Askari Exchange
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Askari Exchange
Askari Bank Limited ( ) is a Pakistani commercial and retail bank headquartered in Islamabad. It is a subsidiary of Fauji Fertilizer Company, which is part of Fauji Foundation. History Askari Bank was founded in October 1991 as Askari Commercial Bank and a year later it was listed on the Karachi Stock Exchange. In November 2006, Askari Bank established a wholly-owned asset management firm named Askari Investment Management Limited. In June 2013, Askari Bank was acquired by Fauji Foundation from Army Welfare Trust. In January 2017, Askari Bank sold its subsidiary Askari Investment Management to Pak Oman Asset Management for . In September 2020, Askari Bank acquired Askari Securities which is now a wholly-owned subsidiary. Branches Askari Bank has 600 branches and more than 500 ATMs across Pakistan and a wholesale bank branch in Bahrain. See also *List of banks in Pakistan The following list contains all the notable banks in Pakistan. State Bank of Pakistan is the Central ...
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KSE 100 Index
The KSE-100 Index is a total return stock index acting as a benchmark to compare prices on the Pakistan Stock Exchange (PSX) over a period. In determining representative companies to compute the index on, companies with the highest market capitalization are selected. However, to ensure full market representation, the company with the highest market capitalization from each sector is also included. History KSE 100 Index was launched in November 1991 with a base of 1,000 points. In November 1994, Baring Securities London recomposed the index and established rules for its recomposition. Steady growth In 2001, the Karachi Stock Exchange (KSE) became the highest-performing stock market globally, supported by macroeconomic policies that increased foreign exchange reserves above five billion dollars and strengthened the rupee. Daily trading volumes reached approximately 200 million shares. The market's positive trajectory was temporarily affected by military tensions following ...
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Commercial Bank
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with wholesale banking to corporations or large or middle-sized businesses, to differentiate from retail banks and investment banks. Commercial banks include private sector banks and public sector banks. However, central banks function differently from commercial banks, despite a common misconception known as the "bank analogy". Unlike commercial banks, central banks are not primarily focused on generating profits and cannot become insolvent in the same way as commercial banks in a fiat currency system. History The name ''bank'' derives from the Italian word ''banco'' 'desk/bench', used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of ...
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Companies In The KSE 100 Index
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ...
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Companies Listed On The Pakistan Stock Exchange
A company, abbreviated as co., is a Legal personality, legal entity representing an association of legal people, whether Natural person, natural, Juridical person, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the State (polity), state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * List of legal entity types by country, business entities, whose aim is to generate sales, revenue, and For-profit, profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limi ...
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Banks Of Pakistan
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. As 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 ancien ...
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Pakistani Companies Established In 1991
Pakistanis (, ) are the citizens and nationals of the Islamic Republic of Pakistan. Pakistan is the fifth-most populous country, with a population of over 241.5 million, having the second-largest Muslim population as of 2023. As much as 85-90% of the population follows Sunni Islam. A majority of around 97% of Pakistanis are Muslims. The majority of Pakistanis natively speak languages belonging to the Indo-Iranic family ( Indo-Aryan and Iranic subfamilies). Located in South Asia, the country is also the source of a significantly large diaspora, most of whom reside in the Arab countries of the Persian Gulf, with an estimated population of 4.7 million. The second-largest Pakistani diaspora resides throughout both Northwestern Europe and Western Europe, where there are an estimated 2.4 million; over half of this figure resides in the United Kingdom (see British Pakistanis). Ethnic subgroups Ethnically, Indo-Aryan peoples comprise the majority of the population in the ...
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Banks Established In 1992
A bank is a financial institution that accepts Deposit account, 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. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, 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 accounting liquidity, 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 o ...
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1991 Initial Public Offerings
It was the final year of the Cold War, which had begun in 1947. During the year, the Soviet Union Dissolution of the Soviet Union, collapsed, leaving Post-soviet states, fifteen sovereign republics and the Commonwealth of Independent States, CIS in its place. In July 1991, India abandoned its policies of dirigism, license raj and autarky and began extensive Economic liberalisation in India, liberalisation to its economy. This increased Economy of India, GDP but also increased income inequality in India, income inequality over the next two decades. A United Nations, UN-authorized coalition of the Gulf War, coalition force from 34 nations fought against Ba'athist Iraq, Iraq, which had Invasion of Kuwait, invaded and Kuwait Governorate, annexed Kuwait in the previous year, 1990. The conflict would be called the Gulf War and would mark the beginning of a since-constant American military presence in the Middle East. The clash between Republic of Serbia (1990–2006), Serbia and t ...
