Submitted By Kiran Mehmood Department of Management Sciences

bba(hons)
The Islamia University of Bahawalpur

Sub campus (RYK)

first of all I would like to express my deep gratitude to “ALLAH” the Almighty,
who is the master of the day of judgment and whose blessings are infinite and who
is eternally compassionate, who is omni present, omni potent and who is the master
of all nature and universe, who enables us to reap the fruits of our efforts in an
effective manner.
I’m thankful to Sir. sahid instructor of money banking for the generous guidance,
help and encouragement to complete this assignment.

THIS REPORT IS DEDICATED TO OUR BELOVED PARENTS, NO DOUBT ROLE MODEL FOR US IN
EVERY MOMENT OF OUR LIFE, AN OCEAN OF ETHICS AND A LIGHT HOUSE THAT GUIDES US IN
EVERY NEXT STEP OF OUR LIFE.
 CONTENTS OF THIS ASSIGNMENT

S# TOPICS
01 INTRODUCTION
02 DIVISION
03 FUNCTIONS
04 MAIN PRODUCTS
05 ASKARI CARDS
06 ASSETS & LIABILITIES
07 C
CONCLUSION

MESSAGE OF PRESIDENT OF ASKARI BANK LIMITED:

It gives me great pleasure to be writing to you at the beginning of an exciting
new chapter in the life of Askari Commercial Bank Limited. The bank was founded in
1992, and in the 15 years since, our growth and success patterns have far outgrown
industry standards. It is a matter of pride for us to be able to offer one of the
widest arrays of products to our customers through our extensive branch network
all over the country.
However, history has shown that change is the only constant and that with time,
always comes change. Just like innovation brings us improvement, and progress
offers the promise of perfection. We are evolving, and our desire to grow with
time coupled with our firm commitment to maintaining excellent standards of
banking quality and services has enabled us to realize that we need to evolve from
within.
You may already have seen our advertising campaign and the new look of our
branches, but I take pleasure in sharing with you our new identity:

Our shorter, smarter name, crisper new colors and fresh new look are an insight to
our views on banking. We aim to provide innovative financial solutions to our
customers, with the security of knowing they are dealing with one of the strongest
financial institutions in the country. Our new slogans

Reflects our customer service philosophy – we’re Askari Bank, ask us!
On behalf of the team at Askari Bank Limited, I thank you for your confidence in
our services. We look forward to seeing you soon.
Warm regards,
President
Askari Bank Limited
THIS BANKING SYSTEM CAN BE DIVIDED INTO TWO MAIN PARTS:
1. Corporate banking division
2. Investment banking division
Corporate Banking Division (CBD)
CBD is your long-term business partner that is geared to help you in meeting your
business growth objectives. The business is managed by a team of professionals who
understand your requirements and can firmly stand by your side.
Dedicated relationship managers for each of our corporate clients ensure your
satisfaction, which is our top priority. Our relationship oriented outlook focuses
upon providing a complete array of tailored financing solutions, that are
practical and cost effective, some of which include:
• Working Capital Facilities
• Term Loans
• Structured Trade Finance Facilities
• Letters of Guarantee
• Letters of Credit
• Fund Transfers / Remittances
• Bill Discounting
• Export Financing
• Receivable Discounting
Investment Banking Division
IBD provides value-added, specialist services and products through a dedicated
team of professionals, with world-class skills, to provide customized solutions to
help our clients meet their strategic objectives. IBD is responsible for
seamlessly originating, executing and distributing all forms of investment banking
transactions ranging from syndicated loans to complex structured and project
financing transactions. Some examples of products offered by IBD include:
• Strategic Advisory
• Privatization Advisory
• M & A Advisory
• Balance Sheet Restructuring
• Syndications
• Project Finance
• Structured Finance
• Islamic Finance
• Private Placements of Debt and Equity
• Issuance and distribution of Term Finance Certificates, Sukuk Bonds, and
Commercial Paper
• Underwritings
• Capital Market Hybrid Products
Like all other commercial banks Askari Bank Limited perform the functions of:
1. acceptance of deposits
2. making loans
3. collection of checks
4. collection of dividends
5. purchase or sale of securities
6. Execution of standing instructions
7. acting as trustee or executor
8. foreign exchange business
9. acts as a referee
10. issue of travelers cheques
11. supplying of trade information
12. Export promotion cell
13. Advise on financial matters
14. Safe custody of valuable.
S

All these functions are categorized in four main headings. Namely,

1. acceptance of deposi6ts
2. making loans
3. Agency functions
4. General utility services
G

