...they exist………? Did we ever try to observe their beauty and reality………..? Did we ever try to find purpose of our creation……..? This report is dedicated to the beauty & Reality of Universe Acknowledgements First of all, I am very thankful to Almighty Allah, who blessed me with skills, talent, energy and confidence that let me to successfully perform this internship. Internship is a massive task. Though it is not a job, but even then it needs committed efforts, study, devotion and most of all, guidance to be accomplished successfully. Among all these elements, guidance is of maximum importance. Because banking activities are much different from what we study at campus, so I need guidance at every stage. So I am very thankful to my respected teachers Sir Samiullah and my friends Rabia Kanwal, Huma Waheed, Mehwish Imtiaz, Asad Ashiq and Ali Usman for their guidance at many stages particularly while making internship report. When I joined Askari bank as an Internee, I knew very little about the banking operations. But I found huge guidance at every step that enabled me to successfully do my internship. I oblige the contributions of all the...
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...Internship Report On Askari Bank Ltd. Submitted By: Umar Ahmed MPA – IV 01171211002 Submitted To: Mr. Abdul Razzaq Quaid-i-Azam School of Management Sciences (QASMS) Quaid-e-Azam University Islamabad, Pakistan October 21, 2013 1 2 Internship certificate 3 AKNOWLEDGEMENT I am extremely grateful to Almighty ALLAH for giving us the courage and enthusiasm to go through this complete study and finish it without any difficulty and hindrance. I feel great pleasure to annunciate my appreciation for assistance and guidance of Mr. Abdul Razzaq who is my supervisor and help me in every aspect I needed. I am also thankful to Bank Manager of Askari Bank Barakhu Branch Mr. Azhar Majeed who guides me all the way through entire six (06) weeks internship. I must not forget to thanks Operation Manager Mr. Malik Tahir who was step aside by me all along the internship phase. In last I pay regards to supporting working staff that cooperates with me and guides to practical experience and built my confidence for future career development Thank you all. 4 EXECUTIVE SUMMARY The banking system in Pakistan has witnesses some evolutionary changes during the recent years and has made long-strides towards its goal of becoming a financially viable as well as firm arm of the economy which in turn would promote not only growth but also prosperity not only of the banking sector but of the economy as a whole. As vibrant and dynamic banking sector is vital for the strong...
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...consists of Commercial Banks and Specialized Banking Institutions. During the quarter-1 of financial year 2004 as per SBP Quarterly report there has been robust growth in deposit mobilization and credit off take with a rise of PKR 23.1 billion in net credit to the private sector[1]. The banking/financial sector in Pakistan comprises of Commercial Banks, Development Finance Institutions (DFIs), Microfinance Banks (MFBs), Non-banking Finance Companies (NBFCs) (leasing companies, Investment Banks, Discount Houses, Housing Finance Companies, Venture Capital Companies, Mutual Funds), Modarabas, Stock Exchange and Insurance Companies. Under the prevalent legislative structure the supervisory responsibilities in case of Banks, Development Finance Institutions (DFIs), and Microfinance Banks (MFBs) falls within legal ambit of State Bank of Pakistan while the rest of the financial institutions are monitored by other authorities such as Securities and Exchange Commission and Controller of Insurance[2]. At present there are 41 scheduled banks, 6 DFIs, and 2 MFBs operating in Pakistan whose activities are regulated and supervised by State Bank of Pakistan. The commercial banks comprise of 3 nationalized banks, 3 privatized banks, 15 private sector banks, 14 foreign banks, 2 provincial scheduled banks, and 4 specialized banks2. 1.2 State bank of Pakistan The State Bank of Pakistan regulates the banking sector in Pakistan, mainly under the provisions of State Bank of Pakistan Act, 1956,...
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...Table Of Contents Vision Statement Of Bank 2 Mision Statement Of Bank 3 Introduction 2 Heirarchy Of Askari Bank…………………………………………………………………………………………………………………………6 Hr Policies Of Askari Bank……………………………………………………………………………………………………………………… 7 Marketing Srategies Of Bank…………………………………………………………………………………………………………………..9 Company Profile 2 Company process 2 Company departmental functions 2 SWOT Analysis 2 Identification of a Main Problems and Findings 2 Recommendations 2 Activities Report…………………………………………………………………………………………………………………………………….37 Implementations 2 Conclusions 2 Appendix” 2 Web Resources 2 Acknowledgments All the praises are for the almighty “Allah” who bestowed me with the ability and potential to complete this Internship. I also pay my gratitude to the Almighty for enabling me to complete this Internship report within due course of time. Words are very few to express enormous humble obligations to my affectionate “Family Members” for their prayers and strong determination to enable me to achieve this job. I am heartily thankful to my “University” and specially to my Internship Incharge “Mr. Nisar Ahmad”, whose encouragement, guidance and support from the initial to the final level enabled me to develop an understanding of the subject. I also appreciate the cordial co-operation from all my concern Managers and Staff members in the different departments of Askari bank. * Ms. Rafia Alam Khan (Branch Manager/AVP) * Mr. Amir Akram Warraich (Manager Operations) * Mr. Junaid-uz-Zaman...
