs. 100.
Pay slip
It is an instrument that is issued by the bank and used for purposes of expenditure, ie, electricity bills, maintenance bills, security accounts, fastening and assembly, etc.
Call Deposit
Call Deposit are not actual bank deposits. In fact, it is the responsibility of the bank. Call oftenly deposit is paid by the bank for contractors.
PROCEDRE
The following steps are involved
1) fill Depositor credit vouchers for call deposit. Write the following information
 Company Name
 Amount
 Date
2) cash deposited with full proof in the treasury department
CD Collection
For the collection of call deposit required
 Rs 5 stamp
 Two of its client on the back side of the CD
 issued token
 counter to check-in CD recording program that has become
b. Electronic transfer
Electron transfer is of the following types
Telegraphic Transfer
It is the message that is sent from one branch to another in the order from the payer to the payee through cable. It is one of the fastest ways to transfer money through the use of telex / fax / internet or cable. The payment to the beneficiary is affected directly by the office left to the identification or credit through the bank account of the beneficiary. As sender office action is not required to make any payment instrument to the sender for delivery to the recipient.
Issuing and Paying telegraphic transfer output
Application form is completed by the customer in the name and account number of the beneficiary which must be credited and the name of the client requires. For telegraphic transfer, payment can be made in the event or by check or by debiting the customer's account if he is the account holder. The telegraphic transfer amount should be written on the form. The amount is transferred to the beneficiary's account in another bank. A tip is given to the client but the application is completed the bank register.
If the beneficiary is not the account holder of DBL, bank credits an account Telegraphic Transfer payment and when payment is made to the beneficiary, the account payable be charged TT.
Issuing and Paying incoming wire transfer
When a TT is then received an entry pass in the next TT record after verifying the test. When a person comes and wants to realize their TT, the bank verifies that person's statements. If the bank determines that a subscriber account in the account of the person against TT, the bank prepares a proof of this payment against the TT. The client presents the certificate to the checkout counter and collect the money.
Mail Transfer
It's the same as TT, but in this type, the message is sent via email instead of telex. The procedure is the same as TT, but the advice is sent via email instead of wires.
Lockers service
Zarai Taraqiati Bank Limited (ZTBL) also provides the facility of lockers in the country. The cabinet issued only to depositors. No cabinets are delivered to any stranger.
The checking system is used for cabinets. The officer has to apply master key in the closet, but can not open the wardrobe of any person. The owner of the box provides the bank has the signature of the sample. Whenever locker holders come to open the closet, their signatures are verified by the officer and then be able to open your mailbox. If the locker key is lost company offering these lockers and locker breaks new lock is installed on your locker and lock is the present holder of the ticket office and bank charges RS 1200 for that. In case the locker holder dies, the court opens his locker in the presence of his heir as mentioned in his will or his belongings and gives them and closed cabinet.
Government Billing and receipt / payment
This department is carrying out the following functions
 Collection of utility bills
 Payment of wages
 The zakat
Compensation Department
The primary function of the Compensation Department will receive checks that are drawn on another bank. The customer can get the money in your account in the (ZTBL), checks drawn on other banks. The bank accepts these controls and includes the amount of the bank in which checks drawn through the Clearinghouse. Bank charges a fee for this functionality.
PROCEDURE FOR CLEANING OF CHECKS
Pay-in-Slip
The customer fills in the payment slip. This slippage is as proof of deposit. The number check number, date, amount and account must be written in this paper.
Stamping and scrutinizing
The official receipt of payment checks and seal slippage will pay in slip to "check received" and give a customer slide portion and the remaining portion is attached to the original check.
The original check is marked with two seals.
Zarai Taraqiati Bank Limited  (ZTBL)
Compensation  Stamp
At the end of the day, all checks are counted and then examined in the bank-wise and sent to the Clearinghouse
ACCOUNTS DEPARTMENT
This department basically deals in bills that come in the bank for collection. The bills are checks, deposits, money call and pay the order. These bills are outstation branches (ZTBL) or other banks. This department serves customers in lower charges to get their numbers of the nearest branch.
