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1 July 1948
- These were implemented in June 1948, and the State Bank of Pakistan commenced operation on 1 July 1948.
en.wikipedia.org/wiki/State_Bank_of_Pakistan
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Jun 23, 2013 · After the creation of RBI, the Imperial Bank acted as its agent – a structure still followed after the partition of India, before the State Bank of Pakistan was finally formed in 1948.
In May 1948 Muhammad Ali Jinnah (Founder of Pakistan) took steps to establish the State Bank of Pakistan immediately. These were implemented in June 1948, and the State Bank of Pakistan commenced operation on 1 July 1948.
State Bank of Pakistan has been witness to various historic moments. The State Bank itself was inaugurated by Quaid-i-Azam Muhammad Ali Jinnah on 1st July, 1948.
National Bank of Pakistan (NBP) (Urdu: نیشنل بینک آف پاکستان) is a Pakistani government -owned multinational commercial bank which is a subsidiary of State Bank of Pakistan. It is headquartered in Karachi, Pakistan. As of December 2022, it has over 1,500 branches across Pakistan.
In 1947, Pakistan gained independence from the British Raj. After independence, the State Bank of Pakistan was established as the central bank of the country, with its headquarters in Karachi. Prior to independence, the Reserve Bank of India acted as the central bank for what became Pakistan.
State Bank of Pakistan is the Central Bank of the country. While its constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1st January 1974 when the Bank was nationalised, the scope of its functions was considerably enlarged.
Mar 29, 2015 · The first phase was completed on 30th June 1974. When the bank Bahawalpur was merged with the National Bank of Pakistan. The Premier Bank Limited with Muslim Commercial Bank Limited and Sarhad Bank Limited and Pak Bank Limited renamed as Allied Bank of Pakistan Limited.