Acceptance of Deposits:
In this function Askari Bank Limited open four main or basic types of accounts.
These are
1. CD account or current account
2. PLS account or profit or loss sharing account
3. ASDA account
4. BT F account
A. CD account or Demand deposit
These account usually maintained by businessman and traders. But general public
can also use it. Current account is one where money is being consistently drawn
out and put in. Askari Bank does not pay any interest on these accounts. A cheques
book is given to the account holder. A regular statement containing details of
paid and in paid out also.
B. PLS account or time deposit
The aim of this account is to encourage and mobilize savings of the people. In
Askari Bank this account is generally offered or suggests to small income people.
Askari Bank pays interest on this account. There is restriction on frequent
withdrawal. We will discuss rate of interest paid on this account later.
C. Fixed account or term deposit account (TDRS)
F

a) Short notice deposit receipts (SNDR)

b) Askari advantage (TDR)
i. Askari monthly income certificate or bachat.
D. ASDA accounts
A

E. BTF accounts
B

In these categories Askari Bank Limited opens the following accounts with thier
special terms and conditions. These accounts are:
1. General customer account
a. Joint account
b. Minor account
c. Illiterate account
2. other accounts
a. proprietorship account
b. partnership account
c. limited company’s accounts
d. liquidators accounts
e. Executors and admn. Accounts
f. trust accounts
g. accounts of clubs, societies and associations accounts
h. agent’s accounts
i. Third party mandate if account holder has authorized to operate the account.
Except these accounts Askari Bank Limited also opens some special accounts in four
basic accounts categories. These are:
b. Askari FAIDA account
c. Askari FISDA account
d. Askari deposit multiplier account
e. Askari Roshan Mutable account
f. Askari Mahana Bachat account
1. Askari FAIDA account
A
2. Askari FISDA account
A

3. Askari deposit multiplier account

“Value of initial investment of Rs. 100,000/- will increase to Rs. 265,000/- at
maturity!”
Aim higher with your investments with Askari Deposit Multiplier account. This
account is for individual investors whose purpose is long term savings with high
returns. With a tenure of 10 Years and a competitive rate of return on maturity
this account is ideal for investors who wish to start saving for their future
today.
Salient Features
Product Type: Term Deposit
Eligibility: Individuals Only
Balance requirements: Minimum Rs. 50,000/-
Maximum upto Rs. 10,000,000/-
Tenure: 10 Years
Profit payment: On maturity
Profit Rates: Competitive
Servicing: Available at all Askari Bank branches
Financing Limits: U
Upto 90% of the principle amount

4. saskari Roshan Mustaqbil account

Askari Bank has launched the Askari Roshan Mustaqbil Deposit, a saving plan
specially designed for individual investors who wish to invest now for a regular
return at a later stage while keeping their principal amount intact. With Askari
Roshan Mustaqbil Deposit you can double your investment in a time period of ten
years. Invest now in the form of monthly deposits for five years and get paid back
the same amount for the next five years while receiving your principal amount in
full at the end of the tenure.
Salient Features
Product Type: Term Deposit
Eligibility: Individuals Only
Balance requirements: Minimum Rs. 5,000/-
Maximum upto Rs. 50,000/- In multiples of
Rs. 5,000/-
Tenure: 10 Years (5 + 5)
Profit payment: Monthly – on completion of first 5 years
Profit Rates: Competitive
Servicing: Available at all Askari Bank branches
Financing Limits: Upto 90% of the principle amount after completion of first 5
years
5. Askari Mahana Bachat account
“Earn Rs. 925/- per month on investment of every Rs. 100,000/- for one year!"
“Earn Rs. 1,000/- per month on investment of every Rs. 100,000/- for three years!”
Askari Mahana Bachat Account is a Term Deposit facility available to individual
customer with the option of 1 and 3 Years tenure. It has been designed keeping in
view savings needs of individual investors who don’t want to block their funds for
longer terms, with a competitive rate of return paid monthly on the 1st of every
month. A financing facility up to 90% will be available for customers if required.

Salient Features
Product Type: Term Deposit
Eligibility: Individuals Only
Balance requirements: Minimum Rs. 50,000/-
Maximum upto Rs. 10,000,000/- In multiples of
Rs. 25,000/-
Tenure(s): 1 + 3 Years
Profit payment: Monthly - 1st of every month
Profit Rates: Competitive
Servicing: Available at all Askari Bank branches
Financing Limits: Upto 90% of the principle amount
While interest rates on other PLS accounts are as follows:
Rates of Profit Paid to Value Plus A/C Holders & on ABIC
Particulars Profit Rates
Value Plus Saving Deposits
V
Rs. 10,000/- to Rs. 24,999/- 2.50%
Rs. 25,000/- & above 3%
Value Plus Time Deposits
V
Three months 5%
Six Months 5.50%
One Year 6%
Investment Certificates
I
First Month 4%
Second Month 4.50%
Third Month 5%
Commission being paid to customers on retention of RTC for a period of One Month,
@ 0.1% of face value of RTC.