HEADS OF ACCOUNTS
There are two main heads of bills ie
 Bills liability for Collection (OBC)
 Inward billing invoice (IBC)
External Bills for collection
Department of bills receive checks or other client accounts. The Outward letters provided the collection is that the client must have your account at the branch. This branch sends the check to the schedule or covering letter to the industry on the bill is drawn. The control officer department invoices stamped cross check special bank before sending the check to the other branch.
Banknotes way to collect registration
Banknotes way to collect registration records maintained for all invoices deep for external collections. This register is updated twice, first at the time of receiving the OBC and second at the time of receipt of confirmation advice from the other branch, whether the check will be paid or not the branch of another bank. After confirmation of the amount, confirmation advice is transferred to the branch sender. After confirmation of the amount and invoices, the customer's account will be credited against the reasonable expenses, which is income for the bank.
Inward bill for collection
These bills come in branch by branch has check payments for these checks, money orders, drafts and call deposits, etc. The game account must be opened in the branch which sends it to pay branch. Liability under the IBC branch is to verify all invoices within three days, and should be sent to the branch banking advice source.
Collecting incoming bills for registration
Incoming invoices to collect records are kept for record purposes in the future. Care is made to publish the amount of bills on record. Each note is assigned a number according to the number of registration. Each year the number of part one and continues throughout the year and again next year one and so on.
ADVANCES DEPARTMENT
Credit is defined as the sale of goods, services and money claims in the present in exchange for a promise to pay in the future. While the banking sector ahead is the promise that involves the payment of the original amount plus interest on the principal amount, spread as advance. The credit / advance is based on confidence / trust and the belief that the client is able and willing to pay on demand or at some future time.
The long-term credit can not be confused with long-term debt. Credit and debt are just the same things from two different perspectives. When a lender extends credit, the borrower acquires. The lender or creditor is entitled to recover payment and the borrower is required to repay the money. Credit can be defined in these terms: "credit is the right to receive the payment or obligation to pay on demand or at some point in the future because of the immediate transfer of the property." The first sentence right to receive payment is used from the point of view of the creditor, as is the exchange of present goods for the right to receive payment in the future. The second sentence, the obligation to pay for the view, which is from the point of view of the debtor. The debtor is required to pay in the future for goods ordered. Credit and debt are two sides of the same protection.
PROCEEDINGS OF ADVANCES
The loan officer will need to see the following information from the company:
 Company Name
 Legal Structure
 The names of the principal shareholders / directors.
 Business Line.
 Financial Standing and respectability.
 Affordability / Behavior.
 Your credit experience, including the use of credit facilities.
To do this, the loan officer gives steps before advancing credit:
Step 1: The applicant is required to respond to some documents the loan officer whenever required by him. These documents may include certified financial statements, legal documents relating to the property occupied by the borrower. And some other certificates required by law and prudential regulations of the State Bank of Pakistan as a deed, mortgage of property, etc.
Step 2: Now, the loan officer will have to analyze the financial statements provided critically. He will have to see a summary of the financial health of the company, or partnership or sole trader ship. You will then need to fill out the form that contains information
In ratio analysis, loan officer does the marketability, liquidity, profitability and activity ratios. After this has to do the comparative operating / non-operating cash generation statement.
Step 3: While doing this work, the loan officer will have to see that the financial statements give a true and fair in accordance with GAAP or not, and must meet the requirement of the Checklist ---- prudential regulations. This form consists of three pages on the subject. This is about competitors, suppliers, customers and banks we are dealing with.
Step 4: If the loan officer is satisfied with the financial performance of the company and other documents, written credit approval containing relevant information about the business. He attributes these documents with the proposals made and sent to the Zonal Office. The Zonal Office department in advance ensures that the required documents are in order. Besides several tests were applied financial, reliability and customer business competitiveness. If the Zonal Chief has the power to sanction the loan, then he shall prepare the sanction advice and sent him back to the appropriate group. If beyond their limits / powers to be sent to the regional office.
ELEMENTS OF CREDIT
Five C are the main elements used for the selection of credit:
1 - Characters
The loan officer checks the applicant's character, family history, lifestyle and business.
2 - Capacity
The loan officer checks the applicant's ability to pay for their experience.
