Summary 1

The background oh Pakistan banking sector from the day of independence on August 14,1947
from British rule. It indicates the journey of Pakistan banking sector from the establishment of
(SBP) on July 1st, 1948 as a central bank of Pakistan. During 1950s and 1960s banking sector got
expansion due to development projects in 1974 banks operating in Pakistan got nationalized and
came under the direct control of the Govt. of Pakistan. Banking sector is an important component
of financial sector proper management of financial resources across the globe. Presets a glossary
of development in banking sector of Pakistan to