PROCEDURE OF OPENING AN ACCOUNT

A. Appropriate account opening form
B. Specimen signature card
C. Cheques book requisition slip
D. Vernacular form of customer if he/she signs in a language other than English
and infirm/shaky hand writing.
E. Third party mandate form
F. And if a customer wants then he will fill an ATM card application form.
And when a customer goes to bank for depositing then he will fill a deposit slip
whether CD or PLS according to his bank account.
And for withdrawal he has to fill a cherub from his cheques book given by the bank
at the time of opening account.
Making loans:
An other basic function of Askari Bank Limited is making loans. It makes loans to
businessmen, traders, exporters, households, etc.. These loans are given by the
Askari Bank Limited against documents of title to goods, marketable securities,
personal securities of the borrowers, etc. etc..
Askari Bank Limited makes loans in the form of,
A. Loans
B. Cash credit
C. Overdraft
D. Discounting of bills
A. Loans
Askari Bank grants short and long term loans to individuals, firms and companies
mostly against securities. Askari Bank Limited credited the borrower’s account by
the amount of loan who withdraws it as per his requirements. Askari Bank charge
interest on this loan by specific rate which we discuss later. This interest will
be charged on whole amount.
B. cash credit
It is very common form of borrowing by business concerns. Askari Bank advance loan
to the commercial and industrial units against the security of goods. Askari Bank
Limited permitted the borrowers to draw with in cash credit limit sanctioned by
the bank. The interest is charged only on the used amount.
C. overdraft
It is the convenient form of short term financing by the Askari Bank Limited.
Under this facility the customer arrange with Askari Bank to permit him to
overdraw on his current account opened in Askari Bank. So Askari Bank allow such
person to over draw his account upto specific limit. Whenever the customer has
surplus fund he has to pay such od amount. His account will be debited by the bank
for such amount. Askari Bank charge a lowest rate of interest on it.
D. discounting of bills
Askari Bank also make advances to its customers by discounting bills of exchange.
Discounting of bills refers to making the payments of bills before its maturity.
In this case Askari bank charge discount on it which is its earning. The premature
payment made is a loan to the holder of the bill. Discounting of bills by the
Askari Bank is considered a safe, certain and liquid form of bank lending.

Lending Product Rates

Particulars Markup Rates
Personal Finance
P
Upto 3 Years 18%
Upto 5 Years 22%
Smart Cash
S
1 Year (Renewable) 22%
Business Finance
B
1 Year 1 Year Kibor + 3% to be reviewed on yearly basis
Mortgage Finance
M
20 years maximum 1 Year Kibor + 3% to be reviewed on yearly basis.
Auto Financing 13% to 15%
1

Agency functions
Askari Bank Limited also perform some functions as an agency. These are:
1. collection of cheques
Askari Bank acts as agent to its customers in the collection of payments of
cheques, bills and promissory notes.
2. collection of dividends
Askari Bank provides very useful service in the collection of dividends or
interest esrned on shares held by its customers.
3. purchase or sale of securities
the Askari Bank if authorized by its customer purchases or sell securities on the
behalf of customer and thus add another benefit to its portfolio.
4. Execution of standing instructions
Customer of Askari Bank may order in writing to make payments of regularly
recurring nature to an individual or firm by debiting them to his account. Askari
Bank made payments and charge a small commission.
5. acting as trustee or executor
Askari Bank also acts as trustee if its client directs it, or executor in the
admn. Of a will or in any business settlement requiring a technical knowledge,
Askari Bank will take responsibility also for the benefit of its customer and
charge a small fee for providing this essential service.
c

