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Bank Of Azad Jammu And Kashmir
Bank of Azad Jammu & Kashmir is the state-owned bank of Government of Azad Kashmir which is based in Muzaffarabad Muzaffarabad (; ur, ) is the capital and largest city of Azad Kashmir, and the 60th largest in Pakistan. The city is located in Muzaffarabad District, near the confluence of the Jhelum and Neelum rivers. The district is bounded by the Pak ..., Azad Kashmir. It was founded in 2005. The bank has 80 branches all of which are located in Azad Kashmir. Record bigh assets The total assets value of the bank reached the highest level in the first six months of the 2022 calendar year, hence setting a record in the institutions 15-year history. See also * Economy of Azad Kashmir References Banks of Pakistan Economy of Azad Kashmir Muzaffarabad District Pakistani companies established in 2005 Banks established in 2005 Government-owned banks of Pakistan {{Bank-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
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 a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital Markets
A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers to those who can put it to long-term productive use, such as companies or governments making long-term investments. Financial regulators like Securities and Exchange Board of India (SEBI), Bank of England (BoE) and the U.S. Securities and Exchange Commission (SEC) oversee capital markets to protect investors against fraud, among other duties. Transactions on capital markets are generally managed by entities within the financial sector or the treasury departments of governments and corporations, but some can be accessed directly by the public. As an example, in the United States, any American citizen with an internet connection can create an account with TreasuryDirect and use it to buy bonds in the primary market, though sales to individual ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muzaffarabad
Muzaffarabad (; ur, ) is the capital and largest city of Azad Kashmir, and the 60th largest in Pakistan. The city is located in Muzaffarabad District, near the confluence of the Jhelum and Neelum rivers. The district is bounded by the Pakistani province of Khyber Pakhtunkhwa in the west, the Kupwara and Baramulla districts of Indian-administered Jammu and Kashmir in the east, and the Neelum District in the north. History Muzaffarabad was founded in 1646 by Sultan Muzaffar Khan, chief of the Bomba tribe who ruled Kashmir. Khan also constructed the Red Fort that same year for the purpose of warding off incursions from the Mughal Empire. 2005 earthquake The city was near the epicenter of the 2005 Kashmir earthquake, which had a magnitude of 7.6 Mw. The earthquake destroyed about 50% of the buildings in the city (including most government buildings) and is estimated to have killed up to 80,000 people in the Pakistani-controlled areas. , the Pakistani government's offi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Azad Kashmir
Azad Jammu and Kashmir (; ), abbreviated as AJK and colloquially referred to as simply Azad Kashmir, is a region administered by Pakistan as a nominally self-governing entitySee: * * * and constituting the western portion of the larger Kashmir region, which has been the subject of a dispute between India and Pakistan since 1947.The application of the term "administered" to the various regions of Kashmir and a mention of the Kashmir dispute is supported by the tertiary sources (a) and (b), reflecting due weight in the coverage: (a) (subscription required) Quote: "Kashmir, region of the northwestern Indian subcontinent ... has been the subject of dispute between India and Pakistan since the partition of the Indian subcontinent in 1947. The northern and western portions are administered by Pakistan and comprise two areas: Azad Kashmir, Gilgit- Baltistan, the last being part of a territory called the Northern Areas. Administered by India are the southern and southeastern por ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Card
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the other agreed charges). The card issuer (usually a bank or credit union) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. There are two credit card groups: consumer credit cards and business credit cards. Most cards are plastic, but some are metal cards (stainless steel, gold, palladium, titanium), and a few gemstone-encrusted metal cards. A regular credit card is different from a charge card, which requires the balance to be repaid in full each month or at the end of each statement cycle. In contrast, credit cards allow the consumers to build a continuing balance of debt, subject to interest being charged. A credit car ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Calendar Year
Generally speaking, a calendar year begins on the New Year's Day of the given calendar system and ends on the day before the following New Year's Day, and thus consists of a whole number of days. A year can also be measured by starting on any other named day of the calendar, and ending on the day before this named day in the following year. This may be termed a "year's time", but not a "calendar year". To reconcile the calendar year with the astronomical cycle (which has a fractional number of days) certain years contain extra days ("leap days" or "intercalary days"). The Gregorian year, which is in use in most of the world, begins on January 1 and ends on December 31. It has a length of 365 days in an ordinary year, with 8760 hours, 525,600 minutes, or 31,536,000 seconds; but 366 days in a leap year, with 8784 hours, 527,040 minutes, or 31,622,400 seconds. With 97 leap years every 400 years, the year has an average length of 365.2425 days. Other formula-based calendars ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Azad Kashmir
The Government of Azad Kashmir ( ur, ) is the state government which administers one of the territories of Pakistani-administered Kashmir territories of Azad Kashmir. The Azad Kashmir government consists of a president as head of state and a prime minister as chief executive, with the support of a council of ministers. The state assembly is the Azad Kashmir Legislative Assembly. Executive The chief executive of the government is the prime minister, who is elected by the Azad Kashmir Legislative Assembly and is supported by a council of ministers. Departments and services * Auqaf Department * AJ&K Board of Revenue * Services & General Administration * Election Commission * Electricity Department * Food Department * Forest Department * Finance Department * Tourism Department * Industries & Commerce Department * Information Department * Information Technology Board * Law Department * Local Government * Police Department * Planning & Development * State Disaster Management Au ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Azad Kashmir
The economy of Kashmir is largely a developing one. The per capita income and provincial GDP estimates of Azad Kashmir are comparatively underrated when compared with development in other regions of the country although Azad Kashmir notably has a literacy rate that is substantially above the national average.Kashmir: The Economics of Peace Building' Azad Kashmir's economy is heavily dependent on agriculture, but also relies on remittances sent each year by members of the large Kashmiri diaspora. The Kashmiri diaspora in the United Kingdom have contributed greatly to the development of Azad Kashmir through their in-flow of remittances. In the southern districts, many men have been recruited into the Pakistani Armed Forces. Other locals travel to countries in Europe or the Middle East where they work in labour-oriented jobs. The local tourism industry has potential although is underdeveloped. Challenges faced by Azad Kashmir's economy include the devastating 2005 Kashmir earthquake ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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. 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 anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muzaffarabad District
The Muzaffarabad District ( ur, ) is one of the 10 districts of Pakistan's dependent territory of Azad Kashmir. The district is located on the banks of the Jhelum River, Jhelum and Neelum River, Neelum rivers and is very hilly. The total area of the Muzaffarabad District is . The district is part of the Muzaffarabad Division, and the city of Muzaffarabad serves as the capital of Azad Kashmir. The district is bounded on the north-east by the Neelum District and the Kupwara District of Indian-administered Jammu and Kashmir, on the south-east by the Hattian Bala District, on the south by the Bagh District, and on the west by the Mansehra District and the Abbottabad District of Pakistan's Khyber Pakhtunkhwa Province. Population and languages The total population of the district according to the 2017 census is 650,370. The main language of the district, spoken by about half of its inhabitants, is generally considered to be a variety of Pahari (Pothwari), Pahari. Though occasionall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 2005
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 anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
