Pakistani tycoon targets India banking

[Mani2020]

Apart from banking he has many things to offer if he gets a chance, Bank is the first step , if it is appreciated in india and spreads a mellow vibe across the country than he may try to bring his other businesses

Nishat group consist of various SBUs and all of them are in top line, The SBUs include

1- Adamjee insurance (biggest insurance company in Pakistan)
2- DG cement (among the top 3 cement producing companies in Pakistan)
3- MCB bank (Comes in top 4 biggest private banks in the country along with UBL,ABL and HBL)
4- Nishat Textiles

Economic development is directly proportional to cement demand , with the growing economy there is always a tendency to focus more and more on construction. India currently having a good economy and ongoing construction plans has an increasing demand for cement, The current local companies are not able to fully meet the demands as a result india has to import cement , DG cement is already exporting cement to india . Setting up cement plant in india will not only generate more jobs but considerably reduce the cement price for the country

 

[IndoUS]

Cement is one thing that India needs a lot with the infrastructure in boom Pakistani companies have a more of a good chance in making a profit in selling cement.

 

[INDIC]

In these only cement sector looks possible and profitable business for India.

 

[xyxmt]

Read about BCCI you get the drift.

Citi, Lehman brothers and most big US banks are doing today what BCCI taught them 20 years ago.

 

[Awesome]

Bank of Credit and Commerce International - Wikipedia, the free encyclopedia

Agha Hasan Abedi was a genius - evil genius no doubt - not many have come that can work at the same level as he did.

I remember looking into his eyes and seeing God and the Devil balanced equally in them.

 

[OrionHunter]

Nice development!

Nice development? I don't think so! The Hurryiat and its bozos in Kashmir will be rubbing their hands in glee as terror funds could then be easily transferred from Saudi Arabia, UAE and Pakistan into their private accounts to fund the terrorists as well as use that money to send their children abroad for studies and build mansions for themselves and their family members. No more going through the odious route of hawala transactions anymore!

And needless to say, they just need to walk to the nearest ATM and withdraw money to hand over to the next lot of stone throwers!

 

[Awesome]

MCB has a global name and follows all the regulatory checks of international bodies like World Check and OFAC and several more have been imposed by State bank of Pakistan and I'm sure so will the Indian Central Bank for its Indian operations

Mansha didn't get to where he is by sullying the name of his good bank.

All these shipments between India and Pak traders need letters of guarantee, letter of credit, shipping guarantees, then there is treasury trade where India can benefit, there will be remittance buffering where Pak banks can help cheaply route money to the Middle East compared to the lack of Indian retail presence in those locations.

The money flow still easily happens - its only unrecorded. Through proper banking channels adhering to Indian laws this can be monitored and controlled.

 

[Alchemy]

I dont mind pakistani investment in india or vice versa .... but it is very difficult to believe that average Indian will be depositing his/her money in Pakistani banks .

However if the bank invests/lends to companies in India and makes money that way that would be more realistic !