List of Banks in Pakistan

Banks in Pakistan: An Overview

The banking sector in Pakistan is a cornerstone of the country’s financial system, playing a vital role in economic growth, trade, and development. Over the years, banks in Pakistan have evolved to meet the demands of a growing economy, offering various services such as personal banking, corporate banking, and specialized financial solutions.

Pakistan’s banking system comprises commercial, Islamic, foreign, and specialized banks catering to the population’s diverse needs. With significant advancements in technology, online and mobile banking have also become integral to the operations of banks in Pakistan.

Historical Background of Banks in Pakistan

The journey of the banking sector in Pakistan began in 1947 after the country gained independence. Habib Bank Limited, established before independence, was the first bank to relocate its operations to Pakistan. Shortly thereafter, the State Bank of Pakistan was founded as the central regulatory authority.

Foreign banks also played an important role during the initial year, with institutions like Grindlays Bank and Standard Chartered Bank establishing their presence. Over time, the sector expanded to include both conventional and Islamic banks in Pakistan.

Types of Banks in Pakistan

Here are the main types of banks in Pakistan:

1. Commercial Banks: These banks offer a wide range of financial services to individuals, businesses, and government entities. They include both local and foreign banks operating in Pakistan.
2. Islamic Banks: Islamic banks operate based on Shariah principles, avoiding interest-based transactions and focusing on profit-sharing arrangements and ethical investments.
3. Development Financial Institutions (DFIs): DFIs provide long-term finance for industrial and infrastructure projects. They play a crucial role in the economic development of Pakistan.
4. Microfinance Banks: These banks specialize in providing financial services to low-income individuals and microenterprises. They offer microloans, savings accounts, and other financial products tailored to the needs of marginalized communities.
5. Specialized Banks: These banks focus on specific sectors such as agriculture, housing, and export financing. They cater to the unique financial requirements of these sectors.
6. Foreign Banks: These are banks with headquarters based outside Pakistan but operate branches or subsidiaries within the country. They contribute to the diversity and competitiveness of the banking sector.
7. Investment Banks: Investment banks focus on advising mergers, underwriting securities, and managing investment portfolios for clients, specializing in financial services.
8. Central Bank: The State Bank of Pakistan is nation’s central bank, responsible for overseeing banking, monetary policy, and financial stability.

These banks collectively form Pakistan’s financial backbone, serving diverse financial needs and contributing to economic growth and stability. They cater to individuals, businesses, and government entities alike.

List of All Banks in Pakistan

Here is the comprehensive list of all banks in Pakistan, categorized for easier understanding:

1. Allied Aitebar Islamic Banking

Allied Aitebar Islamic Banking is a Shariah-compliant banking service offered by Allied Bank Limited (ABL) in Pakistan. This Islamic banking division of ABL provides a range of financial products and services that adhere to Islamic principles. Recently, Allied Aitebar Islamic Banking launched the Rehnumai Series to educate the audience about Islamic banking and finance. The bank also offers the Allied Aitebar Premium Account, which provides 24/7 access through Allied Phone Banking. This initiative showcases ABL’s dedication to offering Shariah-compliant banking solutions and innovative services endorsed by its Shariah Board, which comprises renowned scholars from Pakistan.

For more information about MCB Bank and its services, you can visit their official website at

www.abl.com/islamic/

2. Al Baraka Bank (Pakistan) Limitted

Al Baraka (Pakistan) Limited (ABPL) was establish through the first merger in the Islamic Banking sector of Pakistan. The merger included the branch operations of Al Baraka Islamic Bank Bahrain, Al Baraka Islamic Bank Pakistan, and Emirates Global Islamic Bank (Pakistan). Consequently, starting from 1st November 2010, the operations of the merged entity commenced. Subsequently, a second merger took place in 2016 with Burj Bank Ltd. As of September 2016, ABPL has established a national presence in Pakistan. Established in 1991, this private Islamic banking company operates a network with over 190 branches in 97 cities across Pakistan.

It specializes in providing Islamic financial services, including retail banking, corporate banking, investment banking, and consumer banking solutions. The company is backed by the Al Baraka Banking Group, a prominent Islamic banking conglomerate.