General utility services

1. foreign exchange business
Askari Bank transact foreign exchange business by discounting foreign bills of
exchange. So they provide facilities for financing the foreign trade. It’s a
profitable business for the Askari bank Limited.
2. acts as a referee
Askari Bank provides a useful services to its customers by acting as a referee for
its credit worthiness. The information is supplied is secrecy and is based
impartially on the respectability and financial standing of the client.
3. issue of travelers cheques
Askari Bank also issues traveler cheques for the convenience of the travelers. And
charge a nominal commission.
4. Advise on financial matters
Askari Bank give valuable advices on various financial matters to its customers.
5. Safe custody of valuable.
Askari Bank Limited also keep valuable ornaments, documents, jewellery, etc. for
safe custody.
MAIN PRODUCTS OF ASKARI BANK LTD.
Askari Bank offer following products while performing its main functions. From
which majority of topics we have been discussed earlier.
1. CONSUMER BANKING SERVICES
2. ISLAMIC BANKING SERVICES
3. AGRICULTURAL FINANCING SERVICES
4. CORPORATE AND INVESTMENT BANKING SERVICES
Consumer Banking Services
Personal Finance
Personal Finance is a parameter driven product for catering to the needs of the
general public belonging to different segments. One can avail unlimited
opportunities through Askari Bank’s Personal Finance. With unmatched finance
features in terms of loan amount, payback period and most affordable monthly
installments, Askari Bank’s Personal Finance makes sure that one gets the most out
of his/her loan. Once a good credit history is established, the door to
opportunity opens much wider.
One of the quickest approval processes around
One can avail unlimited opportunities through Askari Bank’s Personal Finance. With
unmatched financing features in terms of loan amount, payback period and most
affordable monthly installments, Askari Bank’s Personal Finance makes sure that
you get the most out of your loan. No matter what your need is, Askari Bank has
more ways to serve you than ever before.
Product Featuring:

Borrower: Resident Pakistani Nationals.

Facility: Term Finance

Financing Limits: Maximum unto Rs. 500,000/. (Clean)

Maximum unto Rs. 1 Million. (Secured)

Tenor: Maximum unto 5 Years

Repayment: Monthly Installments

Markup Rates: Competitive

Servicing: Available at all Askari Bank branches

Balance Transfer Facility: Available

Eligibility to Apply:

Age: Between 21 to 65 years.

Income: Minimum gross monthly income of Rs. 10,000/- only.

Financing Limits: Maximum upto Rs. 500,000/. (Clean)

Employment: a) Salaried: Minimum length of confirmed service with present

employer is 6 months with a total length of 1 year service.
b) Self Employed: Minimum 1 year in business.

Charges/Fees: As per current schedule of charges.

A

When you are working towards your financial goals, how you borrow can be just as
important as how you invest. The right borrowing options can improve your savings,
your cash flow and your ability to take advantage of personal or business
opportunities.
So, choose the right options and call us now to enquire about your entitlement
amount and exclusive service. At Askari bank we make every effort to serve our
customers with care.
Not restricted to new financing, under Personal Finance scheme, we offer extended
facilities, which are:
Back to Original:
Under this scheme borrower can avail extended amount of finance upto the utilized
allocated amount, if his/her repayments are regular.
Balance Transfer Facility:
It gives the customer the opportunity to pay off his/her outstanding dues on their
credit cards or other loans at a rate of interest much lower than what one pays on
them. That not only frees up their credit limit, but cost of servicing the debt is
greatly reduced.
Computer Loans:
This scheme was launched to promote the I.T. technology in the country. In this
regard, we have signed MOU’s with Multinational companies and large local
corporates including schools & colleges.
Dream Life (Financing for Consumer Durables):
We are the financial market player in delivering quality service to customers with
highly professional standards. We have joined hands with various Electronic
Companies for sale, of the domestic appliances against consumer financing. Under
this scheme, Askari Bank is financing products of these companies, which would
benefit those people who can only afford to buy home appliances on installments
due to limited resources. In addition to this, we have also signed agreements with
other top manufacturers of automobiles for financing of motorcycles to the general
public at most competitive rates.
We have established relationship with almost all top manufacturers and dealers of:

Mortgage Finance

Askari “Mortgage Finance” offers the convenience of owning a house of choice,

while living in it at its rental value. The installment plan has carefully
designed to suit both the budget & accommodation requirements. It has been
designed for enhancing financing facility initially for employees of corporate
companies for purchase/ construction/ renovation of house.
Ever since the inception of life, shelter has been rated among the primary needs
of mankind. Owning a home for oneself still remains an exclusive dream for many.
Askari Bank has made the realization of your dream to have a house of your very
own possible. Whether you plan to build a house, tailor made to your requirements
or buy a constructed house, Askari mortgage finance enables you to pursue your
goal without any problems.
Product Featuring :
Borrower: Resident Pakistani Nationals.

Financing Limits: Maximum upto Rs. 30 Million.

Tenor: Maximum upto 20 years.

Repayment: Monthly Installments.

Prime Security: Mortgage of property.

Markup Rates: Competitive

Servicing: Available at all Askari Bank Branches

Balance Transfer Facility: Available

Balance Transfer Facility: Available.

