TestUstad
Asked in a 1947 paper

Name the first Pakistani bank which started its operation on August 17 1947:

Correct answer: A. Habib Bank Ltd:

  • A. Habib Bank Ltd:
  • B. Muslim Commercial Bank
  • C. United Bank Ltd:
  • D. Allied Bank Ltd:

Explanation

Habib Bank Limited began operations in Pakistan on 17 August 1947, shortly after independence. It had originally been founded in Bombay in 1941 before shifting its headquarters to Pakistan.

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