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Faysal Bank
Faysal Bank Limited ( ) is a Pakistani Islamic bank based in Karachi. Founded as Al-Faysal Investment Bank in 1995, it became an Islamic bank in 2023. It is named after Mohammed bin Faisal Al Saud. Over the years, Faysal Bank has been involved in multiple controversies. In the mid-2000s, the bank was embroiled in issues related to its capital markets operations, particularly involving its head of investment banking, Ajaz Rahim. Rahim was charged with insider trading by authorities in New York. In July 2020, it was fined Rs 96.1 million for violations in CDD, foreign exchange, KYC, and operations asset quality. More recently, in October 2022, the State Bank of Pakistan imposed a fine of Rs 10.025 million on Faysal Bank for violations related to regulatory and operational standards. History 1987–2002: Beginnings as an investment and conventional bank Faysal Bank started in Pakistan in October 1987, with a tiny branch and as a subsidiary of Faysal Islamic Bank, a Bahraini ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shahrah-e-Faisal
Shahrah-e-Faisal, founded as Drigh Road, is a boulevard in Karachi that runs , from the Bhutto Underpass near Hotel Metropole in central Karachi, to Star Gate near Jinnah International Airport, where it becomes N-5 National Highway.VIP artery: Shahrah-e-Faisal becomes 'model road' The Express Tribune (newspaper), Published 10 September 2016, Retrieved 9 October 2021CM Sindh approves uplift of main Karachi artery Samaa TV News website, Published 14 October 2016, Retrieved 9 October 2021 This road is one of Karachi's busiest, and is used by appr ... [...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] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Karachi
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 ... [...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. 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1995 Initial Public Offerings
1995 was designated as: * United Nations Year for Tolerance * World Year of Peoples' Commemoration of the Victims of the Second World War This was the first year that the Internet was entirely privatized, with the United States government no longer providing public funding, marking the beginning of the Information Age. America Online and Prodigy offered access to the World Wide Web system for the first time this year, releasing browsers that made it easily accessible to the general public. Events January * January 1 ** The World Trade Organization (WTO) is established to replace the General Agreement on Tariffs and Trade (GATT). ** Austria, Finland and Sweden join the European Union. * January 9 – Valeri Polyakov completes 366 days in space while aboard then ''Mir'' space station, breaking a duration record. * January 10– 15 – The World Youth Day 1995 festival is held in Manila, Philippines, culminating in 5 million people gathering for John Paul II's concluding ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pakistani Companies Established In 1994
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 1994
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Christian Science Monitor
''The Christian Science Monitor'' (''CSM''), commonly known as ''The Monitor'', is a nonprofit news organization that publishes daily articles both in Electronic publishing, electronic format and a weekly print edition. It was founded in 1908 as a daily newspaper by Mary Baker Eddy, founder of the new religious movement Christian Science, Church of Christ, Scientist. Since its founding, the newspaper has been based in Boston. Over its existence, seven ''Monitor'' journalists have been awarded the Pulitzer Prize, including Edmund Stevens (1950), John Hughes (editor), John Hughes (1968), Howard James (1968), Robert Cahn (1969), Richard Strout (1978), David S. Rohde (1996), and Clay Bennett (cartoonist), Clay Bennett (2002)."Pulitzer Prizes" at ''The Christian Science Monitor'' official website H ...
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