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BANKING IN PAKISTAN

ALI I & HASAN N


INDUSTRY : BANKING

AREA : Business History

ORGANIZATION : -

LENGTH : 15

LUMS No : 14-039-87-2

PUBLICATION YEAR : 1987

DESCRIPTION

KEYWORDS:


DESCRIPTION:

Banking in Pakistan emerged from small beginnings. Prior to independence in 1947, nonMuslims largely dominated banking in the region that became Pakistan. Banking was in the hands especially of Hindus, and when they migrated to India in 1947, Pakistan was left with few banking services and skills. Only two Muslim-controlled scheduled banks were operational in Pakistan in 1947: the Habib and Australasia Banks. In addition, there were branches of 19 non-Indian foreign banks, which functioned mainly to service export trade in primary commodities.


LEARNING OBJECTIVES:


SUBJECTS COVERED:

Business History