Industrial Development Bank of Pakistan
INTRODUCTION
IDBP is one of Pakistans’ oldest development financing institution created with the primary objective of extending term finance for investment in the manufacturing sector of the economy. Over the years, however, the Bank has emerged as an institution fostering the growth and development of SME sector stimulating industrial progress in the rural/less developed regions of the country besides offering lucrative opportunities to the house-holds and institutions for the investment in its deposit schemes. IDBP has also become an important component of the financial sector of Pakistan and is playing an active role in money and capital market of the country.
For attaining its objectives, the Bank provides medium and long term finance in local and foreign currencies for the creation of fixed assets to new industrial projects as well as for expansion, balancing, modernisation or replacement of existing projects. It extends technical, financial and managerial advice to its clients in planning and execution of the industrial projects. It also facilitates transfer of technologies from developed countries to industrial enterprises in Pakistan.
IDBP is wholly owned by Government of Pakistan with 57% of its shares held by Federal Government, 36% by State Bank of Pakistan and 7% by Provincial Governments and other Public sector corporations. Its Board of Directors consisting of the representatives of private sector is appointed by Ministry of Finance, Government of Pakistan.
A unique feature of IDBP is that besides Development Financing Institution it is also a scheduled bank and authorised dealer of foreign exchange. Thus IDBP extends all kinds of merchant, investment and commercial banking services to its clients which include provision of short term advances, trade financing, lease financing, guarantees and under-writing. Thus IDBP operates a full-fledged Bank in addition to its role as a development financing institution.
IDBP has the unique distinction of financing the first ever projects for a diversified list of products. These include UHT pack milk, three wheelers, radio/wireless receiving sets, marble processing, coal mining, granite, acetic yarn, PVC deep sea fishing etc. The projects implemented through IDBP’s financing generated over 100,000 new jobs and have an export potential of about Rs.8.00 billion per annum. The value addition by the completed project is estimated at about Rs.15 billion per annum.
FUNCTIONS
DEVELOPMENT BANKING BUSINESS
*Provides medium and long term finances
*Provides guarantee, loans
COMMERCIAL BANKING BUSINESS
*Deposits
*Remittances
*Bills
*Short term advances
*Guarantees
*Letter of Credit
*Foreign exchange accounts
MERCHANT BANKING BUSINESS
*Underwriting of public issue of shares
*Bridge Financing
*Leasing
COLLECTION OF UTILITY BILLS
*Telephone Bills at all branches
*Gas Bills at Branches in Karachi
EQUITY INVESTMENT/TRADING
ADMINISTERS OF THE EQUITY PARTICIPATION FUND
DEPOSIT SCHEMES
IDBP SPECIAL DEPOSIT CERTIFICATES
IDBP MAHANA AMADNI SCHEME
*Mahana Munafa Certificate
*Term Deposit Receipt
*Business Deposit Account
*Profit & Loss Saving Bank Account
*Current Account
IDBP is carrying out sustained efforts to devise customer-oriented banking services. Various deposit instruments suiting the diversified customers needs have been introduced by the Bank. The schemes offered take care of both short and long term requirements of the customers with varying investment funds and have been positioned in such a way that clients may enjoy the most competitive returns on their investments
The investment in IDBP’s deposit schemes is fully secured and guaranteed by Government of Pakistan under Nationalization Act 1974 (XIX of 1974) clause 4 and IDBP is an authorized bank vide Government notification No.F.6(4)BR-II/96-217 dated 17th March 1997 for the placement of surplus funds for all types of Government/Semi-Government and Autonomous Organizations.
IDBP MAHANA AMADNI SCHEME (MAS)***
*The minimum deposit limit is Rs.50,000/-
*There is no higher limit on purchase of certificates under this scheme.
*Maximum term of scheme is five years.
*Zakat and W.H.Tax are applicable according to law.
*Individuals, singly or jointly and the corporate bodies or firms and trusts may invest their funds under this scheme.
