Pakistan Studies MCQ #299

Which bank provided the first loan in millions to the government of Pakistan at the time of independence?

Pakistan Studies MCQ #299

  1. Question 1

    Q1. Which bank provided the first loan in millions to the government of Pakistan at the time of independence?

    • A) UBL
    • B) HBL
    • C) National Bank
    • D) MCB

    Answer: HBL

    Explanation: Habib Bank Limited (HBL), which had already migrated its headquarters from Bombay to Karachi before independence, provided the first major loan to the nascent Pakistani government.