02.08.2019-750 views -Ubl Internship Statement
MBA (Banking & Finance)
Muhammad Ghazali Ahmed
MOVE NO: T-523189
Allama Iqbal Open University, Islamabad
We believe if anybody honestly reflects on who we are, how we acquired here, whatever we think we would do well, etc, we locate a debt to others that ranges written background. We believe it can appropriate to acknowledge all of the persons, who helped us during our project and give us useful information appropriately.
To start with, we are grateful to Immutable Allah, who have given us the strength, knowledge and willpower to finish this job successfully. All of us also want to thanks to our parents, who actually work hard for people. Their devotion to our lives makes all of us capable to conduct our work better.
I i am also thankful to my personal Sir Abid Nawaz Ghori who provided me the help and when and where necessary.
Banking Sector is the most important sector of virtually any Country because all of purchase, are according to it. Each of our Country Pakistan is also concentrate on it, it includes almost many branches install in Pakistan. In the Current economic Year this sector facing recession or perhaps loss as a result of less in trade of Export. Ahead of the this year This industry are in profit due to Foreign trade because the raw material and also other manufacturing cost are less but now a days and nights this costs are maximize but export rate are generally not increase in this coming year that is why the industry is going to Loss apart from few My own finding and result rendering help to the government and the said companies intended for improving coming from recession to boom and these benefits is base on the economic analysis with the said companies of financial studies
Banking services are extremely important for both economy created and developing economy including Pakistan. Banking services provide two principal purposes. First, by supplying customers with all the basic mediums-of-exchange (cash, current accounts, and credit cards), banks perform a key role in the way services and goods are purchased. Those familiar ways of payment, goods could only be exchanged by barter (trading one good for another), which is extremely labor intensive and inefficient. Second, by simply accepting money deposits from savers after which lending the bucks to debtors, banks motivate the movement of money to productive use and investments. This in turn allows the economy to grow. With no this flow, savings would sit nonproductive in they've safe or perhaps pocket, cash would not be accessible to get, people probably would not be able to purchase cars or houses, and businesses may not be able to build the new production facilities the economy has to produce even more goods and grow. Permitting the flow of money via savers to investors is referred to as financial intermediation, and it is vitally important for the growth of economic system.
Benefits of bank for overall economy
The deposit and loan solutions provided by financial institutions benefit an economy in several ways. First, Saving account, because they act like money, make it much easier to acquire goods and services and thus help both consumers and businesses, would you find it annoying to carry or send through the mail vast amounts of15506 cash. Second, loans enable consumers to boost their standard of living by funding money to acquire cars, houses, and other high-priced consumer products that they or else could not find the money for. Third, financial loans help businesses finance herb expansion and production of recent goods, and thus increase career and economical growth. Finally, since banking institutions want loans repaid, banking companies choose consumers carefully and monitor functionality of a business managers extremely closely. This helps make sure that only the greatest projects receive financed and this companies are manage efficiently. This creates a healthy, efficient economic climate. In addition , since the owners (stockholders) of a company...