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It came into formation in 1976, through the passage of the Employees' Old-Age Benefits Institution Act of 1976 by the Parliament of Pakistan. [2] Naheed Shah Durrani is the chairperson of Employee's Old-Age Benefits Institution. [3]
The history of the National Savings Organisation in Pakistan dates back to the British Raj when the Government Savings Bank Act, 1873 was promulgated. [2] During the First and Second World War, the British government used the then National Savings Bureau (NSB) to raise funds to meet war-related expenses. [3]
This is a list of countries by a simple average of commercial banks' annualized interest rates charged on new loans to their most credit-worthy customers. Each entry is denominated in the respective national currency. [1]
These were taken over by the State Bank of Pakistan to safeguard consumer interests, under a new identity of Habib Credit and Exchange Bank (HCEB). [ 2 ] In July 1997, the Abu Dhabi Group, led by Nahyan bin Mubarak Al Nahyan of Al-Nahyan Group, acquired a 70 percent stake in then Habib Credit & Exchange Bank (HCEB), a subsidiary of state-owned ...
The Prime Minister's Youth Programme is a special initiative launched by the Pakistani government in 2013 - 2018. The Youth Programme comprised several schemes including Prime Minister's Interest-Free Loan Scheme, Prime Minister's Youth Business Loans, Prime Minister's Youth Training Scheme, Prime Minister's Youth Skills Development Scheme, Prime Minister's Scheme for Provision of Laptops and ...
These losses were particularly alarming given that the total loan portfolio prior to the crisis was Rs134 billion. [2] The 2011 financial statements also noted an additional Rs33.1 billion in non-performing loans that were exempt from provisioning by the State Bank of Pakistan, due to an implicit guarantee from the Punjab government. [2]
In 2010, the independent corporator, Malan Bhintade, who claimed to be Kunbi-Maratha but was later found to be of Maratha caste, lost her membership of the Pune Municipal Corporation after it was established that she had submitted a false caste certificate, claiming to be Kunbi-Maratha in order to run for elections in wards reserved for OBC ...
JS Bank Limited (JSBL) (Urdu: جے ایس بینک) is a Pakistani commercial bank headquartered in Karachi.It operates as a subsidiary of Jahangir Siddiqui & Co. Limited (JSCL), a financial conglomerate in Pakistan The bank was established in April 2007 as a result of the merger of two banks, Jahangir Siddiqui Investment Bank Limited and American Express Bank.