Explanation

The Federal Shariat Court (FSC)

• Established: 1980
• Total Judges: 8
• Ulema Judges: 3 (mandatory)
• Tenure of Judges: 3 years (extendable by the President)
• Founder: General Muhammad Zia-ul-Haq

Last verified on 18-01-2026

Explanation

• Regulatory Authority: SECP (Securities and Exchange Commission of Pakistan)
• Headquarters: Karachi, Sindh, Pakistan
• Formerly: Karachi Stock Exchange Limited
• Foundation Date: 18 September 1947 (as Karachi Stock Exchange)
• Purpose: Regulate stock market, protect investors, ensure transparency

Last verified on 18-01-2026

Explanation

First Governor: Zahid Husain

Term: June 1948 – July 1953

Additional information:

• First Female Governor: Dr. Shamshad Akhtar
• Year of Female Governor Appointment: 2006
• Headquarters: Karachi, Pakistan

Last verified on 16-01-2026

Explanation

Pakistan State Bank started working on 1st July 1948 with the amount of Rs: Thirty Millions.

History of State Bank

It was inaugurated on 1st July 1948.

The headquarters is in Karachi, Sindh

Zahid Husain was the founder and the first governor of the SBP from June 1948 to July 1953.

Dr. Shamshad Akhtar was the first female Governor of the SBP in 2006.

Quaid-e-Azam Muhammad Ali Jinnah inaugurated the State Bank of Pakistan.

The Governor is appointed by the President of Pakistan.

Term of five years.

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.