Zaid Hamid: Ghazwa e Hind, fitnah e Khawarij & role of Pak army
Role of FI in Pak
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Transcript of Role of FI in Pak
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presentation on mobile softwares 1
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Group Members
Waqas Ishfaq MBC-09-06
Khurram Shahzad MBC-09-08Asif Iqbal MBC-09-37
Presented To:
Mr. Sadiq Shahid
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SAVINGS AND LOAN ASSOCIATIONS:-
Similar to commercial banks but maynot hold demand deposits, and obtain funds from
savings .and lend funds primarily to individuals
and businesses for real estate mortgage funds.
Credit unions:-
It mainly deals in transfer of
funds between the consumers. Membership is
generally based on some common bond such as
working for a given employer. Housing finance,car financing are its examples.
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LIFE INSURANCE COMPANY:
The largest type of financial intermediary deals with
saving attain by premium payments. Lend funds toindividuals, businesses and governments.
Pension fund:-
It is the fund that is collected for
employees retirement benefits. The employer alsocontribute amount for them.
MUTUAL FUND:
Pool funds of savers and makes them available to
businesses and government demanders. Obtainfund through sale of shares and uses proceeds to
acquire bonds and stock issued by variable
businesses.-
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SECP regulates the securities market and related
institutions like Mutual Funds, Central Depository
Company and Credit Rating Institutions. Secondly,
it administers Company Law. It also regulates
some non-banking financial institutions likeleasing companies and modarabas (funds
operating on basis of Islamic economic
principles).
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The Commission will be responsible forfollowing:
Regulating the issue of securities;
Regulating the business in stock exchanges and
any other securities markets;Registering and regulating workings of stock
brokers, sub-brokers, share transfer agents,
bankers to an issue, trustees of trust deeds,
registrars to an issue, underwriters, portfoliomanagers, investment advisers and such other
intermediaries who may be associated with
the securities markets in any manner;
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Proposing regulations for the registration and workings of collective investment
schemes, including unit trust schemes;
Promoting and regulating self-regulatory organizations in the securities industry and
related fields such as stock exchanges and associations of mutual funds, leasing
companies and other non bank financial institutions;
Prohibiting fraudulent and unfair trade practices relating to securities markets
Regulating the merger and takeover of companies .
All foreign firms interested in an issue or offering of securities to the public in Pakistanor to list such securities on a Stock Exchange in Pakistan also require an approval from
the SEC. .
Supervising and monitoring the activities of any central depository and Stock Exchange
clearing house.
Promoting investors education and training of intermediaries of securities markets.
Conducting investigations in respect of matters related to this Act and the Ordinance
and in particular for the purpose of investigating insider trading in securities andprosecuting offenders.
Encouraging the organized development of the capital market and the corporate sector
in Pakistan.
Considering and suggesting reforms of the law relating to companies and bodies
corporate, securities markets, including changes to the constitution, rules and
regulations of companies and bodies corporate, Stock Exchanges or clearing houses
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Pakistan Industrial Credit & InvestmentCorporation (PICIC)
Industrial Development Bank of
Pakistan(IDBP)
Agriculture Development Bank of
Pakistan(ADBP)
Investment Corporation of Pakistan(ICP)
Small Business Finance Corporation(SBFC)House Building Finance Corporation(HBFC)
National Investment Trust(NIT)
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Established in Oct-1957
Head Office in Karachi
Provides long & Medium term Finance to
private industrial sectorsManaged by Board of Directors(20 Members)
Lends money for 7-15 years
Interest Charge on rupee loan 8.5% to 12.5%
Interest Charge on Foreign Currency loan
10.5% to 11.5%.
Paid up capital Rs. 150 crores.
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Established in Aug-1961. Member of board of Director is 9.
Provides financial assistance by way of term loans for
establishing new industrial units.
Emphasize on development of small and mediumscale enterprises in the private sector.
Provide loan both in local and foreign currencies
Bank Lends for maximum period of 15 years against
the mortgage of industrial asset.
Interest Charge on rupee loan 3% to 4%
above Bank rate.
Interest Charge on Foreign Currency loan 11%.
Paid up capital Rs. 50 crores.
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Established in Feb-1961Now it is known as Zarai Tarakiati Bank
Member of board of Director is 12
Provides Short term loans which are
repayable within 18 months
Medium term loans to be repaid between 18
months to 5 years
Long term loans are repaid in more than 5years
Interest Charge12%.
Authorized capital Rs. 40 crores.
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Established in Feb-1966Purpose is to broaden the base investment &
develop capital market
Member of board of Director is 11
Provides financial assistance to many public
limited Companies by underwriting the public
issue of their shares and debentures.
In 2002 ICP was wound up & its closed upmutual funds , were privatized.
Authorized capital Rs. 20 crores.
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Established in 1972.Major objective is to finance cottage and
small scale industries.
Member of board of Director is 7.
Period of loans ranges between three and five
years. It may be extended up to eight years.
Now it is converted into SME Bank.
Authorized capital Rs. 100 million.Paid up capital Rs. 70 million.
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