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Industrial Development Bank
Industrial Development Bank of Pakistan () is located in Karachi, Sindh, Pakistan. It is among the oldest financing institutions in Pakistan. History Industrial Development Bank of Pakistan (IDBP) is one of Pakistan's oldest development financing institutions and was created with the primary objective of extending term finance for investment in the manufacturing sector of the economy. Over the years, however, the Bank has become an institution fostering the growth of Small and Medium Enterprises in the rural/less developed regions of the country. Industrial Development Bank of Pakistan is wholly owned by Pakistani Government entities with 57% of its shares held by the Federal Government, 36% by the State Bank of Pakistan and 7% by Provincial Governments and other public sector corporations. Its board of directors consists of representatives of the private sector appointed by the Ministry of Finance. The IDBP has suffered from significant losses due to loan defaults. By the ... [...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 fashi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marble
Marble is a metamorphic rock composed of recrystallized carbonate minerals, most commonly calcite or Dolomite (mineral), dolomite. Marble is typically not Foliation (geology), foliated (layered), although there are exceptions. In geology, the term ''marble'' refers to metamorphosed limestone, but its use in stonemasonry more broadly encompasses unmetamorphosed limestone. Marble is commonly used for Marble sculpture, sculpture and as a building material. Etymology The word "marble" derives from the Ancient Greek (), from (), "crystalline rock, shining stone", perhaps from the verb (), "to flash, sparkle, gleam"; Robert S. P. Beekes, R. S. P. Beekes has suggested that a "Pre-Greek origin is probable". This Stem (linguistics), stem is also the ancestor of the English language, English word "marmoreal," meaning "marble-like." While the English term "marble" resembles the French language, French , most other European languages (with words like "marmoreal") more closely resemb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Faisalabad
Faisalabad (; Punjabi/ ur, , ; ), formerly known as Lyallpur ( Punjabi, Urdu: لائل پور), named after the founder of the city, but was renamed in 1977 in honour of late King Faisal of Saudi Arabia. It is the 3rd largest city of Pakistan after Karachi and Lahore respectively, and the 2nd largest city of Punjab after Lahore. Faisalabad is one of Pakistan's wealthiest cities, the largest industrial hub and 2nd largest city of wider Punjab region. Historically one of the first planned cities within British India, it has long since developed into a cosmopolitan metropolis. Faisalabad was restructured into city district status; a devolution promulgated by the 2001 local government ordinance (LGO). The total area of Faisalabad District is while the area controlled by the Faisalabad Development Authority (FDA) is . Faisalabad has grown to become a major industrial and distribution centre because of its central location in the region and connecting roads, rails, and air ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Larkana
Larkana ( ur, , translit=lāṛkāna; sd, لاڙڪاڻو, translit=lāṛkāṇo) is a city located in the Sindh province of Pakistan. It is the 15th largest city of Pakistan by population. It is home to the Indus Valley civilization site Mohenjo-daro. The historic Indus River flows in east and south of the city. The city is located within Larkana District. Formerly known as " Chandka", Larkana is located on the south bank of the Ghar canal, about south of the town Shikarpur, and northeast of Mehar. According to the 2017 Census of Pakistan, its population is 490,508. Therefore, it is the fourth most populated city of Sindh province after Karachi, Hyderabad, and Sukkur. Moreover, Larkana city has been placed as fifteenth largest of Pakistan during Census 2017. Geography Larkana is situated at Latitude 24 56' 00' and Longitude 67 11' 00'. It is situated in northwest part of Sindh and it has own division. It is also included in Upper Sindh. Climate Larkana has a hot des ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyderabad Sindh
Hyderabad ( Sindhi and ur, ; ) is a city and the capital of Hyderabad Division in the Sindh province of Pakistan. It is the second-largest city in Sindh, and the eighth largest in Pakistan. Founded in 1768 by Mian Ghulam Shah Kalhoro of the Kalhora Dynasty, Hyderabad served as a provincial capital until the British transferred the capital to Bombay presidency in 1840. It is about inland of Karachi, the largest city of Pakistan, to which it is connected by a direct railway and M-9 motorway. Toponymy The city was named in honour of Ali, the fourth caliph and cousin of the Prophet Muhammad. Hyderabad's name translates literally as "Lion City"—from '' haydar'', meaning "lion," and '' ābād'', which is a suffix indicating a settlement. "Lion" references Ali's valour in battle, and so he is often referred to as ''Ali Haydar'', roughly meaning "Ali the Lionheart," by South Asian Muslims. History Founding The River Indus was changing course around 1757, resulting in peri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Punjab Pakistan
