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The Federal Bank for Cooperatives (FBC) was a specialized financial institution in Pakistan that catered to the needs of housing and agricultural cooperatives. Established in 1976, it was one of the oldest banks in the country and played an important role in providing agricultural credit during the early decades after partition. [ 1 ]
The Karachi Interbank Offered Rate (KIBOR) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Karachi wholesale (or "interbank") money market. [1]
The FBISE was established under the FBISE Act 1975. [2] It is an autonomous body of working under the Ministry of Federal Education and Professional Training. [3] The official website of FBISE was launched on June 7, 2001, and was inaugurated by Mrs. Zobaida Jalal, the Minister for Education [4] The first-ever online result of FBISE was announced on 18 August 2001. [5]
Higher education in Pakistan is the systematic process of students continuing their education beyond secondary school, learned societies and two-year colleges.The governance of higher education is maintained under the Higher Education Commission (Pakistan) (HEC) which oversees the financial funding, research outputs and teaching quality in the country. [1]
And the federal government has been ordered to completely abolish interest rates and implement a usury-free banking system in the country within a period of five years. [2] On June 25, 2022, State Bank of Pakistan along with four other banks challenged the decision of the Federal Shariah Court against interest in the Supreme Court. [3]
The university is the first multi-campus university in Pakistan, having five modern campuses based in different cities. [3] These campuses are located in Chiniot-Faisalabad, Islamabad, Karachi, Lahore, and Peshawar, providing a standard educational environment and recreational facilities to 11,000 students, out of which 500 are faculty members and a quarter is covered by female students.
On 28 July 2023, the National Assembly approved the establishment of the National University of Pakistan along with 25 other universities and educational institutes. This decision drew criticism from the Chairman of the Public Accounts Committee (PAC), Noor Alam Khan , who raised concerns about the quality of education being provided in ...
The University of the Punjab (UoP), also referred to as the Punjab University (PU), is a public research university in Lahore, Punjab, Pakistan. Founded in 1882, its international influence has made it one of the most prestigious universities in South Asia ; being the oldest and largest public sector one in the wider Punjab region , as well as ...