List Of Investment Banks In Pakistan 613l2o

List Of Investment Banks In Pakistan ABN AMRO For those looking to invest, you should know that many investments can be categorized as being high risk, moderate risk and low risk. Investing is not difficult, but you should always put lots of thought and planning into it. It is also extremely important to educate yourself about the many different investments available to you so you can find those that fit best with your specific situation and lifestyle. Here are some tips regarding the three categories of investing. Low Risk Investments While low risk investments are usually very low key and rarely are extremely glitzy or publicized, they do offer conservative investors a way to save money for the short or long term without the risk involved that you find in other forms of investing. Low risk investments usually pay the lowest yields, but are far less volatile than many other types of investments. Low risk investments include money market funds, certificate of deposits and some types of bonds. Low risk investments are perfect for those that want to make sure there money remains safe and secure. While low risk investments don’t offer high returns, they do offer stability and security for those that can’t afford to lose money or would just like to avoid as much risk as possible. Expect low risk investments to pay out yields of 1% to 5% annually. Moderate Risk Investments Moderate risk investments are perfect for those that are interested in investing for the long term and would like to earn moderate yields. Moderate risk investments are usually certain kinds of stocks, bonds and mutual funds that pay handsomely over the long term. While generally riskier than saving money in a bank, for those that are looking to invest for the long term, historically speaking you will grow your money quite nicely. Moderate risk investments usually use the power of compound interest and time to create a nest egg from 10 to 40 years with regular savings. For instance, saving 1K per year at an interest rate of 10% for 30 years can return close to 200K. Moderate risk investments usually return yields of 5% to 12%. High Risk Investments High risk investments are those investments that if you are lucky can return huge yields, however the downturn is that they can be extremely volatile and in many cases instead of getting rich off your investment, you find yourself losing some or all of it. High risk investments include penny stocks, international stocks, some types of Forex trades, etc. The sky is the limit for returns, but many high risk investments- if considered a winner should return yields

that range from 10% to 30%++.0.

Al towfeek Investment Bank Limited AlBaraka Islamic Bank Allied Bank Limited Ammar Investment Bank Limited AMZ Securities Askari Bank Limited Asset Investment Bank Atlas Investment Bank Limited Bank AL Habib Ltd. Bank Alfalah Bank of Tokyo-Mitsubishi Ltd. BMA Capital Management Limited Citibank Crescent Investment Bank Limited

Deutsche Bank Emirates Bank Escorts Investment Bank Limited Fidelity Investment Bank Limited First International Investment Bank Ltd. Franklin Investment Bank Limited Habib Bank AG Zurich Habibsons Bank Ltd. IGI Investment Bank Limited Invest Capital Investment Bank Limited Investment Corporation of Pakistan Islamic Investment Bank Limited Jehangir Siddiqui Investment Bank Ltd. KASB Bank Limited Metropolitan Bank Ltimited Muslim Commercial Bank Limited Mybank Limited National Bank of Pakistan National Investment Trust Limited Orix Investment Bank Limited Pak Kuwait Investment Company Limited Pak Libya Holding Company Limited Pak Oman Investment Company Limited Pakistan Industrial Credit & Investment Corp. Ltd. Pak-Libya Holding Company

Prime Commercial Bank Limited Prudential Investment Bank Limited Saudi Pak Industrial & Agricultural Investment Company Ltd Security Investment Bank Limited Silkbank SME Bank Soneri Bank Standard Chartered Bank State Bank of Pakistan The Punjab Provincial Co-operative Bank Ltd The Royal Bank of Scotland Trust Investment Bank Limited UBL Online United Bank Limited0 ision A poverty free society built on the principles of comion and equity.

Mission To alleviate poverty by empowering socially and economically marginalized families through interest free microfinance and by harnessing entrepreneurial potential, capacity building and social guidance.

Microfinance Products

1. FAMILY ENTERPRISE LOAN

The Family Enterprise loans are for establishing a new business or expanding an existing one with the aim of enabling the borrower to secure a sustainable livelihood. It is the most common type of loan offered by Akhuwat; comprising 91% of Akhuwat's loan portfolio. The Family Enterprise loan ranges from 10,000 rupees to 30,000 rupees however keeping in view the rapid inflation in the country, Akhuwat now gives initial loans of up to 15,000 rupees. To be eligible for the loan, the individual has to come up with a viable business plan which he may construct with the guidance and of the Akhuwat staff. The loan is known as the Family Enterprise Loan because it intended for the entire family and not restricted to either male or female of the household. Even though the entire family is involved during the loan process, the business is undertaken by one member of the family who has the required expertise. The Family Enterprise Loan is designed to strengthen the social fabric by involving the whole family in the loan process such that the enterprise becomes a family venture instead of an individual effort. 2. LIBERATION LOAN

Liberation Loans are for repayment of loans taken from money lenders on exorbitantly high interest rates. With the culture of informal money lenders, or baniyas, prevalent in Pakistan, many poor people find themselves in a cycle of ongoing debt as they struggle to pay the high interest rates for years leaving the principle amount untouched. Interest rates may be as high as 1, 000 percent and might financially cripple the poor. Many a times, the loan persists from one generation to the next making it impossible for the family to secure a sustainable and respectable livelihood for themselves. Liberation loans were introduced to counter the effects of these loan sharks and continue Akhuwat’s fight against interest. Akhuwat pays the principal amount in one go for the client and the client in turn pays back that amount in interest free installments to Akhuwat. The upper limit of the loan is 50, 000 rupees however substantially large loans may also be given after the approval by a Committee headed by the Executive Director. 3. EDUCATION LOAN

