I have done my best in compiling this report and I hope that It will be

liked and appreciated by all the readers.

Executive summary
Banks play very important role in the economy of any nation. According to many
analysts ,the economics health of any country can be checked by having a look at its
banking sector. Although banks create no new wealth but their principal activities like
borrowing, lending and related activities facilitate the process of production,
distribution, exchange and consumption of wealth.Also the banks mobilizes the
savings of the people into other projects ,thus such series of further investments
brings boom to economy and opens more jobs.For this reason, many economic
icons term bank as the blood of economy.
The similar is the case with Pakistan.The present decade may be termed as the
golden era for banking sector in Pakistan in which many private sector banks have
rapidly boomed up and diversified .The banking sector offered some of the very
demanding offerings specially car leasing , ATM’s ,credit cards that took huge
appreciation and demand from public.The huge success of banking sector also
attracted foreign investment in this sector and therefore we saw massive foreign
investment in our banking sector specially from the Arab States.
Askari Bank is one some banks that covered milestones in very brisk era and have
raised flags of their success ,quality,reliability in the industry. It was founded in 1992
and in its journey of about eighteen years, its growth and success patterns have far
outgrown the industry standards.History is evident that change is inevitable and who
has realized this reality and get consistently modified according to coming change,
has survived even in the tough and intense competition. Askari bank realizing this
fact, has always given keen foucs at innovation ,improvement and flexibility
according to the customer , market and economic environment change.Its shorter
,smart name ,sober colors and fresh outlook depicts its views and ideology of
banking as well as its importance as strongest financial institutions in the country.
As mentioned earlier in preface the worth of internship project , when I came to me
to commence my internship ,obviously there came no other choice in my mind but
Askari Bank.My time there was very good .In that learning environment , I observed
and gained many new things.Internship normally requires six weeks duration ,that is
very negligible to fully comprehend the banking operations and routine activities.but
even then, my managers paid special attention and guidance to meand also I tried
my best that let me to learn much about the banking sector.Like a traditional bank,
there are various departments in Askari bank ,RYK branch and sometimes internees
are rotated in all departments for few days in each department but I was confined by
my manager to some departments onlyand not in all the departments.This report
comprises of first introduction of bank ,then about its branch in Rahim yar khan ,then
a brief introduction of all of its departments and then my working as interne
Army Welfare Trust
Introduction
Army Welfare Trust enjoys a unique and proud history. The Pakistan Armed
Forces have established several organizations for running industrial and
commercial enterprises. These organizations provide employment for ex-
servicemen, besides creating job opportunities for others. These organizations
include Army Welfare Trust (AWT), Fauji Foundation and Shaheen Foundation.
Army Welfare Trust has established a reputation as a leader in the corporate
sector.Its story is that of perseverance, innovation, business acumen and going
beyond the frontiers in agriculture, cement, pharmaceuticals, leasing, insurance,
banking, energy, information technology and many other diverse fields.
Vision
To be one of the leading business houses employing best business practices.
Mission
To undertake safe and profitable commercial activities in a manner that portrays
AWT's image as a respected market leader while generating maximum funds for
meeting the welfare requirements of the Army.
Core Values
We have an unwavering commitment of being a good partner,
focused on building productive, collaborative, trusting and beneficial relationships with
governments, other companies, customers, communities and each other
Milestones
- 1984 …Askari Sugar Mills was established in district Badin, province Sindh .
- 1990
•
Askari Woolen Mills started its operations in March 1990.
•
Askari Shoe project was established in May 1990.
•
Askari Real Estate unit was established in 1990.
- 1992 ..
Askari Bank Ltd. commenced its operations in April 1992.
- 1993 .
.Askari Leasing Ltd. was established in September, 1993.
- 1995
•
Askari Aviation Pvt. Ltd. was established in July 1995 .
•
Askari General Insurance Company Ltd. was established in October 1995.
- 1996
•
Askari Guards Pvt. Ltd. was raised in May 1996.
•
AWT acquired two Cement Plants at Wah and Nizampur in 1996.
•
Askari Pharmaceuticals was found in 1996.
•
Mobil Askari Lubricants Ltd. started operations in December 1996.
-
1997
Askari College for Entrepreneurs was established in July 1997 at Rawalpindi.
-
1998
Askari Information Systems Ltd. was established in 1998.

