Brief History Of HBL Commerce Essay

Brief History Of HBL Commerce Essay Stragtegic Human Resource Management helps an organization achieve productivity and effectiveness, by sharing the overall vision of the organization, sharing goals and objectives, and making sure that Human Resource is not just a department, but the whole organization speaks of HR as the core division, which means that organization is employee centered. Strategic HR changed a number of things in HBL. It updated the way plans were made, shifting to strategic plans, from a one-man show to bringing everybody on board, encouraging idea generation and sharing proposals, different departments sharing their plans of what to look for in the coming year and democratic decision making by appointing a Strategic Planning Division and appointing member from the Board of Directors that goes through each plan and then the CEO communicating the approved plan to the departmental heads. By this, the plan became not just an objective, but more of a bible. At HBL, after the privatization, a number of i nitiatives were taken, from right sizing and getting rid of lethargic employees, to introducing golden handshake schemes, from moving to performance management system to inducting young blood that brings in creative ideas. Concepts like employee engagement and job rotation became part of the policy, organization-wide rewards programs were introduced. An inevitable change in culture was also accomplished, it from the seniority based to performance based culture. Overall structure of the organization was also made flatter, removing additional levels and bureaucracy. INTRODUCTION TO HBL It is the prime Bank in country established in 1941 having a registered head office in Karachi. It was nationalized in 1974, but recently on 26th February 2004 it has been privatized by Government of Pakistan and is taken over by Aga Khan Fund for Economic Development (AKFED). They acquired 51 percent of shares of HBL. It is one of the largest Banks of Pakistan with 1439 branches, having total assets o f Rs. 1,139,554,000, 5 million total number of customers helping in generating Rs 13 million profit currently. Brief History of HBL HBL established operations in Pakistan in 1947 and moved its head office to Karachi. Our first international branch was established in Colombo, Sri Lanka in 1951 and Habib Bank Plaza was built in 1972 to commemorate the bank’s 25th Anniversary. With a domestic market share of over 40%, HBL was nationalized in 1974 and it continued to dominate the commercial banking sector with a major market share in inward foreign remittances (55%) and loans to small industries, traders and farmers. International operations were expanded to include the USA, Singapore, Oman, Belgium, Seychelles and Maldives and the Netherlands. On December 29, 2003 Pakistan’s Privatization Commission announced that the Government of Pakistan had formally granted the Aga Khan Fund for Economic Development (AKFED) rights to 51% of the shareholding in HBL, against an investme nt of PKR 22.409 billion (USD 389 million). On February 26, 2004, management control was handed over to AKFED. The Board of Directors was reconstituted to have four AKFED nominees, including the Chairman and the President/CEO and three Government of Pakistan nominees. BUSINESS DIVISIONS AT HBL HBL has a wide array of customers, belonging to a wide range of business divisions, from individuals to corporate, from Islamic banking to commercial banking. They are divided into three main categories, as follows:

International Law, the Vienna convention on the law of treaties 1969 Essay

International Law, the Vienna convention on the law of treaties 1969 - Essay Example recognized as such by the British expert Lord McNair, who recalled the MOU as "an informal but nevertheless legal agreement" between two or more parties. The State Sovereignty has the attributes of entering into agreements and treaties with foreign powers. No state can protect itself from the rest of the countries of the world on matters of foreign affairs or relations, international trade, environmental issues, communications or finance. This was strongly implemented after World War II. The great advances made in the field of communications and information technology and the arrival of globalization has made independent States inter-dependent on each other. Treaties can have a significant impact upon the economy and social and political situation of the country and to its people. Nowadays every State has either entered or in the course of entering into treaties be it multilateral or bilateral. Treaties need to have a proper set of laws after a comprehensive study of a particular matter and its perverse effects it can have on food security, indigenous knowledge, health care, the security and the life and livelihood of the citizens – whether beneficial or prejudicial. The treaty-making power is highly potent and can also have some serious harmful effects if not revised carefully. The parliament of a country’s government is competent to make a law and so treaty-making power is not within the exclusive competence of the Executive. it is obvious that the Parliament is competent to make a law with respect to the several matters mentioned in the above entries. In other words, treaty-making is not within the exclusive competence of the Executive. In theory, it is always open to the Parliament to condemn a treaty entered into by the Executive where the treaty will have to affect whatever. Moreover, if any treaty or agreement violates any of the provisions of the Cons titution, it would be totally incompetent and ineffective and even the Vienna Convention would not

Me, My Country and IR Essay Example | Topics and Well Written Essays - 1000 words

Me, My Country and IR - Essay Example According to the Morales (2), the conflict between the United States of America and Cuba has been there for a very long time. However, the conflict reached its peak when Cuba’s dictators took over power in 1959. The regime repressed political opponents, restricted fundamental freedoms, and violated human rights. The ensuing conflict made my grandfather to migrate from Cuba to the United States with several other disgruntled Cubans. De La Torre (34) found out that the Cuban-Americans are the third dominant Hispanic group in the U.S. certain areas have large populations of immigrant Cubans. Based on the 2010 census, there were 1,785,540 Cuban-Americans (both native and foreign born). South Florida alone has over 856,000 Cuban-Americans due to its proximity to Cuba (De La Torre, 45). The region stands out as the largest Cuban-American community. Furthermore, in 2013, a report by the American Community Survey found out that the number of Cuban-Americans has increased to 2,013,150 (Kami, 187-188). My grandfather migrated in the United States in the 19th century both as a labor immigrant as well as due to the authoritarian Cuban regime. Most of the immigrants considered the U.S. as a favored destination. Upon arrival, he told me he experienced various problems including inability to find stable work and language barrier which forced him to take English language classes. I have read in various articles that these problems are still experienced by immigrants. In 1960, the U.S. imposed an embargo on Cuba and later broke diplomatic relations with the nation in 1961. The dispute was as a result of the expropriation of American properties by the Cuban government combined with its decision to adopt a one-party communist way of governance. The U.S. blockaded Cuba in the process. Today, Cuba is the only blockaded nation globally. However, there is still debate on the U.S.