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...Case studies - CSR in Pakistani perspective A selection of companies based on as a sample on various industries of Pakistan. 1. Citizen-Police Liaison Committee ( CPLC) 2. National Refinery Limited 3. Pakistan Petroleum Limited 4. Shell Pakistan 5. Pakistan State Oil (PSO) 6. Pak-Arab Refinery Company Limited 7. Sui Southern Gas Company ( SSGC) 8. Askari Commercial Bank Limited 9. Khadam Ali Shah Bukahari (KASB) Securities 10. The Bank of Punjab 11. First Woman Bank Limited ( FWBL) 12. Dollar East Exchange Company (PVT) Limited 13. Cresent Steel and Allied product Limited ( CSAPL) 14. ICI Pakistan Limited 15. Engro Chemical Pakistan Limited 16. Soccer Ball industry of Pakistan 17. Unilever Pakistan limited 18. National Foods Pakistan Limited 19. Proctor and Gamble Pakistan 20. Geo TV Citizen-Police Liaison Committee (CPLC): CPLC is a joint venture of the private and the public sectors. The few concerned and compassionate citizens, initiated in 1989 to establish the CPLC, which is over the period, become an important component of police system in Karachi. Rooted in the business community and dependent largely on private donations and on the volunteer work of business community. It conduct crime analysis, plays an important role in the investigation of kidnappings, and provides a range of police related services directly to poor and rich alike without any discrimination.[1] So in this way CSR motivate citizen to support police in fighting crime, after...
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...Good HR polices within any organization gives many benefits such as; a. In time availability of competent human resource. b. Attracting competent human resource within or outside the organization. c. Tracking of recruitment process. Main emphasis of the project is to highlight and to find out the HR policies / practices being followed within the bank and the good practices for Employee retention being used in industry as a whole. Following traits will be analyzed within the target Bank; a. Over-all job satisfaction level b. Evaluation system c. Training and work load d. Supervisor behavior e. reprimands and discussion sessions f. Achievements are Acknowledge and rewarded or not. g. Quality and service standards h. Over-all quality evaluation gives a high standard of the organization Askari Bank aims to be organized for consistently providing service quality to its customers. Customers have expectations or standards for quality delivery of service and they constantly assess the bank against other competitors. For service performance to be perceived and evaluated by the customer as high quality, a number of fundamental service processes must be delivered with uniformity and consistency across all businesses. It includes service standards or goals that have been set for those processes that constitute key Moments of Truth for the customers. To deliver quality...
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...The term ‘Brain Drain’ was first coined by the British Royal Society and they used it to explain the transfer or outflow of scientists and technologists from one’s homeland to countries like The United States of America and Canada in the 1950s and early 1960s. This is normally used as another word to describe the movement of Human Capital (HC hereafter) – where the net flow of expertise was more heavily focused in one direction as compared to the other. Phase-1 (1950s to 1960s) Grubel and Scott identified that developed and developing countries are advanced in the fields of science and technology while Pierpaolo Giannocolo concluded that a lesser developed country which sends its qualified and skilled workers to these countries will not only benefit from this socially but also economically. Initially, the outflow of scientists and technologists was focused from Europe (and primarily the UK) to The United States and Canada. On the other hand, Kannappan stated that the heavy outflow of skilled labor from poor countries resulted in the nations losing their economic and productivity potentials. Similarly, according to Portes, the concept of ‘brain drain’ was mainly harmful for the native countries as it resulted in the development of the North and backwardness of the Southern countries. Phase-2 (1970s-1990s) The reviews from a majority of the scholars concluded that the concept of ‘brain drain’ is in fact not beneficial for the native country as it usually results in the host...
