An Internship Report on Soneri Bank Ltd. - 1975 Words

An Internship Report on Soneri Bank Ltd. Muhammad Ali Jinnah University ISLAMABAD Internship Report At Submitted by: Mr. Umair Azim ME063005 MBA (BF) An Internship Report on Soneri Bank Ltd. Table of contents ï  ¶ History ï  ¶ Job Description ï  ¶ Departments, I served ï  ¶ Accounts Opening ï  ¶ Remittance ï  ¶ Clearing ï  ¶ Areas, I learnt ï  ¶ How my internship would influence my career ï  ¶ Conclusion An Internship Report on Soneri Bank Ltd. History Incorporated on September 28, 1991 the first Branch of Soneri Bank Limited formally opened doors for operations in Lahore on April 16, 1992 followed by Karachi Branch on May 09,1992. The bank now operates with 72 branches spread all over Pakistan including the Northern Areas of the country where no other†¦show more content†¦Withholding Tax apply on all cash withdrawals and profit credited into account †¢ †¢ †¢ Profit Loss Savings Account PLS Savings Bank Account is a simple, straight forward Savings Bank Account with a great convenience for individuals (in single or joint names) minors (to be operated by the guardian) charitable institutions, provident fund and other funds of kind nature local bodies, limited companies, firms associations, educational institutions, etc. The account can be opened with a minimum amount of Rs. 5000/- (Rupees five Thousand). Rs.25 will be deduct per month if balance decrease from Rs.5000. All other features of Profit Loss Saving account are same as Current Account. SHARING PROFIT/LOSS: †¢ Minimum balance of Rs. 1,000/- is required to qualify for profit An Internship Report on Soneri Bank Ltd. †¢ Profit/loss earned/incurred on PLS Savings Bank Accounts are credited/debited on a six monthly basis within a reasonable time from the date of the close of half-yearly/ yearly books of accounts of the Bank Term Deposit Account Term deposit is offered by Soneri Bank to Individuals (in single or joint names), Minors (to be operated by the guardian), Charitable Institutions, Provident Fund and other funds of benevolent nature local bodies, Autonomous Corporations, LimitedShow MoreRelatedInternship Report on Mcb20087 Words   |  81 Pagesin the organizational environment which is dramatically different from the educational environment. That two months period called â€Å"Internship Period†, if spent properly and sincerely, enables the students to be more confident, more knowledgeable, more responsible and, above all, more committed to its work in the  practical field. I have also been assigned to do internship of six weeks period in MCB Allama Iqbal Town Branch Lahore. It has enabled me to understand the practical scenario and sharpen our

Research Paper on Hurricane Wilma - 2296 Words

Hurricane Wilma November 24, 2015 Geology 1401 Introducion: Cyclones, Hurricanes, and Typhoons, these cyclonic storms are known by many names but are all born from the same mechanism: low pressure systems. Also known as depressions. Thankfully, most hurricanes form only during hurricane season, which is from June 1st to November 30th. Within this season about 85 percent of the most intense hurricanes and 60 percent of minor Atlantic tropical storms and hurricanes originate from African easterly waves (NOAA Cyclone Report). These waves, which have a wavelength of 2000 to 2500 kilo-meters, originate close to or from the highlands of Ethiopia, Africa. Not all easterly waves become hurricanes, but the ones that do travel†¦show more content†¦Thanks to its 213 trillion teraflops, NOAA is able to release fairly accurate 5 day forecasts of hurricanes. Granted, after 3 days the accuracy of these forecasts declines but they do serve as very accurate maps within those first 3 days. Hurricane Wilma On the evening of October 15, 2005 tropical depression number 24 appeared in Atlantic Ocean, its winds at a mere 35 kilo-meters per hour, pressure of about 1004 mb and heading West at a pace of 5 kilo-meters per hour. In the next few hours, the winds of depression number 24 gradually increased to 45 km/h and on the morning of October 16, it had reached speeds of 55 km/h. On the 17nth of October this depression developed into tropical storm â€Å"Wilma†, with wind speeds at about 65 km/h and an internal pressure of 1000 mb. At about 10 A.M the Yucatan Peninsula was issued a warning, alerting them of the possible dangers from Wilma. Following an erratic pattern of movement, experts were not sure where Wilma was headed. On the morning of October 18 Wilma was about 810 km from Punta Allen, Mexico. Wilma once again intensified reaching speeds of 120 km/h, by the end of the day it was officially a category II hurricane at 175 km/h. On the 19nth at 4 A.M, about 595 km from Punta Allen, Mexico hurricane Wilma quickly reached wind speeds of 280 km and pression levels of 980 mb, at these speeds Wilma was now classified as a category V. The rate at whichShow MoreRelatedDoes Global Warming Have An Effect Hurricane?1591 Words   |  7 PagesDoes Global warming have an effect Hurricane? Are Hurricanes being effective by global warming? Many studies have been conducted to look at the effects of global warming on hurricanes. Since Hurricane Katrina, Rita and Wilma pounded the Gulf of Mexico in 2005 with gigantic force, there have been more studies into how global warming is affecting Hurricanes. However before we can answer the question does global warming effect hurricanes, we must find out what a hurricane is and how it works? 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Single Sex versus Co-ed Free Essays