You can visit their official website at

www.albaraka.com.pk

3. Allied Bank Limited

Allied Bank (ABL) is the fifth-largest commercial bank in Pakistan, functioning as a subsidiary of the Ibrahim Group. Headquartered in Lahore, ABL boasts a significant presence with over 1,500 branches and ATMs across the country. Originally founded as Australasia Bank in 1942 before Pakistan’s independence, it was renamed Allied Bank of Pakistan in 1974. This transformation included the merger of Sarhad Bank Ltd, Lahore Commercial Bank Ltd, and Pak Bank Ltd into its operations.

Allied Bank Limited (ABL) is a public company traded as PSX: ABL on the Pakistan Stock Exchange. Allied Bank Limited offers a range of financial services as part of its product offerings. As of 2022, the company has a significant workforce comprising approximately 11,929 employees. It operates under the ownership of the Ibrahim Group.

For more information about Allied Bank Limited and its services, you can visit their official website at

www.abl.com

4. Askari Bank Limited

Askari Bank Limited, formerly Askari Commercial Bank, offers services in banking, Islamic banking, capital markets, and asset management in Pakistan. The bank, founded on 9 October 1991 and headquartered in Rawalpindi, Pakistan, serves customers throughout the country. It operates 600 branches and 500+ ATMs nationwide in Pakistan, with an additional wholesale bank branch in Bahrain.

Key people at Askari Bank Limited include Waqar Ahmed Malik as the Chairman and Atif Riaz Bokhari as the CEO. The bank offers loans, credit/debit cards, savings, consumer/business banking, Islamic banking, and priority banking among its products/services.

As of 2022, Askari Bank Limited has approximately 7,348 employees. It is a subsidiary of Fauji Foundation.

You can find more information about the bank on their official website at

www.askaribank.com

5. Advans Microfinance Bank

Advans Microfinance Bank is a part of the Advans Group, operates internationally including Pakistan, as a leading microfinance institution. It is the 6th Greenfield institution of the Advans group. On 17 April 2012, it established itself as a public limited company under the Companies Ordinance, 1984. On June 28, 2012, it acquired a State Bank of Pakistan license to function as a microfinance bank in Sindh.

Advans Pakistan Microfinance Bank aims to provide microfinance services to the poor and underserved, focusing on financial inclusion. They tailor services to meet the needs of those excluded from traditional banking.

Advans Pakistan MFB offers a platform for customers to register General Banking or Roshan Digital Account complaints via Sunwai-Customer Complaint Service, an official State Bank of Pakistan portal for consumer rights protection.

For further details, individuals can visit their website at  

www.advanspakistan.com

6. ASA Pakistan Microfinance

ASA Microfinance Bank (Pakistan) Limited, formerly ASA Pakistan Ltd., is a wholly-owned subsidiary of ASA International Group Plc. It operates under a license from the State Bank of Pakistan, playing a significant role in the country’s microfinance sector.

The institution operates as a for-profit, non-depository Microfinance Institution. It focuses on providing microfinance loans to low-income entrepreneurs, aiming to enhance financial inclusion and foster socioeconomic progress.

ASA Microfinance Bank started operations in 2008, playing a vital role in meeting financial needs, especially for underprivileged female entrepreneurs. The bank aims to reduce poverty by empowering the underprivileged. This offering financial services to those without access to traditional banking.

For further details about ASA Microfinance Bank (Pakistan) Limited, individuals can visit their website at www.pakistan.asa-international.com

7. Apna Microfinance Bank

Apna Microfinance Bank Limited (AMBL) is a Pakistani bank that provides financial services to the less privileged and underserved segments of society. The bank, incorporated in 2003, operates under the Microfinance Institutions Ordinance, 2001, and holds a listing on the Pakistan Stock Exchange Limited. Its primary goal is to provide microfinance services to the poor and marginalized communities, focusing on economic empowerment of women and financing micro-entrepreneurs in agriculture and micro-enterprises in rural areas.

