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.

Explanation

WAPDA (Water and Power Development Authority) was established to manage water resources and electricity generation in Pakistan.

It oversees dams, power plants, and irrigation projects.

WAPDA plays a key role in national development and flood management.

Explanation

Headquarters of Zarai Taraqiati Bank Limited located in Islamabad. 

Modern agriculture technology machinery and Agriculture loans in Pakistan.

Explanation

 Pakistan Stock Exchange is officially abbreviated as PSX

Pakistan Stock Exchange Limited, commonly known by its acronym PSX.

After the merger of Karachi, Lahore, and Islamabad stock exchanges in 2016.

Karachi Stock Exchange (now part of Pakistan Stock Exchange) was the largest and most active in the country.

Founded: As Karachi Stock Exchange (KSE) in 1947; integrated into PSX in 2016.

Headquarters: Karachi, Pakistan. 

Explanation

The Pakistan Central Cotton Committee (PCCC)

It was established in 1948 by an Act of Parliament to boost Pakistan's cotton sector through research, development, and improved practices

Explanation

CNIC Stands for Computerized National Identity Card

The CNIC was introduced in 2000

NADRA Founded: March 10, 2000, Islamabad

NADRA Headquarters: Islamabad
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History

Pakistan initiated its National Identity Card System in 1973 under Article 30 of the Second Amendment.

The first NIC being that of Zulfiqar Ali Bhutto, the Prime Minister of the time