Punjab (; , ) is one of the four provinces of Pakistan. Located in central-eastern region of the country, Punjab is the second-largest province of Pakistan by land area and the largest province by population. It shares land borders with the Pakistani provinces of Khyber Pakhtunkhwa to the north-west, Balochistan to the south-west and Sindh to the south, as well as Islamabad Capital Territory to the north-west and Autonomous Territory of AJK to the north. It shares an International border with the Indian states of Rajasthan and Punjab to the east and Indian-administered Kashmir to the north-east. Punjab is the most fertile province of the country as River Indus and its four major tributaries Ravi, Jhelum, Chenab and Sutlej flow through it. The province forms the bulk of the transnational Punjab region, now divided among Pakistan and India. The provincial capital is Lahore — a cultural, modern, historical, economic, and cosmopolitan centre of Pakistan. Other major citie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rawalpindi
Rawalpindi ( or ; Urdu, ) is a city in the Punjab province of Pakistan. It is the fourth largest city in Pakistan after Karachi, Lahore and Faisalabad, and third largest in Punjab after Lahore and Faisalabad. Rawalpindi is next to Pakistan's capital Islamabad, and the two are jointly known as the "twin cities" because of the social and economic links between them. Rawalpindi is on the Pothohar Plateau, known for its ancient Hindu and Buddhist heritage, especially in the neighbouring town of Taxila, a UNESCO World Heritage Site. In 1765, the ruling Gakhars were defeated and the city came under Sikh rule, becoming an important city within the Sikh Empire based at Lahore. The city's ''Babu Mohallah'' neighbourhood was once home to a community of Jewish traders that had fled Mashhad, Persia, in the 1830s. The city was conquered by the British Raj in 1849, and in the late 19th century became the largest garrison town of the British Indian Army's Northern command as its climate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamabad
Islamabad (; ur, , ) is the capital city of Pakistan. It is the country's ninth-most populous city, with a population of over 1.2 million people, and is federally administered by the Pakistani government as part of the Islamabad Capital Territory. Built as a planned city in the 1960s, it replaced Rawalpindi as Pakistan's national capital. The city is notable for its high standards of living, safety, cleanliness, and abundant greenery. Greek architect Constantinos Apostolou Doxiadis developed Islamabad's master plan, in which he divided it into eight zones; administrative, diplomatic enclave, residential areas, educational and industrial sectors, commercial areas, as well as rural and green areas administered by the Islamabad Metropolitan Corporation with support from the Capital Development Authority. Islamabad is known for the presence of several parks and forests, including the Margalla Hills National Park and the Shakarparian. It is home to several landmarks, includin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamabad Capital Territory
The Islamabad Capital Territory ( ur, , translit=Vafāqī Dār-alhakūmat) is the only federal territory of Pakistan. Located between the provinces of Punjab and Khyber Pakhtunkhwa, it includes the country's capital city of Islamabad. The territory is represented in the NA-52, NA-53, and NA-54 constituencies of the National Assembly and four seats of the Senate. History In 1960, land was transferred from Rawalpindi District of Punjab province to replace Karachi Federal Capital Territory and establish Pakistan's new capital. According to the 1960s master plan, the Capital Territory included Rawalpindi, and was to be composed of the following parts: * Rawalpindi, * Islamabad, * Margalla Hills, * Islamabad rural, However, Rawalpindi was eventually excluded from the Islamabad master plan in the 1980s. Administration Zones Islamabad is subdivided into five zones: *Zone I: Designated for urban development and federal government institutions *Zone II: Designated for urb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leasing
A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. Basically a lease agreement is a contract between two parties: the lessor and the lessee. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree to the condition that the car will only be used for personal use. The term rental agreement can refer to two kinds of leases: * A lease in which the asset is tangible property. Here, the user '' rents'' the asset (e.g. land or goods) ''let out'' or ''rented out'' by the owner (the verb ''to lease'' is less precise because it can r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Remittances
A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers' remittances are a significant part of international capital flows, especially with regard to labor-exporting countries. According to the World Bank, in 2018 overall global remittance grew 10% to US$689 billion, including US$528 billion to developing countries. Overall global remittance is expected to grow 3.7% to US$715 billion in 2019, including US$549 billion to developing nations. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Letter Of Credit
A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods. Letters of credit are used extensively in the financing of international trade, when the reliability of contracting parties cannot be readily and easily determined. Its economic effect is to introduce a bank as an underwriter that assumes the counterparty risk of the buyer paying the seller for goods. History The letter of credit has been used in Europe since ancient times. Letters of credit were traditionally governed by internationally recognized rules and procedures rather than by national law. The International Chamber of Commerce oversaw the preparation of the first Uniform Customs and Practice for Documentary Credits (UCP) in 1933, creating a voluntary framework for commercial banks to apply to transactions worldwi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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