The bank offers a range of services, including internet banking, mobile banking, and branch and ATM locations across Pakistan. Its internet banking platform provides secure and convenient access to manage accounts, transfer funds, and pay bills from anywhere with an internet connection. The mobile banking service, in collaboration with Pak Telecom Mobile Limited (ufone), allows customers to access their accounts and perform transactions using their mobile phones

You can find further details about Apna Microfinance Bank on their website at

www.apnabank.com.pk.

8. Akhuwat Microfinance

Akhuwat Foundation is a non-profit organization based in Pakistan that focuses on providing interest-free microcredit to the poor. One of its core programs is the Akhuwat Islamic Microfinance (AIM), which has disbursed 4.5 million interest-free loans to 3.5 million families across 800 cities in Pakistan, totaling PKR 128 billion (US$798 million) as of 2020. The AIM program aims to provide financial access and support to the underprivileged, with a significant portion of loans going towards family enterprises.

Additionally, Akhuwat has expanded its initiatives beyond microfinance to include education, health services, free clothing distribution, and support for marginalized communities like the transgender community. Through its various programs like Akhuwat Education Services (AES), Akhuwat Clothes Bank (ACB), Akhuwat Khwajasira Support Program (AKSP), and Akhuwat Health Services (AHS), Akhuwat strives to address poverty and empower individuals through a holistic approach.

For further information, please visit the official website of Akhuwat Islamic Microfinance at 

www.akhuwat.org.pk/akhuwat-islamic-microfinance

This website provides detailed insights into Akhuwat’s mission to alleviate poverty through interest-free microfinance initiatives, their impact on society, loan processes, and the organization’s vision for a poverty-free society built on compassion and equity.

9. Bank of Khyber

The Bank of Khyber (BOK) is a financial institution based in Peshawar, Pakistan, owned by the Government of Khyber Pakhtunkhwa.

Established in 1991 as a state-owned regional bank, it operates 191 branches across the country as of August 2021. BOK, along with the Bank of Punjab and the First Women Bank, was set up to offer conventional banking, Islamic banking services, and microfinance loans to its customers.

In January 2006, BOK conducted its initial public offering (IPO) at the Karachi Stock Exchange. The bank’s branch network includes dedicated Islamic banking branches, sub-branches, and booths, offering a wide range of products and services to its clientele.

Additionally, BOK launched its mobile application, BOK Digital, on January 15, 2021, as part of its efforts to enhance digital banking services and customer convenience.

For more information, you can visit their website at The Bank of Khyber.

10. Bank Makramah Limited (BML)

Bank Makramah Limited, previously known as Arif Habib Bank and Summit Bank, is a public company operating in the banking industry in Pakistan. It trades as PSX: SMBL and was founded in 2006. The bank is headquarter in Karachi, Pakistan, and has 193 locations as of 2022.

The bank offers a range of products such as bank loans, debit cards, and savings accounts.
It has approximately 1,645 employees as of 2022 and operates as a subsidiary of Suroor Investments Limited. BML aims to provide innovative financial solutions to its customers while adhering to Islamic finance principles. The transition from Summit Bank Limited to Bank Makramah Limited signifies the bank’s commitment to embracing Islamic finance and enhancing customer experience. Additionally, BML introduced a mobile application called BOK Digital to improve customer convenience and digital banking services.

For more information about Bank Makramah Limited, you can visit their website at www.bankmakramah.com.

11. Bank Alfalah Limited

Bank Alfalah Limited, formerly known as Habib Credit and Exchange Bank, is a prominent retail bank in Pakistan and a subsidiary of the Emirati company Abu Dhabi United Group. Established in 1997, Bank Alfalah is one of the largest private banks in Pakistan, operating a vast network of over 890 branches in more than 200 cities across Pakistan, with additional branches in Bangladesh, Afghanistan, Bahrain, and the UAE.

The bank offers a wide range of financial services, including corporate and investment banking, consumer banking, credit, securities brokerage, commercial, SME, agri-finance, Islamic banking, and asset financing. Bank Alfalah has a strong international presence and is owned by the Abu Dhabi United Group and has approximately 13,862 employees as of 2022. . In 2014, the International Finance Corporation (IFC) of the World Bank became a partner with a 15 percent stake in the bank.