Single-Sex versus Co-education Education is very important for both boys and girls, but the place they are being educated in is very arguable. Nowadays, it has been noticed that in a single-sex educational experience students exhibit an eagerness to participate in discussions. In Australia, the percentage of students attending single-sex secondary schools was 55% of boys and 54% of girls, in 1985. We will write a custom essay sample on Single Sex versus Co-ed or any similar topic only for you Order Now However, by 1995 the proportion of students attending had dropped to 41% of boys and 45% of girls. Let us start by onsidering the fact that studying in separate school, boys and girls, can indisputably concentrate on their studies and not get distracted easily by the opposite sex classmates. In addition to this, some religious and traditional families might be keener to educate their children in separate schools. Generally, students of single- sex schools perform better than those at co-ed schools. On the other hand, it could be better for boys and girls to study together since they should be taught fairly. Communication plays a big role in co-education schools. It helps pupils to communicate and socialize and it is easier for them in the future as they get to interact with others while working, in colleges and universities, etc. Moreover, students at co-ed schools learn to interact better with the other gender. After weighing the pros and cons, I would say that we live in a mixed world where interactions between both genders is compulsory, whether it was a debate at work or a group discussion among co-workers. The ability to speak out without intimidation is a vital feature in each individual. Written And Discussed By: JOY How to cite Single Sex versus Co-ed, Papers

