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Bank of Punjab

Bank of Punjab

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Published by Mohsin Ghumman

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Published by: Mohsin Ghumman on Sep 09, 2011
Copyright:Attribution Non-commercial


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 Internship report The Bank of Punjab
Mohsin Javaid 53-S.S1
 Internship report The Bank of Punjab
The Bank of Punjab started functioning with the inauguration of itsfirst branch of 7-Egerton Road, Lahore on November 15, 1989. The architectof the bank Mr. Nawaz Sharif then, the Chief Minister of Punjab, performedthe inauguration.In Pakistan, over long periods of time the gap in saving andinvestment and balance of trade deficit has posed serious threat to the targetlevels of growth The ailments related to the budgetary deficit and publicdebt, both foreign and domestic are in addition. Interestingly even suchadverse circumstances growth of real sector during the preceding yearegistered a favorable change, which speaks of hidden potential and strengthof economyFortunately, the banking sector of the country has the well organizedand properly institutionalized system, which is the major vehicle not only for mobilization of resources to finance trade, agriculture, and industry but alsofor the effective conduct of monetary policy.The emergence of new bank on the national scene in the early 1990shas done two important services to the nation.
Mohsin Javaid 53-S.S2
 Internship report The Bank of Punjab
The saving base of the economy has effectively enlarged and hencethe investment opportunities have increased.
The services of the banks in the fact of severe competition haveimproved considerably so that now consumer are left with extensivechoice to do or undo their business relations with these banks keepingin view quality of their services.The Bank of Punjab is working as a scheduled commercial bank withits network of 243 branches at all major business centers in the country.The Bank provides all types of banking services such as Deposit in LocalCurrency, Client Deposit in Foreign Currency, Remittances, andAdvances to Business, Trade, Industry and Agriculture. The Bank of Punjab has indeed entered a new era of science to the nation under experience and professional hands of its management. The Bank of Punjab plays a vital role in the national economy through mobilization of hitherto untapped local resources, promoting savings and providing fundsfor investments. Attractive rates of profit on all types of deposits,opening of Foreign Currency Accounts and handling of ForeignExchange business such as Imports, Exports and Remittances, Financing,Trade and Industry for working capital requirements and money market
Mohsin Javaid 53-S.S3

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