Well, I hope some other sane person will ask you the same "silly" question for the sake of argument.
I would love to instruct you on how private banks are implementing their own rules, such as Rs. 500 for a bank statement, 0.4% deposit fee on foriegn currency accounts, but youre not worth the time. So stop pulling my leg in every thread.
I dont know what bank you go to, but I just had my bank statement free of cost from MCB. I'll clarify about the 0.4% fee on foreign currency a/c tomorrow. Sit tight.
[QUOTE]
*Originally posted by ChthonicPowers: *
I dont know what bank you go to, but I just had my bank statement free of cost from MCB. I'll clarify about the 0.4% fee on foreign currency a/c tomorrow. Sit tight.
[/QUOTE]
These are just a few examples. And spare me your explanations, I dont want to read them.
Fine by me. I'll post them regardless. You're more than welcome to read and reply.
[QUOTE]
*Originally posted by bao bihari: *
one step closer to agakhan state in northern areas
[/QUOTE]
i agree Aga Khan is buying Pak slowly. and yes he will
have his real Prime State soon.
CM: I agree with your concerns but keeping banks in check is dependdant on regulatory authorities. Also the government hasn't abdicated it's role altogether, you have the National Bank of Pakistan, Khushali Bank, Housing Building finance corporation and the provincial banks.
As far as the management structure of Habib Bank..why would the AK group remove the existing management if it already is delivering a profit? One only has to look at United Bank Limited...it was privatised at the end of the offical Musharraf government..and is still doing well..I don't think the Bestwat group which bought it ...has removed any competent managers.
[QUOTE]
*Originally posted by Spock: *
I would love to instruct you on how private banks are implementing their own rules, such as Rs. 500 for a bank statement, 0.4% deposit fee on foriegn currency accounts, but youre not worth the time. So stop pulling my leg in every thread.
[/QUOTE]
Clarification:
1) All the banks provide a free of cost Statement of Account bi-annualy. IF you want more than that then you have to pay a nominal fee. Each bank decides the fee itself but it mostly ranges between Rs. 50-100. I dont know where and why you paid Rs.500 for a Statement of Account.
2) The fee on foreign currency accounts, deposist returns etc are all decided by the SBP, and are not relevant to the type of bank. All banks, public or private follow the same rules, and the privatization of HBL is thus not relevant to the points raised.
If you have any more reservations, let's hear them.
HBL transfers 142 NPAs to CIRC for settlement
Corporation suffers loss of Rs858.29m due to wrong fixation of purchase price
KARACHI: Habib Bank Limited (HBL) has transferred non-performing assets (NPAs) worth Rs328.977 million of Ittefaq Foundries (Pvt) Ltd to Corporate and Industrial Restructuring Corporation (CIRC) for settlement.
Before its privatisation, the HBL has transferred 142 NPAs - having a history of defaults - to the CIRC.
Ittefaq Foundries - one of the oldest engineering units of the country, located at Kot Lakhpat, Lahore - was established by the family of Mian Mohammad Nawaz Sharif - the two times elected prime minister of the country.
There is a whole list of the NPA’s on the link provided. At this rate we’d be better off with a MONOpoly than a govt. owned bank.
few things to say
the sale of nationalised assetts is being undertaken on the british model, where they were successful ..
sale of majority/ controlling shares to one company means that there is stability and vision for the new aquisition. rest of the shares can be sold at market rates in future to increase the revenues received.
agha khan and his family were one of the biggest visionaries and political supporters of Pakistan. it was very pakistani of the elected govt to completely sideline and push the gramps of current aga khan. anyways.. i doubt they want a separate state.. considering the trouble they had to go through to get this one,
oh.. on number of banks.. they would eventually consolidate to compete with large multinationals..
happened in UK where they are still going through mergers in the banking sector.. so we really need good Financial supevisory council.. and the number of banks is not that relevant provided the monopolies issue is satisfied.
[QUOTE]
*Originally posted by ChthonicPowers: *
Clarification:
1) All the banks provide a free of cost Statement of Account bi-annualy. IF you want more than that then you have to pay a nominal fee. Each bank decides the fee itself but it mostly ranges between Rs. 50-100. I dont know where and why you paid Rs.500 for a Statement of Account.
2) The fee on foreign currency accounts, deposist returns etc are all decided by the SBP, and are not relevant to the type of bank. All banks, public or private follow the same rules, and the privatization of HBL is thus not relevant to the points raised.
If you have any more reservations, let's hear them.
[/QUOTE]
My cousin is the vice prez of Al-Falah Bank in Islamabad. Why are a few banks charging 0.4% deposit fee then, and some of them arent? I just desposited $5,000 in a bank, and was charged that $20 fee without knowing that, and later found out it was something to do with the banks international auditing facility. After a nice lecture that I presented to the bank manager, they refunded the fee they charged. I desposited the rest of the money in Askari, which didnt charge any fee. Go to Standard Chartered Islamabad or Askari, and ask them how much they charge for a bank statement. In most cases, students going abroad need these certificates as a proof of funding for their universities abroad, and those two pieces of garbage they give for free (the ones u are talking about) dont do the job. And no, they wont give this one to you for free. I dont want to waste more time on this, if you dont believe this, I really dont care.
the quip doing the rounds is that Prince Kareem Agha Khan owns half of Pakistan now and before long all of Pakistan will be taken over...
hope not!
[QUOTE]
*Originally posted by irem: *
the quip doing the rounds is that Prince Kareem Agha Khan owns half of Pakistan now and before long all of Pakistan will be taken over...
hope not!
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and that too very cheaply........