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20 Rupees HBL 75th Anniversary
| Issuer | State Bank of Pakistan |
|---|---|
| Year | 2016 |
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| Composition | Log in to see details |
| Weight | 12 g |
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| Reverse lettering | HBL'S 75TH ANNIVERSARY HBL 1941-2016 |
| Edge | Reeded |
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| Additional information |
Habib Bank Limited was founded in 1941 at the direct urging of Muhammad Ali Jinnah, who needed a Muslim-owned financial institution to anchor the economic foundations of a state that did not yet exist. When Pakistan was created in 1947, HBL transferred its headquarters from Bombay to Karachi almost immediately, making it one of the first private institutions to operationalize the new country's banking sector. The bank was nationalized by Zulfikar Ali Bhutto's government in 1974, then privatized in 2004 when the Aga Khan Fund for Economic Development acquired a controlling stake.
Commemorative rupee coins of this type were struck at the Pakistan Mint, Lahore.