Jun 21st, 2015
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NISHAT MILLS LIMITED (NML) commenced business in 1951 as a partnership concern, which was converted into private limited company in 1959. In 1961, the company went public and was listed on the Karachi stock exchange, the only stock exchange in the country at that time.

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Showing Page: 1/44 Punch line of a jobNo matter how efficiently goods / services are produced, ifthey cannot be delivered to the customer in the quickestpossible time it is vain.2. banks nationalised in 1980?The Government of Indian First phase 14 Nationalized banks:1. Bank of India2. Union Bank of India3. Bank of Baroda4. Bank of Maharashtra5. Punjab National Bank6. Indian Bank7. Indian Overseas Bank8. Central Bank of India9. Canara Bank10. Syndicate Bank11. United Commercial Bank12. Allahabad Bank13. United Bank of India14. Dena Bank2nd phase 6 banks in 80s1. Andhra Bank2. Corporation Bank3 New Bank of India4. Oriental Bank of Commerce5. Punjab and Sindh Bank6. Vijaya BankWho s senior?The bondholder is always more senior. Stockholders (including those who ownpreferred stock) must wait until bondholders are paid during a bankruptcy beforeclaiming company assets.4. why buy preffered stock?An investor that wants the upside potential of equity but wants to minimize risk wouldbuy preferred stock. The investor would receive steady interest-like payments(dividends) from the preferred stock that are more assured than the dividends fromcommon stock. (2.) The preferred stock owner gets a superior right to the company'sassets should the company go bankrupt. (3.) A corporation would invest in preferredstock because the dividends on preferred stock are taxed at a lower rate than theinte

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