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Banking in Pakistan

History of Banking in Pakistan:


At the time of partation the sub-continental the banking business was controlled and managed by Hindus. When the Hindus capitalists become sure of the partation of sun-continent, they secretely began to transfer their capital in safe areas of India. When Pakistan was established as a independent state the only pakistan bank was Habib bank Limited setup in 1941 and Austrialia Bank Limited setup in 1942. The Muslim commercial bank was setup in 1947. The imperial bank of India functional both for India & Pakistan till november 1949. Due to

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