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Bank Of Khyber
The Bank of Khyber ( ) is a provincial government bank owned by Government of Khyber Pakhtunkhwa and based in Peshawar, Pakistan, with 260 branches all over the country. History It was set up as a state-owned, regional bank in 1991 along with the Bank of Punjab and the First Women Bank. It offers Conventional banking, Islamic banking services and microfinance loans. In January 2006, the bank had an initial public offering of its shares at 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 fou ... at an offer price of PKR 15. Branch network Currently the bank has 260 branches as of August 2023. The bank is operating with Conventional as well as dedicated Islamic Banking Branches. Further, sub branches and booths are also providing basic banking facilities to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Khyber Pakhtunkhwa
The Government of Khyber Pakhtunkhwa (; ), is the provincial government of the Administrative units of Pakistan, Pakistani province of Khyber Pakhtunkhwa. Its powers and structure are set out in the provisions of the Constitution of Pakistan, 1973 Constitution, in which Districts of Pakistan#Khyber Pakhtunkhwa, 32 districts come under its authority and jurisdiction. The government includes the cabinet, selected from members the Khyber Pakhtunkhwa Assembly, and the non-political civil staff within each department. The province is governed by a unicameral legislature with the head of government known as the Chief Minister of Khyber Pakhtunkhwa, Chief Minister. The Chief Minister, invariably the leader of a political party represented in the Assembly, selects members of the Cabinet. The Chief Minister and Cabinet are thus responsible the functioning of government and are entitled to remain in office so long as it maintains the confidence of the elected Assembly. The head of the prov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ismail Industries Limited
Ismail Industries Limited (), also known as Ismail Group, is a Pakistani confectionery and snack food manufacturer headquartered in Karachi, Pakistan. It owns AstroPack, CandyLand, Bisconni and SnackCity brands. History Ismail Industries' history goes back to a confectionery factory founded by Haji Ahmad Chandia in Sukkur during the 1960s. The business was unsuccessful, so the factory was closed in 1964. Later, Chandia founded another confectionery business with his four sons called Union Biscuit Private Limited in Karachi. The business was successful, but began to decline with the death of the heir apparent, Ismail. Following his death, the family reestablished a company in his name called Ismail Industries Limited in 1988. The company was listed on the Karachi Stock Exchange in 1989. Miftah Ismail, former Finance Minister of Pakistan, joined his family business in 1994 after completing his education in the U.S. In 1990, Ismail Industries established its first subsidiary, Cand ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peshawar
Peshawar is the capital and List of cities in Khyber Pakhtunkhwa by population, largest city of the Administrative units of Pakistan, Pakistani province of Khyber Pakhtunkhwa. It is the sixth most populous city of Pakistan, with a district population of over 4.7 million in the 2023 census. It is situated in the north-west of the country, lying in the Valley of Peshawar. Peshawar is primarily populated by Pashtuns, who comprise the second-largest ethnic group in the country. Situated in the Valley of Peshawar, a broad area situated east of the historic Khyber Pass, Peshawar's recorded history dates back to at least 539 BCE, making it one of the oldest cities in South Asia. The area encompassing modern-day Peshawar is mentioned in the Vedic scriptures; it was one of the principal cities of the Gandhara, ancient Gāndhāra. Peshawar served as the capital of the Kushan Empire during the rule of Kanishka and was home to the Kanishka Stupa, which was among the tallest buildings in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pakistan
Pakistan, officially the Islamic Republic of Pakistan, is a country in South Asia. It is the List of countries and dependencies by population, fifth-most populous country, with a population of over 241.5 million, having the Islam by country#Countries, second-largest Muslim population as of 2023. Islamabad is the nation's capital, while Karachi is List of cities in Pakistan by population, its largest city and financial centre. Pakistan is the List of countries and dependencies by area, 33rd-largest country by area. Bounded by the Arabian Sea on the south, the Gulf of Oman on the southwest, and the Sir Creek on the southeast, it shares land borders with India to the east; Afghanistan to the west; Iran to the southwest; and China to the northeast. It shares a maritime border with Oman in the Gulf of Oman, and is separated from Tajikistan in the northwest by Afghanistan's narrow Wakhan Corridor. Pakistan is the site of History of Pakistan, several ancient cultures, including the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Punjab
The Bank of Punjab ( ) is a Pakistani government-owned bank which is based in Lahore, Punjab. It is owned by the Government of Punjab, Pakistan. History 1989–2000: Initial years The Bank of Punjab was founded in October 1989, pursuant to the Bank of Punjab Act 1989, by the provincial government of Punjab under the leadership of then-Chief Minister Nawaz Sharif. The initiative was part of the provincial government's efforts to utilize its financial resources to support local policy objectives during the resurgence of multi-party democracy in the late 1980s. Due to political instability in the early 1990s, the bank's establishment was delayed until 1994, when it received scheduled bank status under Chief Minister Manzoor Wattoo and approval from the State Bank of Pakistan. In 1991, the Bank of Punjab was listed on the Karachi Stock Exchange, following an initial public offering. A year later, the bank established First Punjab Modaraba, a wholly owned subsidiary of the bank. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Women Bank
First Women Bank Limited (FWBL) is a Pakistani state-owned commercial bank for women with headquarters in Karachi. History The blueprint for infrastructure of the Bank was designed by Akram Khatoon. She presented it in 1988 to then Prime Minister Benazir Bhutto, who approved to set up the bank in December 1988. The bank was incorporated with a paid up capital of PKR 100 million which was subscribed by the state-owned banks. Its original charter mandated that the bank would employ women and extend small business loans exclusively to women. he first branch of the bank was opened in Karachi in December 1989, and by 1991, it had 15 branches throughout the country. Ownership The Government of Pakistan now owns majority shareholding in the bank. The remaining shares are held by the five big commercial banks – National Bank of Pakistan, Habib Bank Limited, Muslim Commercial Bank Limited, United Bank Limited United Bank Limited (often abbreviated as UBL) is a Pakistani bank he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Banking
Islamic banking, Islamic finance ( ''masrifiyya 'islamia''), 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 finance include '' mudarabah'' (profit-sharing and loss-bearing), '' wadiah'' (safekeeping), '' musharaka'' (joint venture), '' murabahah'' (cost-plus), and '' ijarah'' (leasing). Sharia prohibits ''riba'', or usury, generally 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 revi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1991
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 ancie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