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List Of Banks In Pakistan
The following list contains all the notable banks in Pakistan. State Bank of Pakistan is the Central Bank of Pakistan. Systemically Important Banks Domestically Systemically Important Banks Source: * * Scheduled Banks Public Sector Banks Private Banks Public Sector Non-Schedule Banks # Bank of Azad Jammu and Kashmir Private Banks # Habib Bank AG Zurich (Parent of HabibMetro) # Silkbank (Subsidiary of United Bank Limited) Islamic banks Many Islamic Banks are working in Pakistan. The list of banks is given below: # Meezan Bank Limited # Soneri Mustaqeem Islamic Bank # Dubai Islamic Bank # Al Baraka Bank (Pakistan) Limited - Al Baraka Bank # Bank Alfalah Islamic # Bank Makramah Limited (BML) # BankIslami Pakistan Limited # Askari Bank Limited # MCB Islamic Banking # UBL Islamic Banking # HBL Islamic Banking # NBP Islamic Banking # Bank Al Habib Islamic Banking # Bank of Punjab Islamic Banking # Faysal Bank (Islamic) # HabibMetro (Sirat Islam ...
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Bahrain
Bahrain, officially the Kingdom of Bahrain, is an island country in West Asia. Situated on the Persian Gulf, it comprises a small archipelago of 50 natural islands and an additional 33 artificial islands, centered on Bahrain Island, which makes up around 83 percent of the country's landmass. Bahrain is situated between Qatar and the northeastern coast of Saudi Arabia, to which it is connected by the King Fahd Causeway. The population of Bahrain is 1,501,635 as of 14 May 2023, of whom 712,362 (47.44%) are Bahraini nationals and 789,273 are expatriates spanning 2,000 ethnicities (52.56% of the country's population of 1,501,635). Bahrain spans some , and is the List of countries and dependencies by area, third-smallest nation in Asia after the Maldives and Singapore. The capital and largest city is Manama. According to archeologist Geoffrey Bibby, Bahrain is the site of the ancient Dilmun civilization. though locally the islands were controlled by the Shia Jarwanids, Jarwanid dyn ...
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Army Welfare Trust
Army Welfare Trust (AWT), also known as Askari Group, is a Pakistani conglomerate based in Rawalpindi. The Army Welfare Trust, along with Fauji Foundation, are run by ex-military personnel of the Pakistan Army. The companies provide employment opportunities to ex-military personnel and generate funds for the welfare and rehabilitation of orphans, widows of deceased soldiers, and disabled personnel of the army. History Army Welfare Trust (AWT) was established in 1971 as a society under the Societies Registration Act of 1860, with an initial endowment of Rs 0.7 million. It became fully operational in 1977. The first commercial unit of the trust was a stud farm located in Probyanabad which it received from Pakistan Army in 1972. In 1984, AWT Sugar Mills was established in Badin with an initial crushing capacity of 2000 tonnes per day (TPD) which was later increased to 3400 TPD. In the same year, stud farm in Boyle Gunj came under the control of AWT. In 1988, AWT Rice Mills was ...
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Karachi Stock Exchange
The Pakistan Stock Exchange (PSX), founded as Karachi Stock Exchange (KSE), is a stock exchange based in Karachi, Pakistan. PSX was classified by MSCI as a Frontier markets, frontier market on 8 September 2021. Pakistan Stock Exchange was founded in 1947 as Karachi Stock Exchange, In January 2016, Karachi Stock Exchange was renamed as Pakistan Stock Exchange after the merger of the Lahore Stock Exchange and Islamabad Stock Exchange. Investors on the exchanges include 1,886 foreign institutional investors and 883 domestic institutional investors along with about 220,000 retail investors. There are also about 400 brokerage houses which are members of the PSX as well as 21 asset management companies. As of year-end 2024, PSX has a total of 525 listed companies with a total market capitalization of 14.495 trillion PKR. History 1947–2016: Karachi Stock Exchange Founded on 18 September 1947, Karachi Stock Exchange Limited (KSE) was registered in Pakistan. It was located at the ...
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