A sound study on the Pakistan financial market gives some idea on the rates of shares and bonds available on the share market and also on the ongoing financial and economic condition of the country.
State Bank of Pakistan
The State Bank of Pakistan is the central bank of the country and serves as the sole authority to issue and distribute the currency of Pakistan. Headquartered at the financial capital of Pakistan, Karachi, State Bank of Pakistan takes the responsibility to take care of the economic growth and maintain price stability in the country. The State Bank of Pakistan also takes various measures to monitor the financial market of Pakistan.
Karachi Stock Exchange
Pakistan has three stock exchanges to monitor the financial trading in Pakistan – Karachi Stock Exchange, Islamabad Stock Exchange and Lahore Stock Exchange. Karachi Stock Exchange is the largest stock exchange in Pakistan and is the best barometer for indicating the market fluctuations.
In order to get acquainted with the financial and monetary market of Karachi, it’s necessary to get some knowledge of the Karachi stock exchange. The slightest up and down swings in the market indices may cause havoc changes in the prices of shares and bonds. Islamabad stock exchange is the second largest in the country and gives a fine sketch of the Pakistan financial market too.
With the advent of technological era, the exchange of information has become much easier in last couple of years. Now individuals interested in the financial market of Pakistan can easily browse through the various web sites and gather necessary information.
The major banks of Pakistan are:
Allied Bank of Pakistan Limited
Atlas Bank Limited
Bank AL Habib
BankIslami Pakistan Limited
Bank Al-Falah Limited
Crescent Commercial Bank Limited
Habib Bank Limited
Dawood Bank Limited
Habib Metropolitan Bank
Meezan Bank Limited
KASB Bank Limited
Over the years, the financial market of Pakistan is in its growth and has been experiencing a number of foreign bankers embarking into the country.
Here is the list of major foreign banks in Pakistan:
Abn Amro Bank
American Express Bank Limited
Bank of Tokyo Mitsubishi Limited
Deutsche Bank AG
Hongkong and Shanghai Banking Corporation
Habib Bank AG Zurich
Oman International Bank SOAG
The Bank Of Punjab
Standard Chartered Bank Limited
Albaraka Islamic Bank
Last Updated on : 1st August 2013