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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 216 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. The bank had an initial public offering of its shares at Karachi Stock Exchange The Karachi Stock Exchange ( ur, or PSX-KSE) was a stock exchange located in Karachi, Pakistan. Since 1947, it has been located at the Stock Exchange Building on I. I. Chundrigar Road. It has now been consolidated in the Pakistan Stock Exchan ... in January 2006. Branch network Currently the bank has 191 branches as of August 2021. 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 customers. Through this network, th ...
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Government Of Khyber Pakhtunkhwa
The Government of Khyber Pakhtunkhwa ( ur, ; ps, د خیبر پښتونخوا حکومت), is the provincial government of the Pakistani province of Khyber Pakhtunkhwa. Its powers and structure are set out in the provisions of the 1973 Constitution, in which 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. 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 province is known as the Governor, appointed by the federal government, on behalf of the Pres ...
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Ismail Industries Limited
Ismail Industries Limited () is a Pakistani confectionery and snack food manufacturer which owns AstroPack, CandyLand, Bisconni and SnackCity brands. History The company was founded in 1988. In 2015, the company's director and CEO was Maqsood Ismail. Brands * CandyLand * Bisconni * SnackCity Factories The company currently operates three factories in the following cities: * Hub, Balochistan * Lahore * 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 cap ... References External linksIsmail Industries Limited - official website Pakistani brands Food and drink companies established in 1988 Food manufacturers of Pakistan Companies listed on the Pakistan Stock Exchange Pakistani companies established in 1988 {{Pakistan-company-stub ...
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Bank
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 ...
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Peshawar
Peshawar (; ps, پېښور ; hnd, ; ; ur, ) is the sixth most populous city in Pakistan, with a population of over 2.3 million. It is situated in the north-west of the country, close to the International border with Afghanistan. It is the capital of the province of Khyber Pakhtunkhwa, where it is the largest city. 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. Peshawer is among the oldest continuously inhabited cities of the country. The area encompassing modern-day Peshawar is mentioned in Vedic scriptures; it 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 the ancient world. Peshawar was then ruled by the Hephtha ...
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Pakistan
Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 243 million people, and has the world's Islam by country#Countries, second-largest Muslim population just behind Indonesia. Pakistan is the List of countries and dependencies by area, 33rd-largest country in the world by area and 2nd largest in South Asia, spanning . It has a coastline along the Arabian Sea and Gulf of Oman in the south, and is bordered by India to India–Pakistan border, the east, Afghanistan to Durand Line, the west, Iran to Iran–Pakistan border, the southwest, and China to China–Pakistan border, the northeast. It is separated narrowly from Tajikistan by Afghanistan's Wakhan Corridor in the north, and also shares a maritime border with Oman. Islamabad is the nation's capital, while Karachi is its largest city and fina ...
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Bank Of Punjab
The Bank of Punjab () is a Pakistani bank which is based in Lahore, Pakistan. It serves Pakistan and functions as an international bank and is one of the prominent financial institutions of the country holding AA ratings from Pakistan Credit Rating Agency (PACRA). History The bank was established in October 1989, pursuant to The Bank of Punjab Act 1989, and was given the status of a retail bank in 1994. Overview The Bank of Punjab was founded by Tajammal Hussain and it functions as a scheduled commercial bank, with a network of over 587 branches in major business centres throughout the country. It is the seventh largest commercial bank of the country. It provides a wide range of banking services including deposit in local currency; client deposit in foreign currency; remittances; and advances to business, trade, industry and agriculture. First Punjab Modaraba (FPM), a wholly owned subsidiary of the bank, was established in 1992, and is being managed by Punjab Modaraba Services (P ...
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First Women Bank
First Women Bank Limited (FWBL) is a commercial bank located in Karachi, Pakistan chartered to meet the special needs of women. History The blueprint for infrastructure of the Bank was designed by Akram Khatoon, a senior banker who worked for the Muslim Commercial Bank for 27 years. She presented it in 1988 to the Prime Minister Benazir Bhutto. who approved to set up the bank in December 1988. The Bank commenced its business on 2 December 1988 with a paid up capital of PKR 100 Million. The Government of Pakistan now owns majority shareholding (more than 80%) 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 and Allied Bank Limited Allied Bank Limited () is the fifth largest commercial bank in Pakistan and is a subsidiary of Ibrahim Group. Allied Bank with its registered office in Lahore is one of the largest banks within the country with over 14 ...
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Islamic Banking
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 revi ...
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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 by the ...
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Karachi Stock Exchange
The Karachi Stock Exchange ( ur, or PSX-KSE) was a stock exchange located in Karachi, Pakistan. Since 1947, it has been located at the Stock Exchange Building on I. I. Chundrigar Road. It has now been consolidated in the Pakistan Stock Exchange, along with the Lahore Stock Exchange and Islamabad Stock Exchange. The KSE was Pakistan's largest and oldest stock exchange. According to Bloomberg, the Pakistani benchmark stock market index is the third-best performer in the world since 2009. In June 2015, Khaleej Times reported that since 2009, Pakistani equities delivered 26% a year for US dollar investors, making Karachi the top-performing stock exchange in the world. History The Karachi Stock Exchange was established on 18 September 1947, after the arrival of the educated and affluent Muhajirs, and was incorporated as Karachi Stock Exchange Limited on 10 March 1949. The KSE began with 5 companies as ''KSE 50'' with a total market capitalization of . For over 60 years, the KSE ...
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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. 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 ...
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