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...INTERNSHIP REPORT ON HABIB BANK LIMITED PAKISTAN SUBMITTED BY: MUHAMMAD IRFAN ALI LOGID: mc070402338 Phone# 0313-6747208 Mail address: syedirfanmw@yahoo.com & mc070402338@vu.edu.pk Address: Ward # 2 Mohala Chah Kurai MBA (FINANCE) 2007-09 SUPERVISED BY: MAHER AMEER MUHAMMAD DATE OF FINAL REPORT 10-04-2009 to 10-06-2009 NAME OF THE UNIVERSITY VIRTUAL UNIVERSITY OF PAKISTAN 1 2 3 4 5 6 7 DEDICATION Allah Almighty ( whose claim (to obedience) cannot be satisfied by those who attempt to do so”) & His Beloved People. 1 ACKNOWLEDGEMENT Thanks to ALLAH Almighty for giving me such a beautiful opportunity and enabling me to complete my project. Thanks to my loving parents and guardian who help me a lot at every phase of my life, encouraged me in the days of depression and sacrificed for my better future. I am very thankful to Mr. Maher Ameer Muhammad my supervisor, who has helped me a lot in finding an appropriate project and for his reviews, encouragement, and support. I am thankful to all of my teachers and my class fellows and friends whom Cheerfulness and guidance is an asset for me .I am especially...
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...INTERNSHIP REPORT ON HABIB BANK LIMITED PAKISTAN SUBMITTED BY: MUHAMMAD IRFAN ALI LOGID: mc070402338 Phone# 0313-6747208 Mail address: syedirfanmw@yahoo.com & mc070402338@vu.edu.pk Address: Ward # 2 Mohala Chah Kurai MBA (FINANCE) 2007-09 SUPERVISED BY: MAHER AMEER MUHAMMAD DATE OF FINAL REPORT 10-04-2009 to 10-06-2009 NAME OF THE UNIVERSITY VIRTUAL UNIVERSITY OF PAKISTAN 1 2 3 4 5 6 7 DEDICATION Allah Almighty ( whose claim (to obedience) cannot be satisfied by those who attempt to do so”) & His Beloved People. 1 ACKNOWLEDGEMENT Thanks to ALLAH Almighty for giving me such a beautiful opportunity and enabling me to complete my project. Thanks to my loving parents and guardian who help me a lot at every phase of my life, encouraged me in the days of depression and sacrificed for my better future. I am very thankful to Mr. Maher Ameer Muhammad my supervisor, who has helped me a lot in finding an appropriate project and for his reviews, encouragement, and support. I am thankful to all of my teachers and my class fellows and friends whom Cheerfulness and guidance is an asset for me .I am especially...
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...TRADITIONAL BANKS: PRE AND POST THE 2008 FINANCIAL CRISIS Mohamed Hashem Rashwan1 The British University in Egypt ABSTRACT This study tests the efficiency and profitability of banks that belongs to two different sectors: a) Islamic Banks (IBs) and b) Traditional Banks (TBs). The study concentrates on the pre and post 2008 financial crisis with an aim to test if there are any significant differences in performance between the two sectors. The study applies the MANOVA techniques to analyze the financial secondary data for only publicly traded banks in the same region. The findings of the study show that there is a significant difference between the two sectors in 2007 and 2009 and there are no significant differences in 2008, which indicates the effect of the crisis on both sectors. IBs outperform TBs in 2007 and TBs outperform IBs in 2009. This result indicates the spread of the crisis to the real economy where IBs usually operate. INTRODUCTION Forty years ago Islamic Finance was virtually an unknown system; interestingly it has expanded to become a distinctive and fast growing segment of the International Financials markets. With a growth rate that ranges from 15% to 20% (EL- Qoroshy 2005). Islamic Finance in general and Islamic banking in specific become main players in the financial world. According to the IMF survey (2010) the total capital managed under Islamic Finance systems was estimated to be $820 billion at the end of 2008. More than 200 Islamic Banks operate in over...
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...gaps in identified priority sectors/fields. They aim to provide awardees with the skills and knowledge to drive change and influence economic and social development. Australia Awards Scholarships are prestigious international awards offered by the Australian Government to the next generation of global leaders for development. Through study and research, recipients develop the skills and knowledge to drive change and help build enduring people-to-people links with Australia. Applicants will be assessed for their professional and personal qualities, academic competence and, most importantly, their potential to impact on development challenges in Pakistan Applications are strongly encouraged from women, people with disability and people from the following focus areas— Balochistan, Federally Administered Tribal Areas (FATA) and Khyber Pakhtunkhwa (KP). Priority fields of study The priority areas of study for Pakistan are: * Basic education services * Maternal, neonatal and child health services * Rural development and food security * Governance * Trade and Economic Growth * Mining Level of study Australia Awards Scholarships These Scholarships provide citizens of Pakistan with the opportunity to obtain a postgraduate qualification at an Australian tertiary institution. Applicants must be able...
