Pakistani Banking History
Which Bank has given First loan in Millions to Pakistan government at the time independence?
آزادی کے وقت حکومت پاکستان کو پہلا قرضہ کس بینک نے دیا؟
Answer: HBL Bank
Explanation
HBL Bank gave a loan to Pakistan for its first budget
***
HBL was the first commercial bank to be established in Pakistan in 1947
***
HBL moved its operations to Pakistan in 1947 at the request of Muhammad Ali Jinnah, hence becoming the first commercial bank to lay its foundation in the country
ND5-2-2023
This question appeared in
Past Papers (4 times)
Forest Department Past Papers (1 times)
Survey of Pakistan Jobs, Past Papers, Syllabus (1 times)
Survey of Pakistan Technician Past Papers, Syllabus (1 times)
Transparent Testing Service TTS Past Papers, Syllabus (1 times)
This question appeared in
Subjects (4 times)
PAK STUDY (3 times)
PAKISTAN CURRENT AFFAIRS (1 times)
Related MCQs
- Which Bank gave a Rs. 80 million loan to the Government of Pakistan on the request of Quaid-e-Azam when the Reserve Bank of India failed to deliver Pakistan's share?
- according to the particular formula, Pakistan was entitled to receive 1 billion but the Indian government agreed to pay only------at the time of independence.
- Which Bank gave a loan to Pakistan for its first budget?
- From which country State Bank of Pakistan received 2.3 billion US dollar loan in June 2022?
- At the time of the independence of Pakistan, who was the Chief of Pakistan Air Force?
- Who was the First Governor of former NWFP at the time of independence of Pakistan in 1947?
- How many towns in Pakistan at the time of independence more than 100000 population :
- At the time of independence, there were 9 railway systems operating in India. How many were in Pakistan out of 9?
- Which of the following country opposed Pakistan’s membership in the United Nations at the time of Independence?
- At the time of Independence (1947) was the biggest city of Pakistan (Population Wise)?