-
2002
Askari Compressed Natural Gas Project was launched in 2002.
Current Business Units
Army Welfare Trust runs these business units
1: Public Listed Companies
•
Askari Bank Ltd
2: Public Unlisted Companies
•
Askari Cement Ltd Wah
•
MAL Pakistan Ltd
•
Askari Securities Ltd
•
Askari Investment Management Ltd
3: Private Limited Companies
•
Askari Aviation Pvt Ltd
•
Askari Guards Pvt Ltd
•
Askari Enterprises Pvt Ltd
4: Other Business Units
•
Askari Cement Nizampur
•
Askari Real Estate
•
Askari Projects (Woolen & Shoes)
•
Askari CNG

Askari Farms and Seeds

•
Army Welfare Sugar Mills
•
Blue Lagoon & Army Welfare Mess
•
Askari Cement Marketing
Askari
Bank
Limited
Askari Bank Limited
Introduction
Askari Bank was incorporated in Pakistan on October 9, 1991, as a public
limited company. It commenced operations on April 1, 1992, and is principally
engaged in the business of banking, as defined in the Banking Companies
Ordinance, 1962. The Bank is listed on Karachi, Lahore and Islamabad Stock
Exchanges.Askari Bank has expanded into a network of 226 branches / sub-
branches, including 31 dedicated Islamic banking branches, and a wholesale
bank branch in Bahrain.
A shared network of 4,173 online ATMs covering all major cities in Pakistan
supports the delivery channels for customer service. As at December 31, 2009,
the Bank had equity of Rs. 14.95 billion and total assets of Rs. 254.33 billion,
with 984,485 banking customers, serviced by our 6,159 employees. Askari
Investment Management
Limited and Askari Securities Limited
are
subsidiaries of Askari Bank engaged in managing mutual funds and shares
brokerage, respectively.

The bank’s policies, vision , flexible approach ,financial strength , strong back
and firm foundation ,all these elements have already put the bank on its journey
to marvelous success .It has proved its value and strength in a very brief span
of time and yet it has a long way to go ahead.The commitment ,teamwork and
fairness of bank’s employees and the integrity of all of its activities are focused
at efforts driven towards success ,customer satisfaction and eventually long
term profitable relationships.
Corporate Information
A : Director’s Profile

Lt. Gen. Javed Zia HI (M) …..Chairman

Lt. Gen. (R) Imtiaz Hussain HI (M) …….Director

Maj. Gen. (R) Saeed Ahmed Khan…Director

Mr. Zafar Alam Khan Sumbal…Director

Mr. Muhammad Riyazul Haque….Director

Mr. Shahid Mahmud…Director

Mr. Ali Noormahomed Rattansey…Director

Dr. Bashir Ahmad Khan…Director


Mr. Tariq Iqbal Khan ……..Director

Mr. Muhammad Rafiquddin Mehkari …President & Chief Executive

Mr. M. A. Ghazali Marghoob….Company Secretary

Mr. Saleem Anwar…Chief Financial Officer
B: Audit Committee

Dr. Bashir Ahmad Khan…. Chairman

Mr. Ali Noormahomed Rattansey…. Member
C: Auditors

KPMG Taseer Hadi & Co.Charted Accountants.
Legal Advisors : Rizvi, Isa, Afridi & Angell
D: Registrar & Share Transfer Office
M/s THK Associates (Private) Limited,
Ground Floor, State Life Building # 3,
Dr. Ziauddin Ahmad Road,
Karachi - 75530 P.O.Box No. 8533, Karachi.
Tel : (021) 5689021, 5686658, 5685681
Fax: (021) 5655595 UAN: 111-000-322
E: Registered Office /Head Office
AWT Plaza, The Mall,
P.O.Box 1084, Rawalpindi.
Tel : (051) 9063000 Fax: (051) 9272455
Website:ww w .a ska ri b a n k.co m.p k