*Profit will be payable on the first of every month. In case the first is a holiday, profit will be paid on the next-working day.
IDBP SPECIAL DEPOSIT CERTIFICATES (SDC)***
*The Minimum Deposit Limit is Rs. 50,000/-.
*There is no higher limit on purchase of certificates under this scheme.
*Maximum term of scheme is five years.
*Zakat and W.H.Tax are applicable according to law.
*Individuals, singly or jointly and the corporate bodies or firms and trusts may invest their funds under this scheme.
*Profit will payable on monthly basis.
*** In case of premature encashment profit will be paid as per schedule given below:-
Before 1 year 0%
After 1 year but before 2 years 1%
After 2 years but before 3 years 2%
After 3 years but before 4 years 3%
After 4 years but before 5 years 4%
MAHANA MUNAFA CERTIFICATE (MMC)
*The minimum deposit limit is Rs.100,000/-
*There is no higher limit on purchase of certificates under this scheme.
*Zakat and W.H.Tax are applicable according to law.
*Individuals, singly or jointly and the corporate bodies or firms and trusts may invest their funds under this scheme.
*Profit will be payable on the first of every month. In case the first is a holiday, profit will be paid on the next-working day.
TERM DEPOSIT RECEIPT (TDR)
*Under this scheme the investors may place funds for a fixed period ranging from a minimum of one year to a maximum of three years.
*The Minimum Deposit Limit is Rs. 100,000/-.
(For Muzaffarabad, Mirpur and Gilgit Min. Limit is Rs. 50,000)
BUSINES DEPOSIT ACCOUNT (BD A/c)
*This is an attractive scheme best suited to organizations desiring liquidity with high returns.
*The Minimum Deposit Limit is Rs.100,000/-
*Multiple deposits and withdrawal are allowed.
*Profit is calculated on daily deposit.
*Profit is distributed on six monthly basis.
*Zakat and W.H.Tax are applicable according to law.
PROFIT AND LOSS SAVING BANK ACCOUNT (PLS A/c)
*Our profit on PLS saving bank account is comparable to the highest profit given by other NCB’s.
CURRENT ACCOUNT
*The Bank also offers facility for current account.
BRANCH OFFICES
Branches all over Pakistan are divided into two Regions.
1. North Region : UNCLAIMED DEPOSITS
Peshawar, D.I.Khan, Abbotabad, Gilgit
Mirpur (AK)
Islamabad, Rawalpindi
Lahore, Gujranwala, Faisalabad, Multan
2. South Region :
Karachi, Hyderabad, Sukkur, Larkana
Quetta
*Un-Claimed Deposits as on 31.12.2007
*Current Accounts
*Saving Accounts
*Business Deposits
*Payment Orders
*Term Deposits
*Demand Drafts
*Foreign Currency Accounts
BOARD OF DIRECTORS
*MR. JAMAL NASIM MD/ / Chairman
*MR. MUHAMMAD IQBAL HUSSAIN / Director
*MR. MAHMOOD AKHTAR / Director
*MR. TARIQ IQBAL KHAN / Director
*MR. PERVEZ HANIF / Director
*MR. MAQSOOD ISMAIL / Director
FRAUD WARNING
Fraudulent use of the name and Logo of the State Bank of Pakistan (“State Bank”).
The general public is hereby warned that the name of the State Bank and its official logo and the name of the Banking Laws Review Commission are being misused for fraudulent purposes. The most common method involves victims being notified of monies to be paid to them, by way of an inheritance, by the State Bank’s Overseas Branch. To gain access to these funds, victims are asked to provide personal information e.g bank account number or mobile telephone number etc.
The public is hereby put on notice that the State Bank is the central bank of Pakistan and has no office or branch in any other country of the world. Further, the central bank does not handle such payments. Any message purported to have been sent by State Bank’s overseas branch or office or the Banking Law Review Commission, is fraudulent. Any scheme using the name or logo of State Bank of Pakistan outside Pakistan whether in relation to payment of or release of funds or otherwise, should be reported to law enforcement authorities in the recipient’s home jurisdiction. State Bank will take stern action against any person/party misusing its name.