3 - Capital
Loan officer verifies the business capital and cash worth.
4 - Collateral
The collateral loan officer checks as stocks, bonds, B / E,
5 - State
The loan officer also checked the economic condition in the country and abroad. If the economic condition is favorable that the loan is not otherwise punished.
SECTORS OF ADVANCES
There are two main sectors for which (ZTBL) is advancing loans. These sectors are:
a) Consumption Sector
b) Commercial Sector
These loans are given especially to employees, traders, entrepreneurs, small industrial units, including the cottage and small industries, farmers. So (ZTBL) is to ensure an equitable distribution of credit among various sectors of the economy. The various industry codes are used for different types of industries.
a) Consumer loans
These loans are granted to employees, including employees of smaller scale and scale higherl employees and other persons to or less than Rs. 50 000. Number of loans not exceeding the amount specified by marginal restriction on the type of securities offered. Consumer loans are granted by analyzing requirements.
Time loan, loans were granted a maximum of three years, including a grace period of one year. In special cases up to 5 years period of the loan may be extended, depending on the merits of the case.
b) Commercial loans
Aggregate principal amount of loans to a single borrower may exceed Rs.0.3 billion, including loans to dependent family members. Maximum maturity is 3 years, also depending on the nature and types of loans extended.
Mark-up is charged at the current rate, which is subject to change from time to time. Currently is 0.51 paise per day in each thousand/1000. How to pay the loan amount can be paid back in the form of monthly quarterly or semiannual same interests, or as the case resolved.
The warranty on commercial loans
Loans can be made against any one or more of the following values:
 mortgage of real property (land and buildings).
 Commitment stocks, commodities and finished products.
 Allocation of shares, raw materials and finished products
Financial Analysis of Zarai Taraqiati Bank Limited (ZTBL)
Balance Sheet
ZTBL
Assets
Year 2010(Rs.'000')
Year 2011(Rs.'000')
Cash and Balance with treasury banks
8787387
5579566
Balances with other banks
9367595
2118242
Lending to financial institutions
7593681
1019488
Total Current Asset
25748663
8717296
Investments
18026181
16197505
Advances
63623705
39438923
other Asset
2040568
1277201
Operating Fixed Asset
1715061
689486
Total Asset
111154178
66320411
Liabilities
Bills payable
478001
267113
Borrowings from Financial Institutions
6791007
2831605
Current account balance
15499755
12964045
Total Current Liabilities
22768763
16062763
Deposits and other accounts
72965296
41760266
Liabilities against Asset subject to lease
55403
81795
Other Liabilities
1474425
567540
Deferred Tax Liabilities
220177
8964
Total Liabilities
97484064
58481328
Net Asset
13670114
7839083
Share Capital
2349719
1506230
Reserves
4257337
2770645
Un appropriate profit
169817
143590
Total Profit before taxation
6776873
4420465
Surplus revaluation of asset
6893241
3418618
Total Representation
13670114
7839083
Liabilities + Representation
111154178
66320411
Ratio Analysis
Liquidity Ratio
Year 2010 (Rs.'000')
Year 2011 (Rs.'000')
Current Ratio
1.1309
0.5427
Cash to current liabilities Ratio
0.7974
0.4792
Cash to total asset
0.1633
0.1161
networking Capital
2979900
-7345467
Leverage Ratio
Debt Ratio
87.70166426
88.17998429
Equity Ratio
7.131181496
7.460225641
Equity Multiplier
8.131181496
8.460225641
Profitability ratio
Gross profit
56.42941258
71.85663311
Operating Profit ratio
51.67198278
67.94193748
Net profit ratio
40.81567415
57.52839781
Return on Investment
2.249126434
2.216320704
Return On Equity
18.28805524
31.89145975
Marketability ratio
Price Earning ratio
2.197802198
1.780068729
FINANCIAL ANALYSIS
Analysis of the financial statements of a company includes methods of calculation and interpretation of financial ratios to compare the performance of the company this year with the past and the analysis is also performed to predict future performance. The company, whose annual output is to be evaluated, the annual report must meet the following criteria:
 financial statement must be audited and prepared by a certified public accountant.
 financial statement must be prepared in accordance with the generally accepted principle of Finance.
