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Article: Investment banks.(Industrial Pakistan 1997: Banking & Finance)
- Article from:
- Economic Review
- Article date:
- July 1, 1997
CopyrightCOPYRIGHT 1997 Economic and Industrial Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The total Paid-up capital of 14 Investment Banks stood at Rs.31.53. billion and Reserves and surplus stood at Rs. 2.346. billion in 1996. General Break-up Value per share of Rs. 10/-stood at Rs. 14.27.
While overall business conditions remained difficult during 1996, this was more so in the case of investment banks. Domestic savings mobilisation was affected by increased returns announced by the government of Pakistan on its own savings scheme. Regulatory restrictions of funds with minimum one year maturity have made more difficult foreign currency mobilisation. Further, cost of domestic and foreign currency accounts has increased due to introduction of 1 per cent ...
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