Pakistan Banking | MCQs

Explanation

HBL Bank gave a loan to Pakistan for its first budget

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HBL was the first commercial bank to be established in Pakistan in 1947

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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

Explanation

With its Vision of establishing 'Islamic banking as banking of first choice' – the Bank commenced operations in 2002, after being issued the first-ever Islamic commercial banking license by the State Bank of Pakistan.

Explanation

Habib Bank Limited was originally established in 1941 by the Habib Family.

 HBL moved its operations to Pakistan in 1947 at request of Muhammad Ali Jinnah.

HBL is Pakistan's oldest, largest, and first commercial bank.

 In 1951, it opened its first international branch in Colombo, Sri Lanka. 

Headquarters: Karachi-