Eligibility to Apply :

Age: Between 21 to 65 years.

Income: a) Salaried: Minimum gross monthly income of Rs.20,000/- only and

a permanent employee with atleast 2 years of service including present employer.
b) Self Employed: Minimum length of 1 years in business.

Charges/Fees: As per current schedule of charges.

A

Business Finance
In pursuance of the National objectives to revive the economy of the country, ACBL
is providing loans to small and medium size business enterprises under Askari
Bank’s Business Finance Scheme. Our goal is to offer a loan, which enables
business community to receive the financing required by them based on their cash
flows. Our valued customers can enjoy the convenience of getting financing on
attractive terms with the minimum processing turnaround time.
You always wanted to put in that extra money into your business, which makes it
grow... and grow!. Now you can stop worrying about your daily cash requirements,
and start enjoying our unique Askari Business Finance facility.
Available upto 60% of the assessed market value of your residential property,
through equitable/token mortgage.
Product Featuring:

Borrower: Resident Pakistani Nationals.

Facility: Running Finance/Term Finance.

Financing Limits: Maximum upto Rs.1.0 Million

Maximum upto Rs.50.0 Million

Primary Security: Residential & Commercial / Built up Properly & Land.

Mode of Financing: Running Finance: One year line of credit (renewable).

Repayment: Running Finance: Monthly debt servicing on the outstanding balance.

Markup Rates: Competitve.

Servicing: Available at all Askari Bank Branches.

Balance Transfer Facility: Available
Eligibility to Apply:

Age: 21 to 65 Years.

Borrowers: Resident Pakistani Nationals.

Business Requirements: Maximum upto Rs. 500,000/. (Clean)

Employment: Minimum one year’s business or professional experience in the present

business

Charge/Fees: As per current Schedule of charges

Smart Cash

Enjoy the convenience of most attractive financing with minimum loan approval
turnaround time. Don’t wait act now, to enhance your financial resources
This personal line of credit would be set up with a specified credit limit upto
Rs. 500,000/-
R

Auto Financing
Yet another of our products, Askar offers the most convenient and affordable
vehicle- financing scheme, which provides our valuable customers an opportunity to
own a brand new vehicle of their choice. With minimum down payment, lowest
insurance rates and widest range of available car makes and models, Askcar offers
the best value to our esteemed customers.

Islamic Banking Services

Islamic Banking was launched under the brand ‘Askari Islamic Banking’, by opening
6 dedicated Islamic Banking branches in major cities of the country. Further
expansion is planned with improved capabilities for offering products conforming
to the Shariah principles.
Askari Islamic Banking opens the doors for Halal banking solutions. Our objective
is to put in place an efficient banking system suuportive to economic justice and
welfare of society in line with Shariah standards.
A comprehensive range of Islamic Banking products and services is bieng offered,
in order to meet customer’s demand of Shariah Compliant Banking, in the following
areas:
• Islamic Corporate Banking
• Islamic Investment Banking
• Islamic Trade Finance
• Islamic General Banking
• Islamic Consumer Banking
Islamic Banking products have been approved by the Bank’s Shariah Advisor. As per
Shariah requirements, funds and products of Islamic Banking are managed seperately
from the Conventional Banking side. All funds obtained, invested and shared in
Halal modes & investments, under supervision of the Shariah Advisor.
Declared on 10 October 2008
Askari Halal Savings and Notice Account (AHSAN) – Profit RatesProfit Rates are
applicable for profit payment on average monthly AHSAN balances during the period
01 Sep 2008 to 30 Sep 2008
Average Monthly Balance (PKR) Profit Rates (% per annum)
Upto 99,999 5.00%
100,000 – 999,999 5.50%
1,000,000 – 9,999,999 6.00%
10,000,000 – 49,999,999 8.00%
50,000,000 – 99,999,999 9.20%
9

Agriculture Finance Solutions

The role of agriculture in Pakistan economy is of pivotal nature. Due to diverse
geographical and climatic conditions the country has tremendous potential for
growth and development in agriculture. However, adequate and timely financial
assistance to the farmers will improve production potential of agriculture sector
in the country. The modern concept of agricultural credit envisages establishment
of an efficient institutional credit system to serve as a package of credit,
supplies and knowledge for the overall strength of the farmers who at present
suffer from low productivity and financial insecurity. A successful credit
evaluation system, therefore, should have the basic ingredients to provide
adequate amount at the right time and in the right form to help farmers in making
a productive use of loan funds.

