Comparison of Products & Services Offered by Local and Foreign Banks in Pakistan

Arshad, Muhammad Nadeem (2006): Comparison of Products & Services Offered by Local and Foreign Banks in Pakistan.

Abstract

In the last decade, information technology has proven to be the major enabler that has helped foreign and local banks in Pakistan to integrate their domestic and worldwide operations. International banks operating in the region are rushing to put in place IT systems that will give them considerable advantages over their local competitors. Diversity in payment systems, customer demand for electronic services and Straight Through Processing (STP) combined with widespread industry consolidation is creating huge challenges for banks. My preferred methodology is to compare the products and services offered by foreign and local banks in Pakistan, by just analyzing the criteria of their offerings. I have performed a comparison between four type of products and services to compare the efficiency of foreign and local banks. And with these comparison the efficiency and productivity of foreign banks is high. Foreign banks were found to be more efficient than the local banks. Loan portfolio, higher productivity, high customer loyalty and market power have the largest impact on efficiency and productivity. With rapid change in technology there is more competition between foreign and local banks for their survival and to meet the expectations of the consumers. This study seeks to investigate the current scenario of banking sector in Pakistan.

• Item Type: MPRA Paper
• Language: English
• Keywords: Local Banks; Foreign Banks
• Subjects: G - Financial Economics > G1 - General Financial Markets; G - Financial Economics > G1 - General Financial Markets > G15 - International Financial Markets

References

1. Ahmad, B., & Ali, S. B. (2012). Do Individual Investors in Pakistan Prefer Dividends?

2. Ahmad, M., & Ali, S. B. (2008). Technical Analysis in the Stock Markets of Pakistan: A Case of Commercial Banks.

3. Aleem, M. U., Purwani, M., Ali, U., Ali, S. B., & Bhojani, N. (2018). Power of Training and Development on Employee Retention in Pharmaceutical Organization, IBT Journal of Business Studies, 14(2), 148-157.

4. Aleem, M. U., Ali, S. B., Naz, S., & Baig, U. (2021). Recognizing the Influence of Training Needs Analysis on Performance of Business Faculties in Karachi Business Schools. KASBIT Business Journal, 14(2), 37-52.

5. Ali, M., & Ali, S. B. (2014). The impact of working capital management on firm profitability and fixed investment in Pakistan.

6. Ali, M. S. B., Iqbal, M. A., & Qazi, N. S. (2014). Shariah Compliance of Islamic Mutual Funds in Pakistan–Perspective of Small Investors’.

7. Ali, S.B., (2012). Quality of Internal Risk Rating Frameworks at Commercial Banks in Pakistan. University Library of Munich, Germany.

8. Ali, S. B., Khan, Z. S., Shah, Z. A., Ahmed, H., & Aziz, A. (2021). Quality of Internal Risk Rating Framework at Commercial Banks in Pakistan, Elementary Education Online, 20 (5), 7150-7163.

9. Ali, S. B. (2012). Corporate Governance and Accounting Practices in Pakistan.

10. Ali, S. B., Farooq, K., Shah, Z. A., & Burney, S. (2021). Testing the Evidence on Weak Form EMH at Pakistan Stock Market. Turkish Online Journal of Qualitative Inquiry, 12(8).

11. Ali, S. B., Hussain, B. M., Baig, U., Khan, Z. S., Raza, A., & Murad, H. (2021). The Enigma of Capital Structure Theories: An Empirical Investigation Between Peer Corporations in Pakistan. International Journal of Advanced Research in Engineering and Technology, 113-124.

12. Ali, S. B., & Khalidi, M. A. (2020). Valuation of equity securities, private firms, and startups. IBT Journal of Business Studies (JBS), 16(1).

13. Ali, S. B., Khan, Z. S., Shah, Z. A., & Ahmad, M. (2021). Lean Accounting System: Importance and Successful Implementation. Journal of Contemporary Issues in Business and Government| Vol, 27(3), 2388. 14. Ali Zaidi, S. N., & Ali, S. B. (2006). Risk and Scope of Debit Check Card in Competitive Market of Pakistan.

15. Arshad, M. A., Ali, S. B., Masood, K., Syed, A., Jabeen, N., & Sabir, R. I. (2021). The Nexus between Culture and IT Capabilities and Innovation Capabilities: Focusing on Manufacturing Firms in Pakistan. Multicultural Education, 7(9).

16. Arshad, M. A., Ali, S. B., Jafri, S. K. A., Arshad, M. H., & Sabir, R. I. (2021). Effect of Organizational Culture and Information Technology Capabilities on Innovation Capabilities: A Case of Manufacturing Firms. Elementary Education Online, 20(5), 6388-6388.

17. Arshad, M. Z., Ali, S. B., Sabir, R. I., Shahidan, A. N., & Arshad, M. A. (2021). The interrelationship between Orientations and SME’s Performance. Turkish Online Journal of Qualitative Inquiry, 12(7).

18. Baig, U., Hashmi, M. A., Ali, S. B., & Zehara, S. (2020). Exploratory Sequential Mixed Methods in Doctorate Research: Extended Application of Constructivist Grounded Theory. IBT Journal of Business Studies (JBS), 16(2).

19. Daulatzai, M, U. K., Ali, S. B., Jafri, S. K. A., & Awan, M. H. T. (2021). Impact of Green HRM on Environmental Performance: Mediating Role of Employees’ Organizational Commitment, International Journal of Disaster Recovery and Business Continuity, 12(1), 405–412. 20. B. M., Baig, U., Ali, S. B., & Zehra, S. (2020). An Empirical Investigation Factors Influencing upon Investment Decision of Women Entrepreneurs. International Journal of Innovation, Creativity and Change, 11 (11).

21. Hussain, Z., & Ali, S. B. (2009). Implementation of Operational Risk Regime: A Case of Commercial Banks in Pakistan.

22. Khurram, W., Jafri, S. K. A., Ali, S. B., & Shah, Z. A. (2021). Survival of the Quickest: Role of Innovativeness and Transformational Leadership in Determining Sustainable Competitive Advantage of Born Global SMEs. Survival, 12(1), 907-929.

23. Murad, H., Ali, S. B., Baig, U., Raza, A., Ali, S., & Abdullah, A. (2021). Comparative study: conventional and Islamic banking performance in Pakistan. International Journal of Management (IJM), 12(3), 448-459. 24. Riaz, H., Ahmed, H., & Ali, S. A. (2021). Mapping the Impact of Employee Engagement on Job Performance with Mediating Role of Work-Life Balance: An Investigation of Private Sector Organizations in Pakistan, Market Forces Research Journal, 16(2).

25. Rizvi, A., & Ali, S. B. (2011). Risk Taking Behavior of Investors of Pakistan 26. Shah, Z. A., Ali, S. B., Burney, S., & Azhar, K. A. (2021). Student-Perceived Service Quality in Management Science – MS, PhD Programs of TIER 1 Business Schools in Karachi, Multicultural Education, 7 (6).

27. Ullah, Z., Sulaiman, M, A. B. A., Ali, S. B., Ahmad, N., Scholz, M., & Han, H (2021). The Effect of Work Safety on Organizational Social Sustainability Improvement in the Healthcare Sector: The Case of a Public Sector Hospital in Pakistan. International Journal of Environmental Research and Public Health, 18(1), 1-18.