INTRODUCTION
For attaining its objectives, the Bank provides medium and long term finance in local and foreign currencies for the creation of fixed assets to new industrial projects as well as for expansion, balancing, modernisation or replacement of existing projects. It extends technical, financial and managerial advice to its clients in planning and execution of the industrial projects. It also facilitates transfer of technologies from developed countries to industrial enterprises in Pakistan.
IDBP is wholly owned by Government of Pakistan with 57% of its shares held by Federal Government, 36% by State Bank of Pakistan and 7% by Provincial Governments and other Public sector corporations. Its Board of Directors consisting of the representatives of private sector is appointed by Ministry of Finance, Government of Pakistan.
A unique feature of IDBP is that besides Development Financing Institution it is also a scheduled bank and authorised dealer of foreign exchange. Thus IDBP extends all kinds of merchant, investment and commercial banking services to its clients which include provision of short term advances, trade financing, lease financing, guarantees and under-writing. Thus IDBP operates a full-fledged Bank in addition to its role as a development financing institution.
IDBP has the unique distinction of financing the first ever projects for a diversified list of products. These include UHT pack milk, three wheelers, radio/wireless receiving sets, marble processing, coal mining, granite, acetic yarn, PVC deep sea fishing etc. The projects implemented through IDBP’s financing generated over 100,000 new jobs and have an export potential of about Rs.8.00 billion per annum. The value addition by the completed project is estimated at about Rs.15 billion per annum.
DEVELOPMENT BANKING BUSINESS
*Provides medium and long term finances
*Provides guarantee, loans
COMMERCIAL BANKING BUSINESS
*Deposits
*Remittances
*Bills
*Short term advances
*Guarantees
*Letter of Credit
*Foreign exchange accounts
MERCHANT BANKING BUSINESS
*Underwriting of public issue of shares
*Bridge Financing
*Leasing
COLLECTION OF UTILITY BILLS
*Telephone Bills at all branches
*Gas Bills at Branches in Karachi
EQUITY INVESTMENT/TRADING
ADMINISTERS OF THE EQUITY PARTICIPATION FUND
DEPOSIT SCHEMES
IDBP SPECIAL DEPOSIT CERTIFICATES
IDBP MAHANA AMADNI SCHEME
*Mahana Munafa Certificate
*Term Deposit Receipt
*Business Deposit Account
*Profit & Loss Saving Bank Account
*Current Account
IDBP is carrying out sustained efforts to devise customer-oriented banking services. Various deposit instruments suiting the diversified customers needs have been introduced by the Bank. The schemes offered take care of both short and long term requirements of the customers with varying investment funds and have been positioned in such a way that clients may enjoy the most competitive returns on their investments
The investment in IDBP’s deposit schemes is fully secured and guaranteed by Government of Pakistan under Nationalization Act 1974 (XIX of 1974) clause 4 and IDBP is an authorized bank vide Government notification No.F.6(4)BR-II/96-217 dated 17th March 1997 for the placement of surplus funds for all types of Government/Semi-Government and Autonomous Organizations.
IDBP MAHANA AMADNI SCHEME (MAS)***
*The minimum deposit limit is Rs.50,000/-
*There is no higher limit on purchase of certificates under this scheme.
*Maximum term of scheme is five years.
*Zakat and W.H.Tax are applicable according to law.
*Individuals, singly or jointly and the corporate bodies or firms and trusts may invest their funds under this scheme.
*Profit will be payable on the first of every month. In case the first is a holiday, profit will be paid on the next-working day.
IDBP SPECIAL DEPOSIT CERTIFICATES (SDC)***
*The Minimum Deposit Limit is Rs. 50,000/-.
