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In 2018, there were 50.565 million bank accounts in Pakistan for its population of 207.77 million, resulting in a penetration rate of 24.34%. There were 15,053 bank branches, 14,148 ATMs, and 53,269 POS machines active in the country. On 28 April 2022, the Federal Shariat Court (FSC) announced a verdict in a case on Riba, declaring all the ...
sbp.org.pk. The State Bank of Pakistan (SBP) (Urdu: اسٹیٹ بینک پاکستان) is the central bank of Pakistan. Its Constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1 January 1974, when the bank was nationalised and the scope of its functions was considerably enlarged.
Habib Bank Limited (Urdu: حبیب بینک) commonly known as HBL, is a Pakistani commercial bank based at Habib Bank Plaza, Karachi, Pakistan. Established in 1941 by the Habib Family, HBL is Pakistan's oldest, largest and the first commercial bank. In 1951, it opened its first international branch in Colombo, Sri Lanka.
MCB Bank Limited (Urdu: ایم سی بی بینک) is a Pakistani multinational commercial bank which is based in Lahore, Punjab, Pakistan. The majority of shares are owned by Pakistani conglomerate Nishat Group and Malaysian bank Maybank. The bank has a network of 1600 branches and over 1450 ATMs in Pakistan. The current President/CEO of the ...
United Bank Limited (UBL) (Urdu: یونائیٹڈ بینک) is a Pakistani commercial bank headquartered in Karachi. It is a subsidiary of British multinational conglomerate, Bestway Group. It is listed on the Pakistan Stock Exchange and it has been designated as a domestic systemically important bank (D-SIB) by the State Bank of Pakistan.
Abdul Qadir. Personal details. Born. 1893. Died. 1957. Occupation. Banker. Zahid Husain (1893 – 1957) was the founder and the first governor of State Bank of Pakistan from June 1948 to July 1953. [ 1][ 2] He also served as Pakistan's first High Commissioner to India from August 1947 to April 1948.
The history of Standard Chartered in Pakistan dates back to 1863, when the Chartered Bank of India, Australia and China first established its operations in Karachi. In 2006, Standard Chartered Bank acquired Pakistan's Union Bank. On 30 December 2006, Standard Chartered merged Union Bank with its own subsidiary, Standard Chartered Bank (Pakistan ...
Allied Bank Limited (ABL) (Urdu: الائیڈ بینک لمیٹڈ) is a Pakistani commercial bank based in Lahore, Punjab, Pakistan. It is a subsidiary of the Ibrahim Group. [2] It was founded in 1942 with the name of Australasia Bank. It was renamed to Allied Bank of Pakistan, from Australasia Bank Limited in 1974, and Sarhad Bank Ltd, Lahore ...