ASKARI KISSAN AGRICULTURE FINANCE PROGRAM

The Askari Kissan Agri Finance Program (AKAFP) has been designed to meet ON FARM /
OFF FARM credit requirements of farmers on the most convenient, flexible, easy
terms and conditions. The program features:
• A broad array of credit lines designed to meet farming requirements.
• Repay and borrow at your convenience on revolving credit basis at lowest
mark-up rates renewal able after three years.
• Convenient repayment terms based on cash flow abilities.
• Availability of leased Tractors / Transport without Land / Collateral.
• No Hidden Cost.
• Availability of interest free package for inputs and tractors etc.
• No Pre-adjustment penalties.
• Earn prompt payment Bonuses and reduce financial costs.
• Insurance cover of leased assets, animals, crops and life assurance of
borrowers.
Kissan Ever Green Finance
Askari Bank has launched this program with the sole motive to provide dignity,
prosperity and freedom to the tiller of the land. The program is designed to help
small, medium and large farmers in meeting their short-term input requirements
against one time sanction and automatically renewable upto 3 years subject to its
stipulated utilization/periodical adjustment. The credit line is sanctioned in the
light of available cash flows and input requirements i.e. Seeds, Fertilizer &
Pesticides etc.

Salient Features of the Program are given as:

• Farmer open a profit earning “Askari Ever Green Account” with the branch. A
special cheque book is issued to the farmer.
• Revolving credit limit as “Ever Green Agri Finance” is available to the
farmer against security i.e mortgaged charge on agri land through Zari Pass Book.
• Hassle free, automatic renewal upon adjustment of entire principal amount
with mark-up once in a year.
• The account is farmer friendly which benefits the farmers both ways. If the
account is in credit, it earns profit, otherwise it provides instant finance, to
the farmer for his agriculture needs.
• The mark-up is charged for the actual days the finance is utilized.
• Profit on credit balances will be paid on half yearly basis as declared by
the bank on PLS savings accounts.
Kissan Tractor Finance
Traditional modes of cultivation viz Bullocks, Camels, horses etc can no longer
keep pace with the demands of present times due to manifold increase in the
population. Power in the form of modern technology is therefore the need of the
hour. To meet this emergent requirement, Askari Bank has launched a Askari Kissan
Tractor Finance to bring power to the fields.

Salient Features of the Program are:

• This program has been designed to benefit the owner as well as non-owner
farmers.
• The farmer will have privilege of availing non-funded facility at a reduced
cost under this program on account of more equity participation.
• Although the facility is available for a period of five years. However, good
farmer bonus will be available to the borrower in case the loan is repaid as per
terms of sanction.
• Priority in delivery of tractor will be given by manufacturer as per
arrangements with the bank.
• The farmer’s life & tractor will be insured against contingencies, which
will provide comfort and piece of mind.
Kissan Aabpashi Finance
Agriculture farming is impossible without adequate water. We can combat the
prevalent water scarcity by harnessing more natural resources. Increased use of
mechanical means thus provides a ready alternative. Keeping in view the scarcity
of water, which is the lifeblood of arable lands, Askari Bank has started a
program for farmers, to finance installation of Tube-Wells (electric, diesel and
solar energy units) water management equipments and water channel development
etc., which will help farmers to make optimum use of limited water resources.

Salient Features of the Program are:

• To facilitate the farmer, to overcome the scarcity of water.
• To develop mechanical water resources, sprinkler and drip system etc.
• To avoid traditional / inefficient modes of irrigation and waste of
available water.
• To manage natural / available resources through water management practices.
KISSAN LIVE STOCK DEVELOPMENT FINANCE
In order to supplement the income of the farmer, Askari Bank has launched a
program enabling the farmer to purchase Milch Animals, Goats, Sheep, Poultry and
Fisheries without incurring extra expenditure because of availablility at his
farm. He will be able to get milk, meat and eggs etc., which normally do not form
part of his diet. This program has the added advantage that besides fulfilling his
own family’s consumption needs he will be able to market the surplus and earn
additional income. This will further improve their cash flows to repay their other
Loans / Revolving Credit on due date.

Salient Features of the Program are:

• The program will provide regular day to day income to the farmer to meet his
own consumption and surplus to be marketed.
• This will revive / accelerate and supplement the income generating capacity.

• It will enhance the repayment capacity of the farmer.

