Financial Institutions, Constitution and Government Bodies of Pakistan

This topic covers Pakistan's financial, constitutional, and government institutions — a dense, fact-heavy area for LAT since it is a Law Admission Test.

Banking and Finance:

• 'Micro-Finance Bank' was renamed Khashali Bank.
• A personal account cannot be opened in the State Bank of Pakistan, since it functions as the central bank, not a commercial bank.
• Habib Bank Limited is the biggest commercial bank of Pakistan.
• Karachi is home to the largest stock market of Pakistan.
• The First Woman Bank was established on 1st December 1989.

Constitutional and Government Bodies:

• Pakistan became an Islamic Republic in 1956, with the adoption of its first constitution.
• The Parliament is authorized to impose reasonable restrictions on fundamental rights in Pakistan.
• The Chief Election Commissioner of Pakistan is appointed for a term of three years.
• The number of judges of the Supreme Court of Pakistan is fixed at 17.
• The number of amendments made to Pakistan's Constitution (1973) stands at 19 (as per this reference).
• The first amendment to the 1973 Constitution was made in 1974.
• A senator is elected in Pakistan for a term of 6 years.
• Consumer courts started functioning in Pakistan in 2007.
• Dr. Abdus Salam was the first Chairman of SPARCO (Space and Upper Atmosphere Research Commission).

Kashmir dispute:

• The 'Chenab Formula' to resolve the Kashmir dispute was presented by Sardar Abdul Qayyum Khan.

Infrastructure related to finance/scale:

• M8 is the longest motorway in Pakistan.
• Mobilink was the largest mobile company in Pakistan (per this reference).

Why it matters: This is the most numbers-dense topic — terms of office (3 years, 6 years, 17 judges, 19 amendments) are easy to confuse, so cross-checking the exact office/body each number belongs to is essential.