Name the first Pakistani bank which started its operation on 1947?
پاکستان کے پہلے بینک کا نام بتائیں جس نے 1947 میں کام شروع کیا؟
- MCB
- HBL
- UBL
- ZTBL
Explanation
Habib Bank of Pakistan started its operation on August 17, 1947
The State Bank of Pakistan was inaugurated by Muhammad Ali Jinnah on 01 July 1948.
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Habib Bank Limited is a Pakistani multinational bank.
HBL was founded in 1940 by the Habib family.
HBL became Pakistan's first commercial bank.
In 1951 it opened its first international branch in Colombo, Sri Lanka.
The Government nationalized the bank in 1974 and privatized it in 2003.
In 2003 the Aga Khan Fund for Economic Development acquired a controlling share.
HBL major shareholding lies with the Aga Khan Fund for Economic Development (AKFED) which is based in Geneva, Switzerland.
As of 2018, HBL has 1700+ branches with presence in over 25 countries spanning four continents.
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