 The yield of at least three years is required. These years are the data from last year and the year that the performance will be analyzed.
To evaluate the current performance of the company as well as the future, three tools that have been used as:
1. Ratio Analysis
2. Common Size Statement Analysis
3. Analysis Performa
Companies whose performance is being evaluated (Zarai Taraqiati Bank Limited (ZTBL)) meet these requirements are those chosen to be analyzed. Here, in this report, we use the first two analysis instruments that either company is the best in terms of short term credit, long-term debt, affordability and profitability.
Ratio Analysis
Analysis of the ratio is used to compare the performance figures of the company last year to this or to compare a company's liquidity.
Essentially consist of analysis of the relationship of a complex set of relationships that are divided into categories. These reasons include:
 Payment of short-term debt ratios Ability
 activity ratios
 Long Term Debt Paying Ability Ratios
 Profitability Ratios
SHORT TERM DEBT PAYMENT CAPACITY RATIOS
These ratios measure the efficiency of firms to pay short-term contractual obligations on the due date.
Liquidity ratios of Zarai Taraqiati Bank Limited (ZTBL) for the last two years are given below
Sr.No Ratios 2010 ('000 ') 2011 ('000')
1. Net Working Capital 297900 -7345467
2. Current Ratio (%) 1.1309 0.5427
3. Cash to total assets ratio (%) 0.1633 0.1161
4. Cash Current Ratio (%) 0.7974 0.4792
WORKING CAPITAL
(Formula)
Net Working Capital = Current Assets Current Liabilities
Seeing in working capital, it is clear that the company is in a very good position to pay its short-term contractual obligations. Due to that shown in the table that is steadily increasing trend.
However, it is important to note that the net working capital is an estimate not very suitable for assessing short-term solvency of the company that's why we go for other reasons of liquidity.
Analyze the relationships of short-term solvency of Zarai Taraqiati Bank Limited (ZTBL) shows the structure of current assets of the company which is the next
Mr. No Articles 2010 2011
1. Treasury Deposits with banks
34.12% 64%
2. Deposits with other banks
36.38% 24.30%
3. Loans to financial institutions
29.5% 11.70%
4. Total current assets 100% 100%
Analysis of the ratios of short-term solvency
When we see the image especially short term solvency ratios of the company concluded that the company is in a very good prospect of short-term debt.
The reason is that current, fast and effective connection is continuously increasing. Now we learn the causes behind them
 Current assets are the important part of total assets. In 2011, current assets were the fence about 23.15% of total assets were 7.84% and in 2010.
 Cash ratio is also the growing trend and the reason is that the contribution of cash is increasing in total current assets.
 The general objectives of all these reasons the positive trend shown very good and this is mainly due to the reason that shows that the management of the company is increasing its efficiency.
LONG-TERM DEBT PAYMENT OF CAPACITY AND COVERAGE RATIO
In the long term, there is a relationship between income reported following the use of accumulation and Finance Company's ability to meet its long-term obligations. Although income is declared according to the available cash in the short term, the items of income and expenses over time result in cash flows. Because of the close relationship between the income reported and the company's ability to meet its long-term obligations, the profitability of the organization is an important factor in determining the long-term debt payment capacity.
The long-term debt paying ability Zarai Taraqiati rates Bank Limited (ZTBL) are given below.
Mr. No Ratios 2010 2011
1. Debt ratio 87% 88%
2. Debt to equity ratio 71% 75%
3. Tangible net worth Debt 8.13 8.46
ANALYSIS OF LONG-TERM DEBT PAYMENT CAPACITY RATIOS
 The debt ratio is showing downward trend. This trend is due to the lease liabilities against assets subject to revision is decreasing by 32%, is a good sign for the short-term and long-term investors because the company will meet its payment asst leased but the risk also will decrease in the long run ..
 It is clear from the table to debt ratio debt ratio is also decreasing. The trend is decreasing and that shows that the share capital is gradually becoming higher compared to total liabilities. In 2011, the capital was approximately 71% of total liabilities and equity, but in 2010 was 75%. It is clear that every year by the equity in the total liability is increasing. This indicates that the company is financed with money to finance capital assets.
