|
MCB Bank
MCB Bank Limited () is a Pakistani multinational commercial bank which is based in Lahore, Punjab, Pakistan. The majority of shares are owned by Pakistani conglomerate Nishat Group and Malaysian bank Maybank. The bank has a network of 1,600 branches in Pakistan. It was incorporated by the Adamjee Group on July 9, 1947. The bank was established to provide banking facilities to the business community of South Asia. The bank was nationalized in 1974 during the government of Zulfikar Ali Bhutto. This was the first bank to be privatized in 1991 and the bank was purchased by a consortium of Pakistani corporate groups led by Nishat Group. As of June 2008, the Nishat Group owns a majority stake in the bank. The current President/CEO of the bank is Shoaib Mumtaz. The group has a presence in the business sectors of the country such as banking, textile, cement, and insurance. Mian Muhammad Mansha is chairman of both the group and MCB. The bank has established an Islamic Banking un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zulfikar Ali Bhutto
Zulfikar (or Zulfiqar) Ali Bhutto ( ur, , sd, ذوالفقار علي ڀٽو; 5 January 1928 – 4 April 1979), also known as Quaid-e-Awam ("the People's Leader"), was a Pakistani barrister, politician and statesman who served as the fourth President from 1971 to 1973, and later as the ninth Prime Minister of Pakistan from 1973 to 1977. Bhutto is an icon of leadership for his efforts to preserve and lead the nation after the Bangladesh Liberation War. His government drafted the Constitution of Pakistan in 1973, which is the current constitution of the country. He was the founder of the Pakistan People's Party (PPP) and served as its chairman until his execution. Bhutto's execution in 1979, till this day is widely recognised as a judicial murder ordered by then dictator General Zia-ul-Haq. His daughter, Benazir Bhutto later led the PPP and became the 11th and 13th Prime Minister of Pakistan; his grandson, Bilawal Bhutto Zardari is the current chairman of PPP and is s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1947
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Banks In Pakistan
The following is the list of notable banks in Pakistan. State Bank of Pakistan is the Central Bank of Pakistan. Systemically Important Banks Domestically Systemically Important Banks * Habib Bank Limited (HBL) * National Bank of Pakistan (NBP) * United Bank Limited (UBL) Total number of Schedule Banks # Al Baraka Bank (Pakistan) Limited # Allied Bank Limited (ABL) # Askari Bank # Bank Alfalah Limited (BAFL) # Bank Al-Habib Limited (BAHL) # BankIslami Pakistan Limited # Bank of Punjab (BOP) # Bank of Khyber # Deutsche Bank A.G # Dubai Islamic Bank Pakistan Limited (DIB Pakistan) # Faysal Bank Limited (FBL) # First Women Bank Limited # Habib Bank Limited (HBL) # Habib Metropolitan Bank Limited # Industrial and Commercial Bank of China # Industrial Development Bank of Pakistan # JS Bank Limited # MCB Bank Limited # MCB Islamic Bank Limited # Meezan Bank Limited # National Bank of Pakistan (NBP) # Summit Bank Pakistan # Standard Chartered Bank (Pakistan) Limited ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Pakistan
Pakistan is a low income developing country. Its economy is the 23rd-largest worldwide in terms of GDP based on purchasing power parity (PPP). According to a 2021 estimate, the Country has a population of 227 million people ( 5th-largest worldwide). As of FY22, the nominal GDP of Pakistan stands at with a nominal GDP per capita of (177th worldwide); its GDP based on PPP stands at with a GDP (PPP) per capita of (168th worldwide). Pakistan is a developing country with a semi-industrial economy. Primary export commodities include textiles, leather goods, sports equipment, chemicals, and carpets/rugs. The growth poles of Pakistan's economy are situated along the Indus River; the diversified economies of Karachi and major urban centres in Punjab, co-existing with lesser developed areas in other parts of the country. The Pakistani economy has suffered in the past from internal political turmoil, a rapidly growing population, and mixed levels of foreign investment. Foreign ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MCB BOKT
MCB or mcb may refer to: Science and technology * ''Molecular and Cellular Biology'', a scientific journal * Monochlorobenzene, an organic solvent * Miniature circuit breaker, in electrical distribution boards * Manually Controlled Barriers, a type of level crossing in the UK Organisations * Mauritius Commercial Bank, the oldest and largest banking institution in Mauritius ** MCB Group, a financial services holding company based in Mauritius, Mauritius Commercial Bank's holding company * Muslim Commercial Bank, former name of MCB Bank Limited, a network of banks in Pakistan * Maidenhead Citadel Band, of The Salvation Army * Methodist College Belfast, a voluntary grammar school in Belfast, Northern Ireland * Muslim Council of Britain, an umbrella body for 500 mosques, schools and associations in Britain * '' Movimiento Continental Bolivariano'', Spanish name of the Bolivarian Continental Movement, a left-wing political movement in Latin America Transport * McComb (Amtrak sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MCB Islamic Bank Limited