KISSAN FARM MECHANIZATION FINANCESalient Features of the Program are:
• Under this program the farmer will get benefit of use of modern agricultural
tools, implements and equipments which are cost and time effective.
• Improves per acre yield of agri crops and quality of agriculture produce to
get good price in the market.
• Helps to match / compete with international standards for exportable
agriculture produce
KISSAN FARM TRANSPORT FINANCE
A grave handicap that afflicts our farmers is their inability, due to lack of
proper facilities, to take their produce to the market through efficient means of
transportation. This adversely affects the freshness, quality of the product and
denies them the desirable Price-Fetching opportunity. Conversely, they lack
mobility to acquire much needed inputs essential for their farming needs. One can
safely conclude that if provided with appropriate and speedy transport, the farmer
can benefit by enhancing his selling abi
Beside Power at the farm i.e. Tractor, the benefits / advantages of power are
maximized with the use of Mechanical Support i.e. modern and improved equipments
which essentially complement one another due to their cost effectiveness and time
efficiency. Askari Bank has launched an Askari Kissan Farm Mechanization Finance
for the assistance of the small farmers and provide finance for farm equipment,
trailer, thresher, drills & rotavators etc.

lity and thus increase his income / cash flow. it is pertinent to mention that a
number of Banks, Leasing Companies and Private Agencies have geared their
marketing efforts to concentrate on and have mainly captured the urban markets.
There is no support provided to cater to the transport needs of deserving rural
farmers community. Askari Bank true to its commitment, has taken the lead to
launch Askari Kissan Farm Transport Finance.
l
Salient Features of the Program are:
• To increase mobility and access of the farmer to the markets.
• To lower the burden / cost of transportation against hired transport.
• To create awareness of market movements in order to obtain maximum price of
their produce.
• This will also supplement the income of the farmer which will ultimately
enhance the repayment capacity of the borrower.
Additional income can be generated if used for hired services to the fellow
farmers.
Home Remittance
Having a network of more than one hundred branches all over Pakistan, we undertake
to provide safe and instant payment of remittance from expatriates, routed through
designated correspondent banks with which special arrangements have been made in
this regard. You can remit funds from any country to Pakistan through SWIFT.
Askari Bank offers the following services to customers:

On line remittance from Qatar via Doha Bank Limited.

Askari Bank has negotiated with Doha Bank Ltd. Qatar whereby remittances to
Pakistan can be sent using our branch network.

Electronic transfers from Saudi Arabia, UAE, GCC countries and other parts of the
world using the vast correspondent banks network of Askari Bank.
Our growing worldwide network of correspondent banks is already serving numerous
customers to route their home remittances favouring beneficiaries in Pakistan,
necessary advisory is also provided to facilitate smooth flow of transactions.

Advisory at branch level.

Well-trained staff at Askari Bank branches is ready to provide the much-needed
advisory to the prospective remitters, highlighting the advantages in routing home
remittances through official channels as against other options.

Same day processing.

In case beneficiary maintains account with Askari Bank, the amount is credited on
the day funds are received, in other cases transactions are disposed off within
twenty four hours from receipt of instructions.

Special cash Pay Out counters.

Special counters on selected locations branches manned by dedicated staff ensure
prompt cash payments.

Efficient transaction tracking system.

Centralized Call Centre and the Home Remittances Cell (presently operating from
Jinnah Super Market, Sector F-7, Islamabad) provide real time tracking for the
pipeline transactions, where necessary investigations are carried out to resolve
the problem with the counter party bank.

Expansion of Agency Arrangements.

Responding to the growing home remittances volume negotiations with a number of
reputable Exchange companies in UAE and other GCC countries are underway which
will further facilitate fund transfer process. (Expected to be finalized during
first quarter of the year 2007).
f

ASKARI CARD
ASKCARD means freedom, comfort, convenience and security, so that you can have
retail transactions with complete peace of mind. ASKCARD is your new shopping
companion which enhances your quality of life by letting you do shopping, dine at
restaurants, pay your utility bills, transfer funds, withdraw and deposit cash
through ATM anywhere, anytime.

Travelers Cheques
The range of our products and value added services enhances with introduction of
Rupee Travelers Cheques (RTCs) launched in March 2002. In spite of our constraint
on issuing higher denomination of RTCs against restrictions imposed by the Central
Bank of Pakistan we have been striving to attain our shares with sizeable
portfolio.
Value Plus Deposits
The first liability product launched by this unit is showing a remarkable
acceptability in the market. The growth of this product is witnessed by its share,
which has presently reached at Rs. 1,079 Million even after lowering down the
profit rates due to sufficient liquidity in the market.
Askari Debit Card
Askari Bank is committed to provide you innovative and competitive solutions to
your banking needs in a more efficient and personalized manner. Your Bank enjoys a
strategic competitive advantage over all domestic players by virtue of its
leadership, large network and technological advancement. In line with our
tradition of innovation, Askari Bank takes pride in announcing launch of “Askari
Debit Card”- Askari Bank’s Debit Card. Askari Debit Card is tailored to your
shopping needs and is another valuable financial solution reflecting our
commitment to build lasting relationship with you.