The Education Loan caters to the needs of the poor who are unable to finance their own or their dependent’s education. Many poor students are forced to drop out of school as they do not have enough savings to continue their education. Emphasis on education has been an integral part of Akhuwat’s social agenda and through the Education Loan; Akhuwat intends to ensure that poor students are able to continue their education in spite of the lack of financial . In most cases the loan is utilized for paying fees and dues, purchasing books and material, and paying initial registration or examination fee. The upper limit of the education loans is 25, 000 rupees. 4. HEALTH LOAN

The Health Loan is for those who are unable to the costs for necessary health care. In most cases, the poor do not have contingency funds or savings to them in shouldering the financial costs of health care. Diseases like hepatitis, tuberculosis and diabetes are quite common in underdeveloped areas and while these diseases are not fatal in themselves, they have contributed to the death of many poor people who are unable to afford necessary treatments. Noting this scheme of things, the Health Loan was specifically designed to assist the poor with funds that could help save their lives. The loans offered range from10, 000 rupees to 20, 000 rupees. The Health Loan complements the health services provided by Akhuwat to its borrowers, employees and the underprivileged in general, under the auspices of Akhuwat Health Services. 5. EMERGENCY LOAN

The Emergency Loan is intended to diffuse the impacts of major contingencies or crisis situations that undermine the sustainability of the livelihoods of the poor. Akhuwat realizes that the economic life of the poor is perturbed by many unforeseen events and emergencies, with the families having little or no buffer amount to counter such shocks. The Emergency Loan has been designed to counter such inopportune shocks so that the long term progress of the client is not compromised. Loans in this category may be used for diffusing losses in business, health care expense, machinery repairs, motor vehicle repair, veterinary expense and issions fee amongst others. The loan ranges from 5, 000 rupees to 10, 00 rupees and may be repaid over one year. It is processed within 2-3 days and is the only loan product which may be utilized in conjunction with other loan products. 6. HOUSING LOAN

The Housing Loan is for necessary renovation of houses including construction of rooms, roofs and walls. In evaluating applications for the Loan, great care is taken to ensure that the intended renovation is essential and necessary for the wellbeing of the borrower and is not a luxury. The range for this loan varies between 30, ooo to 70, 000 rupees and has to be repaid within two years. Akhuwat started this product in collaboration with Al-Noor Umar Welfare Trust, a nonprofit organization founded by Mr. Khalil Mian. Over time these loans have been instrumental in improving living conditions of the poor who had been forced to live in appalling conditions for generation due to lack of monetary resources. 7. MARRIAGE LOAN

The Marriage Loan is to facilitate the marriages of daughters. The marriage of daughters remains a huge responsibility for parents in the Pakistani society and many poor families are confronted with the difficulty of arranging necessary funds for marriage ceremonies and dowries. Over the years, many poor families had expressed the need for assistance in marrying their daughter which led Akhuwat to introduce the Marriage Loan. Up to 20, 000 rupees can be disbursed for this purpose.

8. SILVER LOAN

The Silver Loan was recently launched by Akhuwat to the expansion of existing businesses. Massive surge in profitability of the businesses of some of Akhuwat’s clients made the humble amounts under the Family Enterprise Loan unable to meet the needs for expanding businesses. This medium size loan of 50, 000 rupees is reserved for those who have successfully completed three or more cycles of borrowing from Akhuwat. It s borrowers who have acquired a sustainable livelihood and wish to continue expanding their business but through the help of interest free loans. 9. AKHUWAT MUTUAL FUND

Akhuwat’s Mutual Fund was created to its clients and their families during extreme events like death or permanent disability. At the time of the loan disbursement, the borrower may pay 1% of the loan as insurance, although loans below 4, 000 rupees are exempted from this fee. While the 1% insurance fee is optional, most borrowers choose to give it and these contributions go into the Mutual Fund. In case of any borrower’s death or permanent disability, the loan is waived off and the family also receives an additional package of 5, 000 rupees. The Mutual Fund is an effort to not burden the client or their families in case of an unfortunate event and instead provide them with the necessary and assistance.

Progress Report upto Feb 28, 2012 PROGRESS INDICATOR TOTAL Total Benefiting Families

268,466

Loans Utilized by Males Entrepreneurs 172,662 Loans Utilized by Females Entrepreneurs Amount Disbursed

PKR 3,949,286,342

Percentage Recovery

99.83%

Active Loans

95,804

132,961

Outstanding Loan Portfolio Number of Branches

PKR 1,447,003,843

158

Number of Cities and Towns

110

Akhuwat was established in 2001 with the objective of providing interest free microfinance to the poor so as to enhance their standard of living. Drawing on the principles of social justice and brotherhood, Akhuwat strives to alleviate poverty by creating a system based on mutual in society. To this end, Akhuwat has adopted microfinance as its operational strategy with the loans being offered in accordance with the doctrines of Qarz-e-Hassan. Akhuwat levies no interest on its loans, operates through religious places and seeks to inspire and harness the spirit of volunteerism in society. The mandate of Akhuwat extends beyond financial transactions as it makes every effort to guide, and empower the poor. Akhuwat is ed under the Societies Registration Act of 1860.