RATIOS PROFITIBILITY
Profitability is the company's ability to generate income. Benefit analysis is vital for shareholders, and earning income as dividends. Furthermore, the increase in earnings may cause an increase in market prices, resulting in capital gains. The benefits are also important for creditors because the benefits are a source of funds to cover the debt. Management uses the profit as a measure of performance.
Therefore, the efficiency of business relationships the measure in terms of yield gain using resources.
Profitability ratios of Zarai Taraqiati Bank Limited (ZTBL). Below are
Mr. No Ratios 2010 2011
1. Net profit margin 40% 57%
2. Gross profit margin 56.% 72%
3. Operating Profit Margin 52% 68%
4. Return on assets 2.24% 2.21%
5. Return on Equity 18.28% 31.89%
Analysis of Profitability Ratios
 Almost all profitability indicators are favorable trend does not mean that this company is not very profitable in 2011.
 The net profit margin decreased in 2011 and the reason is that each year the profit margin of the company is growing, but they have considerable control not in the cost of funds. The reason for this inefficient fund management might now the company is not using human resources more sophisticated in their management of the funds.
 Form the table it is clear that the return on total assets is also decreasing in 2011. This shows that the company is using its assets more efficiently in 2011.
RATIOS OF MERCHANTABILITY
Mr. # Ratios 2010 2011
1. Price earning ratio 3.78 2198
 As earnings per share has been reduced because the price earning ratio to increase the market price of its shares is also reduced significantly, which is not good sign for the company.
Conclusion
Now, based on the analysis of the reasons we'll see if this company is attractive for investors in the short term and long term investors.
Here, too, we'll see if this company is attractive for investment purposes or not.
In the short term, creditors view
This firm has very good short term solvency ratios. Even their cash amounts in 2011 and 2010 are higher than its total liabilities. This shows that (ZTBL) has a much lower probability of technical insolvency. The other important thing is that the company has major facilities in the short term finances under mark up arrangements available from various banks. Therefore, we can say that in every position of the company is very safe for short-term creditors and this is a very attractive company for investors in the short term.
A long-term investor's point of view
Profitability ratios of the firm are very attractive and almost all relationships tend favorable.
Therefore, we can say that is very good for long term investors to invest in this company. The reason is that this is a highly profitable company.
Horizontal analysis of Balance Sheet
Zarai Taraqiati Bank Limited (ZTBL)
2010-2011
 Cash and balances with treasury bank increased 57.49% over the previous year because of regulatory authority regulations and circulars.
 Balance with other banks increased by 36.38%.
 Due to excess liquidity in the market, the bank has reduced its loan to another financial institution, as they have liquidity. Decrease is 44.85% compared to last year.
 Current Assets increased to 11.29%.
 Bank has increased its advances to the people of the country by 61.32% in 2011
 Operating fixed assets has increased by 48.75% over the previous year.
 total assets has increased by 59.76%.
 This year bank notes payable increased by 78.95%.
 As cash balance to another bank and treasury has been shown that the bank has enough clearance there to lessen your bank has borrowed from other financial institution of 39.83%
 Bank reduced its liabilities against assets subject to finance lease by 32.26%.
 Bank has also reduced its other obligations by 59.79%, which is a good sign for Zarai Taraqiati Bank Limited (ZTBL).
 Total liabilities have increased by 14.82%, but this increase is less than the increase in total assets. The increase of total asset is 17.22%.
 Action capital increased by 56% in general there is a trend of increasing profits.
Conclusion
The balance sheet also shows that bank assets has increased compared to bank liabilities before tax profit is also showing an increasing trend, which is a good sign. All horizontal analysis bank is showing the healthy position of the bank. After analyzing the balance sheet horizontal, we can assume that the bank is doing a very good job in increasing their share of wealth holders.
Horizontal Analysis of Profit and Loss Account
Zarai Taraqiati Bank Limited (ZTBL)
2010-2011
 Bank marked earned on loans increased by 39.72%, which is a good sign for the health of a bank.
Expenses  marked decline has been 71.135%, which is a good sign and shows the efficiency of the management in the field of deposits.
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