*There is no higher limit on purchase of certificates under this scheme.
*Maximum term of scheme is five years.
*Zakat and W.H.Tax are applicable according to law.
*Individuals, singly or jointly and the corporate bodies or firms and trusts may invest their funds under this scheme.
*Profit will payable on monthly basis.
*** In case of premature encashment profit will be paid as per schedule given below:-
Before 1 year 0%
After 1 year but before 2 years 1%
After 2 years but before 3 years 2%
After 3 years but before 4 years 3%
After 4 years but before 5 years 4%
MAHANA MUNAFA CERTIFICATE (MMC)
*The minimum deposit limit is Rs.100,000/-
*There is no higher limit on purchase of certificates under this scheme.
*Zakat and W.H.Tax are applicable according to law.
*Individuals, singly or jointly and the corporate bodies or firms and trusts may invest their funds under this scheme.
*Profit will be payable on the first of every month. In case the first is a holiday, profit will be paid on the next-working day.
TERM DEPOSIT RECEIPT (TDR)
*Under this scheme the investors may place funds for a fixed period ranging from a minimum of one year to a maximum of three years.
*The Minimum Deposit Limit is Rs. 100,000/-.
(For Muzaffarabad, Mirpur and Gilgit Min. Limit is Rs. 50,000)
BUSINES DEPOSIT ACCOUNT (BD A/c)
*This is an attractive scheme best suited to organizations desiring liquidity with high returns.
*The Minimum Deposit Limit is Rs.100,000/-
*Multiple deposits and withdrawal are allowed.
*Profit is calculated on daily deposit.
*Profit is distributed on six monthly basis.
*Zakat and W.H.Tax are applicable according to law.
PROFIT AND LOSS SAVING BANK ACCOUNT (PLS A/c)
*Our profit on PLS saving bank account is comparable to the highest profit given by other NCB’s.
CURRENT ACCOUNT
*The Bank also offers facility for current account.
BRANCH OFFICES
Branches all over Pakistan are divided into two Regions.
1. North Region : UNCLAIMED DEPOSITS
Peshawar, D.I.Khan, Abbotabad, Gilgit
Mirpur (AK)
Islamabad, Rawalpindi
Lahore, Gujranwala, Faisalabad, Multan
2. South Region :
Karachi, Hyderabad, Sukkur, Larkana
Quetta
*Un-Claimed Deposits as on 31.12.2007
*Current Accounts
*Saving Accounts
*Business Deposits
*Payment Orders
*Term Deposits
*Demand Drafts
*Foreign Currency Accounts
BOARD OF DIRECTORS
*MR. JAMAL NASIM MD/ / Chairman
*MR. MUHAMMAD IQBAL HUSSAIN / Director
*MR. MAHMOOD AKHTAR / Director
*MR. TARIQ IQBAL KHAN / Director
*MR. PERVEZ HANIF / Director
*MR. MAQSOOD ISMAIL / Director
Fraudulent use of the name and Logo of the State Bank of Pakistan (“State Bank”).
The general public is hereby warned that the name of the State Bank and its official logo and the name of the Banking Laws Review Commission are being misused for fraudulent purposes. The most common method involves victims being notified of monies to be paid to them, by way of an inheritance, by the State Bank’s Overseas Branch. To gain access to these funds, victims are asked to provide personal information e.g bank account number or mobile telephone number etc.
The public is hereby put on notice that the State Bank is the central bank of Pakistan and has no office or branch in any other country of the world. Further, the central bank does not handle such payments. Any message purported to have been sent by State Bank’s overseas branch or office or the Banking Law Review Commission, is fraudulent. Any scheme using the name or logo of State Bank of Pakistan outside Pakistan whether in relation to payment of or release of funds or otherwise, should be reported to law enforcement authorities in the recipient’s home jurisdiction. State Bank will take stern action against any person/party misusing its name.
can u please tell me the gdp share or idbp bak in pakistan
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