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...Pakistan Telecommunication Company Limited 2 Annual Report 2012 Contents Company Review 4-5 Corporate Vision, Mission & Core Values 6-7 Board of Directors 8 Corporate Information 9 Awards and Achievements 10-11 The Management 12-15 Operating Highlights - Graphs 16-17 Group CEO's Message 18-35 Directors' Report 36 Composition of Board's Sub-Committees 36 Attendance of PTCL Board Members 38 Statement of Compliance with CCG 39 Auditors' Review Report to the Members Financial Statements 43 Auditors' Report to the Members 44-45 Statement of Financial Position 46 Statement of Comprehensive Income 47 Statement of Cash Flows 48 Statement of Changes in Equity 49-90 Notes to and Forming Part of the Financial Statements Consolidated Financial Statements 93 Auditors' Report to the Members 94-95 Consolidated Statement of Financial Position 96 Consolidated Statement of Comprehensive Income 97 Consolidated Statement of Cash Flows 98 Consolidated Statement of Changes in Equity 99-153 Notes to and Forming Part of the Consolidated Financial Statements Annexes 156-164 Pattern of Shareholding 165 Notice of 17th Annual General Meeting 167 Form of Proxy 3 Pakistan Telecommunication Company Limited Vision & Mission Corporate Vision To be the leading ICT service provider in the region by achieving customers’ satisfaction and maximizing shareholders’ value. Mission To achieve our vision by having: • An organizational environment that fosters professionalism, motivation...
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...BASIC FINANCIAL LITERACY Guiding Principles for You 2010 Microfinance Opportunities 2010.Used by Permission : For inquiries regarding rights and permission, please contact: Microfinance Opportunities 1701 K Street NW , Suit 650 Washington, DC 2006 USA TEL:202 -721-0050 FAX: 202 -721-0010 Email: financialed!@mfopps.org www.microfinanceopportunities.org Equity Group Foundation P.O BOX 75104 00200 Nairobi, Kenya Tel: 254 20 274 4000 FAX: 254 20 273 7276 Email: info@equitybank.co.ke www.equitybank.co.ke/company/foundation INTRODUCTION While the poor share the same goals as all people – economic security for themselves, their families, and future generations – their limited resources and options often lead to a sense of hopelessness and inertia. Careful management of what little money they do have is critical to meet day- to –day needs, cope with unexpected emergencies, and take advantage of opportunities when they come along. The bad news is that the poor often lack the knowledge and experience they need to be these careful money managers This is the purpose of this book. It teaches people about the concept of money and how to manage it wisely. It offers the opportunity to learn basic skills related to earning, spending, budgeting, saving, and borrowing. The good news is that when people do become more informed financial decision makers, they can plan for and realize their goals .Moreover, once people have acquired financial literacy skills, those skills cannot...
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...materialized. The guidance and support received from all the members who contributed and who are contributing to this project, was vital for the success of the project. We are grateful for their constant support and help. ABSTRACT: This research is conducted just to explore that what are the issues and challenges as also what opportunities are there for the Islamic banks in Pakistan. As Pakistan is a Muslim country and the main population is of Muslims, there is a great importance of Islamic banking in this country and people are getting aware of this financial system. But the main challenge here that is faced by the Islamic banking is that Pakistan govt. is supporting conventional banking more. For this research interviews were taken from the employees and the customers of Islamic banks. These interviews are about the basics of the Islamic banking, about the awareness of Muslim society, the opportunities for the development and growth and the challenges that are faced by the Islamic banks in Pakistan. This research shows that as the Muslims in Pakistan want halal banking and are switching towards Islamic banks as they want to live their lives according to Islam, so there are opportunities for the Islamic financial system in Pakistan. In order to make this financial system successful the banking authorities should...
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...Internship Report: BANK ALFALAH LIMITED Submitted By: MAIDAH MASOOD Roll # 107 Section: “C” Morning B-Com (Hons) Session: 2005-2009 Hailey College of Commerce, University of the Punjab, Lahore. The evolution of Bank Alfalah signifies a movement from concept to reality; a reality to bring about a change in the banking industries of Pakistan; offering an alternative way of banking; providing people an opportunity to practice beliefs in their financial matters. Following privatization, Bank Alfalah emerged as new identity of Habib Credit and Exchange Bank with a revived purpose and commitment. Charged with the strength of Abu Dhabi consortium and under the leadership of His Highness Sheikh Nahayan Mabarak Al-Nayayan, the bank has already made significant contributions in building and strengthening both corporate and retail banking sector in Pakistan. At present the bank has expanded its operations across Pakistan in 74 cities with 189 operational branches. However, it has total 195 branches that include 23 Islamic Banking branches, five overseas branches three in Bangladesh and two in Afghanistan and one offshore banking unit in Bahrain. It is pertinent to note that all of its branches commenced their operations in “Real Time Online Mode”. Today Bank Alfalah is the fifth largest Banking operation in Pakistan. Since its inception, it has registered the fastest growth rate ever...
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