Awards & Achievements

"Askari Bank has won the first position in the "Best Corporate Report
Award for the year 2008" by ICAP & ICMAP."
Askari Bank continues its success in competition. Recently we have once
again been given the “Best Retail Bank in Pakistan” by The Asian Banker
for the 2nd consecutive year. Askari Bank has been given the 1st Consumer
Choice Award 2004 for the Commercial Banking Category by the Consumer
Association of Pakistan. We have also received the Corporate Excellence
Award for the financial sector from the Management Association of Pakistan
(MAP) for the years 2002, 2003 and 2004.
We have been given “The Best Bank in Pakistan” award by Global Finance
magazine twice i.e. for the years 2001 and 2002. We have been given the
“Best Consumer Internet Bank” award by Global Finance magazine for the
years 2002 and 2003. We won theEur om oney andAsiam oney awards as
early as 1994, 1996 and 1997. We haveA1+, the highest possible credit

rating, for short-term obligations, and our long-term rating stands atAA. We
won the prestigious “Best Presented Annual Accounts” award from the
Institute of Chartered Accountants in Pakistan (ICAP), and The Institute of
Cost and Management Accountants in Pakistan (ICAMP), for the Services
Sector, for the years 2000, 2001and 2002. We have also received ranking
prizes during the last six years from the South Asian Federation of
Accountants (SAFA) for “The Best Presented Annual Accounts” for the
financial sector, in the SAARC region. In 2007 Askari bank won “The Best
Consumer Banking Award 2006” for the third consecutive year from the
consumer Association of Pakistan. In 2008, Askari Bank has been given “The
Best Retail Banking Award 2008” by Pakistan Guarantee Export Corporation
Ltd.
Organogram
Implementation of the new core banking system is planned in phases. In the first phase
most products and services in our conventional branches are being addressed while in
the second phase Treasury and Islamic Banking services will be covered. In view of the
old system being decentralized and its reliance on branch based servers, roll-out of the
new system will be gradual over the entire branch network with all branches of the Bank
planned to be converted to the new system within two years of the first branch going
‘live’ during the first quarter of 2010.
Amongst the other applications, the Supply Chain Management System is expected to
transform the procurement process using electronic workflow over the Bank’s data
communication network. This system will also provide an Enterprise GL for the Bank
and will be able to integrate information from various sources to compile the overall
position of the Bank for reporting to the regulators as well as for the management. This
system will also be maintaining an up-to-date inventory of Bank’s fixed assets in a
central database.
The Human Resource Management System will enable the Bank to maintain an
elaborate database of its workforce. It will enable the human resource function to
manage its work in a highly efficient manner with functionalities such as employees
recruitment, payroll management, performance appraisal, training, etc. This system will
consolidate and upgrade many functions, currently carried out through the use of
disparate systems and procedures. Line managers will also be able to view relevant
information about their respective staff through the data communication network and
thereby manage their staff more efficiently.
The Risk Management System will enable the Bank to achievecompliance with the
central bank’s directives in this area and will help the Bank’s management to be able to
manage risk in a scientific andorganized way. It will help the Bank to achieve Basel-II
compliance in line with the Bank’s policy and regulatory directives.
The Customer Relationship Management System acquired by the Bank has vast
capabilities and will be absorbed into the Bank’s working in phases. In the first phase it
will be deployed to achieve workflow based credit approval in the consumer banking
area and also provide single view of the customer to the call center agents as well as
branch staff and relationship managers.