Askari Debit Card means freedom, comfort, convenience and security, so that you
can have retail transactions with complete peace of mind. Askari Debit Card is
your new shopping companion which enhances your quality of life by letting you do
shopping, dine at restaurants, pay your utility bills, transfer funds, withdraw
and deposit cash through ATM anywhere, anytime.
CREDIT CARD
Askari Bank also introduced its credit card.
CREDIT CARD FEATURES
BEST REWARD POINTS
Askari MasterCard gives you extra value for the money you spend. The accumulated
points appear on your monthly billing statement. To redeem your points for
existing vouchers, you can choose from Askari MasterCard Reward Catalogue or call
Askari MasterCard at 111-000-787.
WORLDWIDE ACCEPTABILITY
Askari MasterCard globally accepted at over 25 Millions merchant outlets world
wide and more than 15,000 such location in Pakistan. This gives you added
convenience, recognition and security wherever you are. You will have the benefit
of receiving your monthly bill in Pak rupee, regardless of the currency of
purchase.
CASH ADVANCE FACILITY
You can withdraw cash against your sanctioned credit limit as cash advance in
Pakistan and around the World through ATMs displaying a MasterCard, 1-Link, Cirrus
& Maestro logo or designated Askari Bank Limited braches, during banking hours.
BALANCE TRANSFER FACILITY
Transfer your outstanding balance of other cards on to your Askari MasterCard. Now
you can avail this offer of balance transfer at incredible rates.
24-HOUR CUSTOMER SERVICES
With Askari MasterCard, you are just a phone call away from the assistance you
need. Our Askari MasterCard customer service is available 24 Hours a day, 7days a
week. To register complaints and to get response to your quires, please call UAN:
111-000-787.For Karachi, Lahore, Rawalpindi & Islamabad.
SUPPLEMENTARY CARDS
Save yourself the inconvenience of applying for a separate Askari MasterCard for
your loved ones. You can request up to 5 supplementary cards when you apply for
your own card. You will receive a consolidated monthly account statement which
covers all cards. This offer is available to your loved ones over 18 years of age.
LOST OR STOLEN CARDS
Please report loss or theft of your Askari MasterCard immediately at our customer
Services UAN: 111-000-787 for Karachi, Lahore and Rawalpindi/Islamabad. Once you
have registered the loss of your credit card, your liability against its
fraudulent use will be limited and we will send a replacement card within 48 hours
of reporting.
CREDIT PROTECTION
Askari MasterCard holders can avail credit cover offer, for the repayments of
their outstanding dues in case of:
• Death
• Temporary/ total disability
• Permanent / total disability
• Terminal illness
LOW SERVICE CHARGES
Your Askari MasterCard allows you to revolve your spending at comparatively low
service charges.
YOUR TRAVELING SAFETY NET
When you purchase your international ticket on Askari MasterCard, you are
automatically covered under our Travel Insurance plan* (in case of personal
accident resulting in death or permanent disability, up to Rs.8,000,000 for our
Gold Card customers and Rs.4,000,000 for our Classic Card customers).
COMPLIMENTARY LOUNGES AT AIRPORTS
Next time you travel internationally, be our privileged guest at CIP Lounge,
Quaid-e-Azam International Airport Karachi, and Rawal Lounge, Islamabad Airport.
Your Askari MasterCard entitles you to a host of complementary services including:
• Snacks and beverages
• Internet, telephone and fax.
• Newspaper & magazine
• Flight information
• Cellular charger connections.
STRESS FREE TRAVELING
When you purchase your airline ticket for international travel on Askari
MasterCard, you get:
• Up to * Rs.10,000 insurance cover for baggage delays exceeding 6 hours.
• Up to * Rs.20,000 as baggage loss claim
*Certain conditions apply
*

FLEXIBLE CREDIT PLAN AT - 0%

Your Askari MasterCard brings you special promotions from time to time through the
Flexible Credit Plan. This provides you the flexibility of making high-value
purchases on your Askari MasterCard and paying them back in equal monthly
installments. To ensure that you do not miss out on these great offers, we mail
these promotion flyers with you account’s monthly statements.
DISCOUNT AND PROMOTIONS
• Your Askari MasterCard also brings you a host of special discount and
promotions across Pakistan.
• Remember to check your Credit Card statement inserts and our web-site for
more information about ongoing promotions.
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