Which is the first bank in Pakistan?

Answer 1

I believe BankIslami Pakistan Limited was the first Bank to receive the Islamic Banking license under the Islamic Banking policy of 2003 on March 31, 2005. However in the area there has been islamic banking before, just without a license from the Pakistani Central Bank. Mirza Basheer-ud Din Mahmood Ahmad was I believe the first person to discuss Islamic economics in Nizame Nau (1942) and Islam ka Iqtisadi Nizaam (1945). Later work included that of Naeem Siddiqi and Maulana Maududi. The writings of Mohammad Hamidullah (1944, 1955, 1957 and 1962) should not be forgotten. Also the Iqtisaduna (Arabic: "Our Economics") is a major work on Islamic economics by a Mohammad Baqir al-Sadr, his work still forms much of the basis for modern Islamic banking.

The Conference of the Finance Ministers of the Islamic Countries held in Karachi in 1970 was very instrumental as well as the Islamic Development Bank. Dubai Islamic Bank was the first modern islamic bank and yes they have an office in Pakistan but they are supervised outside of Pakistan. Some Western Banks had and have islamic banking offices but the first separate Pakistani Islamic Bank was Bank Islami

Answer 2

Standard Chartered Bank is considered to be the first foreign bank starting its functions in Pakistan. Standard Charted Bank started its operations in Pakistan in 1978. Now Standard Chartered Bank is functioning in almost all major cities of Pakistan.

Answer 3

First bank of Pakistan, The State Bank of Pakistan was established soon after creation of Pakistan. State Bank of Pakistan was founded by Father of the Nation in 1948.

Answer 4

the name was ssmdmz

Answer 5

State bank of Pakistan