When are the selected candidates required to report at NIBAF? And what if they fail to report on the specified date?

They have already reported. In case of failure, it will be considered as an absence from the classes which will create problems for the trainee in the future.

how is the environment over there? i mean what u people do and all about your residence, etc

Have all the selected candidates reported? If not, SBP will probably send offer letters to the next best candidates, right?

is there any one who is going for OG1 interview at karachi and he or she is an engineer? i only hear the sound of crickets in OG1 thread

I will be appearing for OG-1, and I am engineering graduate.

Nauman when you have reported at NIBAF or I preciously want to ask when YPIP training at NIBAF started and how many candidates selected in 4th Batch,it's 60 or more !

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do you have any idea about the interview questions for engineers? is it the same as it was for OG2 ? No one is writing their interview details on OG1 Thread

Harry if you have a facebook account, you can search for the page " SBP OG-1 Batch III qualified candidates" Candidates have posted their interviews in details there.
Questions are related to your degree, especially the basics from the initial courses of your degree. They would ask you about your qualification and if you are or have been employed somewhere. I am an Economics graduate, therefore, half of my interview was about my internship experience at SBP , issues and learning outcomes. The other half was based on mathematics for economists and micro economics. They did not ask questions related to banking, accounting or finance. Let me tell you that they are pretty aware of what you have studied and your job background before you enter the room.

Please maintain a low profile and listen to the questions carefully. I really enjoyed my interview. They won't be asking you rocket science. Even though Monetary Economics has been one of my subjects, they did not ask any question related to that. They were more interested in knowing what I know about the bank. How SBP BSC can be related and how they can be differentiated. Please have a thorough look at the monetary policy which is due in a couple of days, security features of notes, functions of SBP, SBP-BSC . As the interviews at Karachi were postponed, therefore, the level of difficulty can be slightly higher this time.

Hope this helped.

Even though they have mentioned the documents required for your interview, I would suggest you to get all your documents xeroxed. Before appearing for the interview, you are asked to arrange your documents in a sequence that is prescribed by the panel. However, people in the waiting lounge asked me for my "sanad(s)" and experience(internship) certificates.