MCB Islamic Bank is a Pakistani Islamic bank which is a subsidiary of MCB Bank MCB Bank Limited () is a Pakistani multinational commercial bank which is based in Lahore, Punjab, Pakistan. The majority of shares are owned by Pakistani conglomerate Nishat Group and Malaysian bank Maybank. The bank has a network of 1,600 bran .... It was established in 14 September 2015. In 2015, MIB was established as a demerger from MCB and NIB Bank for . References {{DEFAULTSORT:MCB Islamic Bank Nishat Group Banks established in 2015 Islamic banks of Pakistan Companies based in Lahore Pakistani companies established in 2015 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MNET (interbank Network)
MNET Services Private Limited was a Pakistani operator of inter-bank connectivity platform of MCB Bank Ltd (formerly known as Muslim Commercial Bank) for online financial transaction processing and offers a managed services portfolio that includes card personalisation & management, mobile payment services and ATM & POS controller hosting. History Incorporated in 2001, MNET was the first company in Pakistan to provide a secure electronic inter-bank connectivity platform for online financial transactions. In 2002, SBP circular for the mandatory connectivity of either of the two switches ( 1LINK or MNET). In 2004, SBP instructed 1LINK and MNET to interconnect with each other. The company is now being closed as MCB has now become a member bank of 1LINK. MNET services amalgamation with and into MCB Bank MNET Services (Private) Limited amalgamated with and into MCB Bank MCB Bank Limited () is a Pakistani multinational commercial bank which is based in Lahore, Punjab, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NIB Bank
NIB Bank was a Pakistani bank which was based in Karachi, Pakistan. It was formed in 2003 as a result of merger of IFIC Bank and the National Development Leasing Corporation (NDLC), and this newly formed entity was called the NDLC-IFIC Bank (NIB). The bank was established through the efforts of Khuwaja Iqbal Hassan and Sultan Ali Allana (now Chairman, HBL). In 2004, soon after NIB's creation, Fullerton Financial Holdings a subsidiary of Temasek Holdings Temasek Holdings (Private) Limited, or simply Temasek, is a Singaporean state holding company owned by the Government of Singapore. Incorporated on 25 June 1974, Temasek owns and manages a total of US$496.59 billion (S$671 billion) in assets un ... acquired a majority stake in the bank. This was one of the largest Direct Foreign Investment in Pakistan at that time. Fullerton Financial Holdings at that time, had stakes in banks across Asia and ran highly successful SME and Commercial businesses. Their models were adopted in NI ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karachi
Karachi (; ur, ; ; ) is the most populous city in Pakistan and 12th most populous city in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast. It is the former capital of Pakistan and capital of the province of Sindh. Ranked as a beta-global city, it is Pakistan's premier industrial and financial centre, with an estimated GDP of over $200 billion ( PPP) . Karachi paid $9billion (25% of whole country) as tax during fiscal year July 2021 to May 2022 according to FBR report. Karachi is Pakistan's most cosmopolitan city, linguistically, ethnically, and religiously diverse, as well as one of Pakistan's most secular and socially liberal cities. Karachi serves as a transport hub, and contains Pakistan’s two largest seaports, the Port of Karachi and Port Qasim, as well as Pakistan's busiest airport, Jinnah International Airport. Karachi is also a media center, home to news channels, film and f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Branch
A branch, sometimes called a ramus in botany, is a woody structural member connected to the central trunk of a tree (or sometimes a shrub). Large branches are known as boughs and small branches are known as twigs. The term '' twig'' usually refers to a terminus, while ''bough'' refers only to branches coming directly from the trunk. Due to a broad range of species of trees, branches and twigs can be found in many different shapes and sizes. While branches can be nearly horizontal, vertical, or diagonal, the majority of trees have upwardly diagonal branches. A number of mathematical properties are associated with tree branchings; they are natural examples of fractal patterns in nature, and, as observed by Leonardo da Vinci, their cross-sectional areas closely follow the da Vinci branching rule. Terminology Because of the enormous quantity of branches in the world, there are numerous names in English alone for them. In general however, unspecific words for a branch (su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Banking And Finance
Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include '' Mudarabah'' (profit-sharing and loss-bearing), ''Wadiah'' (safekeeping), ''Musharaka'' (joint venture), ''Murabahah'' (cost-plus), and ''Ijara'' (leasing). Sharia prohibits '' riba'', or usury, defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to ''riba''). Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also '' haram'' ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of the r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.jpg "Click for more on -> Branch")