Their official website is

www.bankalfalah.com

where you can find more information about their services, branches, and other details.

12. Bank Al-Habib Limited

Bank AL Habib Limited is a prominent Pakistani commercial bank own by the Dawood Habib Family and headquarter in Karachi, Pakistan. Established in 1991, it has grown to become one of the largest banks in Pakistan, with a vast branch network of over 1,000 branches in more than 400 cities across the country.

The bank offers a wide range of financial services, including loans, credit cards, savings, and consumer banking. Bank AL Habib has a strong reputation and has received recognition for its financial stability, with Forbes Asia selecting it as one of the top 200 Best Under A Billion companies in 2005.

Additionally, the bank has made significant strides in digital banking, offering services like internet banking and partnering with Mastercard for credit card issuance. Bank AL Habib is known for its strong correspondent relations with international banks and its active participation in interbank ATM sharing systems like 1-Link, positioning it as a key player in the Pakistani banking sector.

You can find more information about Bank Al Habib Limited on their website at

www.bankalhabib.com

13. Bank Islami Pakistan Limited

Bank Islami Pakistan Limited, commonly known as BankIslami, is a leading Islamic bank in Pakistan. Establishing in 2006, the bank operates with a vision to establish itself as the premier Authentic Islamic bank in the country. BankIslami is the 11th largest banking network in Pakistan, with a significant presence through its 400+ branches in 150 cities across the nation.

The bank offers a range of Shariah-compliant financial products and services, including retail banking, investment banking, consumer banking, and trade finance. BankIslami focuses on wealth management as a core area of business and aims to provide innovative and customer-centric Islamic banking solutions.

As of 2021, Bank Islami Pakistan has approximately 4,046 employees. It is owned by Jahangir Siddiqui & Co., holding a 21.26% stake in the bank.

For more information about Bank Islami Pakistan, you can visit their website at

bankislami.com.pk

14. Bank of Azad Jammu & Kashmir

Bank of Azad Jammu & Kashmir (BAJK) is the state-owned bank of the Government of Azad Kashmir, headquartered in Muzaffarabad, Azad Kashmir. Established in 2005, BAJK operates as a fast-growing commercial bank with a network of 84 branches across Azad Jammu & Kashmir. The bank’s primary objective is to mobilize private savings and public funds for productive investments, promote industrial and agricultural development, facilitate rural micro-financing, and support socio-economic activities in underdeveloped areas.

BAJK offers a range of financial products and services, including bank loans, credit cards, savings accounts, and consumer banking. Notably, the bank has seen significant growth, with its total assets reaching a record high of Rs. 28.4 billion (US$98 million) in the first half of the 2022 calendar year, marking a milestone in its 15-year history.

The official website of Bank of Azad Jammu & Kashmir can be access at 

www.bankajk.com

15. Burj Bank Limited

Burj Bank Limited, previously known as Dawood Islamic Bank Limited (DIBL), held significance as an Islamic commercial bank in Pakistan. Established in 2006, it operated with a diverse range of Shariah-compliant financial products and services for individual and corporate customers. The bank received its license from the State Bank of Pakistan in May 2006 and officially commenced operations in April 2007.

Burj Bank had a strong foundation with key stakeholders like the First Dawood Group, the Islamic Corporation for the Development of the Private Sector (ICD), Unicorn Investment Bank, Al Safat Investment Company, Gargash Enterprises (LLC), Azam Essof Kolia, and Shaikh Abdullah Mohammad Al-Romaizan.

The bank had Mufti Muneeb-ur-Rehman as the head of the Shariah Department. In 2011, the bank was rebrand as Burj Bank and later merge into Al Baraka Bank in 2016.

The website www.burjbankltd.com is the official website of Burj Bank Limited, a banking institution base in Pakistan. 

16. Bank of Punjab Islamic Banking

The Bank of Punjab (BOP) is a prominent commercial bank in Pakistan with a vast network of over 800 branches across the country. It was founded on 30 October 1989 and is headquarter in Lahore, Punjab, Pakistan. The bank offers a wide range of financial services, including retail banking products like BOP Tijarat Account, BOP Life Current Account, BOP Salary Plus Account, and BOP Youth Education Account.

