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Banking Sector Initiatives for E-Commerce Project

      Banking Sector Initiatives for E-Commerce: View-B of the Chronology    
Sr Chrono-logy Ref Date Activity Type of Activity Banks
1 1.2 4-Apr-00 Contacted Governor SBP, seeking SBP's and banks  participation in E-Commerce Working Group (ECWG) Coordination with SBP Banks
2 2.10 18-May-00 Prepared draft letter for SBP Governor to issue proposed TORs for enabling Internet Merchant Account. DFA1 Prepared TOR for Internet Merchant Accounts Banks
3 2.12 18-May-00 Prepared draft agenda for Minister's meeting with SBP Governor for coordination for EC implementation. DFA 3 Prepared proposals and meeting agenda Banks
4 2.30 30-May-00 Proposed e-Banking Plan to Governor SBP with Minister & Secy, MoST and ECWG members in Islamabad Prepared e-Banking plan,  presentation to SBP Governor Banks
5 3.2 3-Jun-00 Draft for Internet Merchant Account Circular and justification for Governor SBP from MoST ECWG meeting of 11 members for coordination with SBP Banks
6 3.9 9-Jun-00 Arrangements made for seminar on E-Commerce and E-Banking Coordination with Banks Banks
7 3.13 15-Jun-00 Circular for Internet Merchant Account from  SBP: FE-6 Output Result with coordination with SBP Banks
8 3.14 17-Jun-00 Info to Minister about Circular on Internet Merchant Accounts and proposal for seminars Coordination with MoST Banks
9 3.23 29-Jun-00 Coordination with Governor SBP for setting agenda and gaining consensus of banks on the e-Banking action plan Proposed issues for highlighting Banks
10 4.5* 13-Jul-00 Presentation of eBanking/EFT plan in seminar for bankers  Chaired by Governor SBP. Presentations by 5 area experts in e-Banking and e-Commerce Over 200 participants. SBP Governor presented with national, ECH, infrastructure proposals Banks
11 4.6 14-Jul-00 Coordination with NIFT on Electronic Clearing plans Coordination with SBP Banks
12 5.1 1-Aug-00 Governor SBP endorse  financial sector EC action plan & forms Electronic Clearing House Task Force in a meeting with FWG participants Achievement of FWG Banks
13 5.4 7-Aug-00 E-Comemrce/E-Banking Plan presentation to ECH Task Force of SBP: briefing on the objectives of the task force Coordination with SBP, banks Banks
14 5.13 25-Aug-00 Development of  Survey questionnaire to determine status of automation of banks in coordination with ECWG and ECH Task Force Coordination with SBP Banks
15 6.9 16-Sep-00 Development of guidelines for Infrastructure, Awareness & Communication, Technology for ECH.  ECH Task Force meeting of over 12 stakeholders Banks
16 8.10 24-Nov-00 ECH Task Force Meeting at SBP to discuss the pilot project for Bank2Bank electronic funds transfer  Coordination with SBP for consensus building of bankers Banks
17 8.12 28-Nov-00 Prepared draft agenda for meeting with SBP Governor to finalize action items of 17th Nov Seminar and meeting with Minister MoST Coordination for MoSTand  SBP's joint initiatives for E-Banking Banks
18 9.5 7-Dec-00 Visit of Governor SBP to MoST and assignment of Dr. Irfan Hyder to officially coordinate with Banks on roadmap Coordination with MoST, SBP and ECWG Banks
19 9.12 20-Dec-00 NBP's president's letter to Governor SBP regarding progress on IT state Coordination with banks Banks
20 10.1 9-Jan-01 Letter of President HBL to Governor SBP on e-commerce plan forwarded to Minister S&T. Study and evaluation of the bank's readiness status Banks
21 10.5 18-Jan-01 Minister's reply to HBL on the reported status and direction for preparing a clear 18 month plan Coordination with banks and MoST Banks
22 10.6 22-Jan-01 MoST's letter to SBP on the  pace of implementation of Internet Merchant Account Coordination with banks and SBP Banks
23 10.11 27-Jan-01 Correspondence of banks, SBP& MoST forwarded to Dr. Irfan Hyder for comments, evaluation and followup Coordination with banks Banks
24 10.13 27-Jan-01 Submission of pilot project details to SBP and expression of interest of SBP for participation in electronic reporting to SBP project Progress on implementing the pilot project in coordination with SBP Banks
25 10.14 30-Jan-01 Preparation of Inter-Bank EFT Pilot Project Report by ECH Task Force Coordination with banks and development of the pilot project Banks
26 11.8 18-Feb-01 Developed a framework for quarterly evaluation of banks' IT roadmaps as desired by Minister S&T.  Sent to banks by Ministry Translation of MoST's expectations in to a compact questionnaire Banks
27 13.1 2-Apr-01 Minister's assignment to prepare replies for NBP and MCB Coordination with MoST Banks
28 13.5 9-Apr-01 Meeting with SBP to finalize the pilot project details for the approved PC-1 and initiation of implementation Coordination with SBP Banks
29 13.16 30-Apr-01 Evaluated MCB roadmap & developed a Draft Reply for MCB for MoST to followup Coordination with MoST and Banks Banks
30 14.1 2-May-01 Evaluated HBL's roadmap & developed draft comments for MoST to followup Coordination with MoST and Banks Banks
31 14.2* 7-May-01 Minister S&T apprised on developments in E-Commerce Financial sector implementation plan. Islamabad visit Meeting in Islamabad to review execution status Banks
32 14.3 7-May-01 Developed a draft reply for Governor SBP from MoST on IT status of banks and way forward Coordination with MoST and SBP Banks
33 14.4 7-May-01 Evaluated NBP's roadmap and developed draft reply for MoST to send to NBP Coordination with MoST and banks Banks
34 14.6 9-May-01 Minister MoST issues e-Banking Reply to SBP based on the submitted draft Coordination with MoST & banks Banks
35 14.7* 11-May-01 Meeting with Governor State bank and SBP officials for implementation of Internet merchant account May 11th. Merchant account progress and roadmap issues Banks
36 14.8* 11-May-01 Meeting with NBP officials to discuss E-Banking roadmap  Evaluation of NBP's automation Banks
37 14.10* 14-May-01 Meeting with Network Solution Providers for EFT solutions Evaluation of EFT solutions Banks
38 14.11* 14-May-01 Meeting with SCB delegation from UAE for merchant accounts Merchant account's infrastructure Banks
39 14.14* 18-May-01 Meeting with NBP officials to discuss E-Banking roadmap  Evaluation and coordination Banks
40 15.1 6-Jun-01 Meeting with Bank representatives, legal consultant on IT legislation at SBP Coordination with SBP & MoST Banks
41 16.1b 7-Jul-01 Correspondence of MCB, SBP, MoST sent for replying Coordination with MoST & banks Banks
42 17.3 6-Aug-01 Prepared draft agenda for Minister's meeting with Governor SBP Coordination with MoST & SBP Banks
43 17.8* 22-Aug-01 Meeting of advisor MoST with Governor SBP, EC financial working group to review the implementation status Coordination with banks & MoST Banks
44 18.3 28-Sep-01 ECH Task Force Meeting to discuss ECH proposals and status Coordination with banks & SBP Banks
45 18.6 2-Jan-02 Development of Survey form for e-Banking Status for submission to SBP Coordination with banks & SBP Banks
46 18.7* 2-Jan-02 Finalization of ECH Task Force report and presentation to Governor  Coordination with banks &SBP Banks