Inflation Uncertainty and Output Growth †Free Samples to Students

Question: Discuss about the Inflation Uncertainty and Output Growth. Answer: Introduction The performance of the economies across the world, in the contemporary periods depend on a variety of endogenous as well as exogenous factors. While the endogenous factors comprise of the dynamics in the different aspects within the economy affecting the economic variables working in the economy, the exogenous factors generally indicate towards the different international phenomena and incidents happening outside the geographical boundaries of the countries but having considerable impacts on the economic activities and the dynamics of the same in the concerned countries (Mankiw, 2014). The macroeconomic traits and the overall performance of the economy of a country can be primarily observed with the help of the working of the primary economic indicators like the GDP growth rate, rate of inflation, rate of unemployment, import export dynamics, balance of payments and other economic variables. Keeping this into consideration, the concerned report tries to analyse the current economic situations of one of the highly developing and one of the newly emerging dominant economies in the global scenario, Malaysia, with the help of the concerned article. As can be seen from the concerned article as well as from the other empirical evidences, in the last few months, the country has been experiencing considerably high rate of inflation rates, as compared to the general trends of price level and inflation in the country. Taking this particular macroeconomic problem of the concerned country into consideration, the concerned report tries to analyse the trends in the inflation rates of the country and the report also tries to interpret and analyse the factors affecting the rates management with the help of the statistical data collected for this purpose. Inflation in Malaysia Inflation in a particular country reflects the overall level of prices of the goods and services prevailing in the country and any change in the same indicates towards the dynamics of the price levels in the country. In this context, the level of inflation in the concerned country, Malaysia, for the last few months, is seen to be considerably high than the regular standard levels of the same, usually prevailing in the country (Thestar.com.my, 2018). this can be shown with the help of the following figure, formed with the help of the data on rate of inflation in Malaysia, collected for the past few months (2017), which is as follows: As is evident from the above figure, the rate of inflation, which decreased considerably in the first half of 2017, in Malaysia, started increasing steadily post June and the same increased considerably in August and September. In September, 2017, the rate of inflation was as high as 4.3%, which has been six-months highest for the country (Elhadary Samat, 2012). The inflation which has been occurring in the concerned period in Malaysia, can be termed mainly as a cost push inflation as the primary contributors in the high rates of inflation in the country are the increase in the cost of transport as well as the prices of the basic consumption goods like food as well as non-alcoholic beverages. The increase in the prices of the above-mentioned commodities and services of daily necessities has been large enough to even offset the decline in the prices of other substances like that of footwear and clothing. The dynamics in the price levels of the essential commodities and services in Malaysia, over the years can be seen from the following figure: The Consumer Price Index of a country tends to show the dynamics in the price levels of the usual basket of goods and services which are purchased by the consumers of a country in general. As is evident from the above figure, over the last few years, the CPI of the country has increased considerably and particularly the price levels of food and non-alcoholic beverages have gone up steadily and considerably. On the other hand, the cost of transport in the country has experienced considerable fluctuations with noticeably high peaks and low troughs. However, in the last year the same has gone up considerably. The primary reason attributed to the increase in the costs of transport in the country is the substantial increase in the price of fuel in the concerned period, with the average price of one litre of petrol (RON95) increasing from nearly RM1.70 in 2016 to as high as RM2.19 in the month of September (2017). The price of RON97 petrol also went up visibly (from RM2.05 in 2016 to RM2.48 in September, 2017). The main reason behind the increase in the price of the fuels in Malaysia can be taken to be the overall increase in the price of oil in the global framework, as can be seen from the following figure, showing the dynamics in the global price levels of crude oil in the last few months: As is evident from the above figure, the prices of the crude oil, in general, which remained consistently high in March and April, fell drastically post May (2017) (Ibrahim, 2015). However, this decline in the price of oil was not sustainable as the prices of the same started rising considerably post June and the increase sustained till September, thereby explaining the increase in the average price of oil in Malaysia, which in turn has resulted in rising the cost of transport, thereby contributing in the higher inflationary pressure in the country. The food and non-alcoholic beverages prices also went up owing to the increase in the price of oils and fats. These commodities comprising nearly 30% of the CPI weights of the country, the increase in price of them has made inflationary pressure in the country inevitable (Zubaidi Baharumshah Soon, 2014). Conclusion From the above discussion it can be concluded that inflationary situation arising in Malaysia in the concerned period (September, 2017) can be primarily attributed to the increase in the cost of transport and prices of food and non-alcoholic beverages, which is itself an outcome of the increase in the price of oil and fat. The increase in the price of petrol in Malaysia can be attributed to an increase in the overall price level of the crude oil in the international scenario in the same period when the inflation in the concerned country is observed to be hitting high rates. References Data.worldbank.org. (2018).Inflation, consumer prices (annual %) | Data.Data.worldbank.org. Retrieved 6 April 2018, from https://data.worldbank.org/indicator/FP.CPI.TOTL.ZG?locations=MY Dosm.gov.my. (2018).Department of Statistics Malaysia Official Portal.Dosm.gov.my. Retrieved 6 April 2018, from https://www.dosm.gov.my/v1/index.php?r=column/cthemeByCatcat=106bul_id=UUh1RkRiSk9naVVSVXhab0djbUp5dz09menu_id=bThzTHQxN1ZqMVF6a2I4RkZoNDFkQT09 Elhadary, Y. A. E., Samat, N. (2012). Political economy and urban poverty in the developing countries: Lessons learned from Sudan and Malaysia.Journal of geography and Geology,4(1), 212. Ibrahim, M.H., 2015. Oil and food prices in Malaysia: a nonlinear ARDL analysis.Agricultural and Food Economics,3(1), p.2. Indexmundi.com. (2018).Crude Oil (petroleum) - Monthly Price - Commodity Prices - Price Charts, Data, and News - IndexMundi.Indexmundi.com. Retrieved 6 April 2018, from https://www.indexmundi.com/commodities/?commodity=crude-oilmonths=12 Mankiw, N. G. (2014).Principles of macroeconomics. Cengage Learning. Thestar.com.my. (2018).Malaysia's Sept inflation at six month high - Business News | The Star Online.Thestar.com.my. Retrieved 6 April 2018, from https://www.thestar.com.my/business/business-news/2017/10/20/malaysia-sept-inflation-at-six-month-high/ Zubaidi Baharumshah, A., Soon, S. V. (2014). Inflation, inflation uncertainty and output growth: what does the data say for Malaysia?.Journal of Economic Studies,41(3), 370-386.