 Additionally, the Bank of Punjab provides services such as ATM facilities, telebanking, SWIFT, remote customer facilities, and cash management services to cater to the diverse needs of its customers.

As of 2022, The Bank of Punjab has approximately 13,047 employees.

For more information about The Bank of Punjab, you can visit their website at

www.bop.com.pk

17. Bank of China

The Bank of China, a Chinese majority state-owned commercial bank, has expanded its operations to Pakistan, with branches in Karachi and Islamabad. In 2017, the bank opened its first branch in Karachi, and in 2023, it inaugurated a branch in Islamabad to strengthen financial ties between Pakistan and China.

The opening ceremony of the Islamabad branch was attend by high-ranking officials from both countries, highlighting the importance of bilateral economic cooperation. The Bank of China offers a range of financial services including credit cards, consumer banking, corporate banking, investment banking, mortgage loans, and more.

For more information, you can visit their official website at www.bankofchina.com/pk

18. Citi Bank N.A

Citibank, N.A. has a significant presence in Pakistan, offering a range of financial services to corporate and individual clients. Since its establishment in 1961, Citibank has become one of the leading Corporate and Investment banks in the country, known for its product excellence and extensive local market knowledge.

The bank serves various client segments including commercial banks, investment banks, leasing and insurance companies, fund managers, and brokerage houses. Citibank aims to maintain a focused franchise recognized as a market leader in Fixed Income, Currency, and Commodities (FICC), payment solutions, Export Credit Agencies (ECA) / structured products, and Mergers and Acquisitions (M&A).

Additionally, Citibank provides Treasury and Trade Solutions tailored to meet customer needs, with a focus on trade finance services, efficient solutions, and innovative trade products. The bank’s global connectivity and technology-driven approach enable it to streamline export and import transactions, provide customized financing solutions, and offer competitive trade services.

For more information, you can visit their official website at Citibank Pakistan

19. Deutsche Bank A.G

Deutsche Bank A.G. has a notable presence in Pakistan, with branches in Karachi and Lahore. The bank employs close to 100 staff in these branches, offering a range of financial services to clients in Pakistan.

In Karachi, the Deutsche Bank AG branch is located at Sky Tower – West Wing, Floor 15, Dolmen City, Marine Drive, Clifton Block 4, Karachi – 75600, Pakistan. In Lahore, the branch is situated at Askari Corporate Tower, 8th Floor, Office No 3, 75-76, D-1 Main Boulevard Gulberg III.

Deutsche Bank AG provides a range of financial services in Pakistan and has been operating in the country for several years.

For more information, you can visit their official website at Deutsche Bank Pakistan

20. Dubai Islamic Bank Pakistan Limited

Dubai Islamic Bank Pakistan, established in 2006 as a fully owned subsidiary of Dubai Islamic Bank, is a significant player in the Pakistani banking sector.

The bank operates with a commitment to Sharia-compliant practices and offers a wide range of financial products and services to its customers. With a focus on Islamic banking principles, Dubai Islamic Bank Pakistan has made a mark in the industry by providing innovative and customer-centric solutions to meet the diverse needs of its clientele.

For more information, you can visit their official website at 

Dubai Islamic Bank Pakistan

21. EFU Life

The EFU Group, originally known as Eastern Federal Union Insurance Company Limited, holds a significant position in the insurance sector of Pakistan. Established in 1932, it has a rich history as the first insurance company in India founded by Muslims, later relocating to Pakistan post-partition. The EFU Group consists of three key entities: EFU General Insurance Limited, EFU Life Assurance Limited, and EFU Health Insurance Limited.

The EFU Group has been a pioneer in the insurance industry, known for its reliability, customer-centric approach, and adherence to ethical business practices. Over the years, the company has received numerous accolades and awards for its outstanding services, including the prestigious Consumer Choice Award for the “Best Health Insurance Provider” category. The EFU Group continues to play a vital role in safeguarding the interests and well-being of its clients, contributing to the growth and development of the insurance sector in Pakistan.

For more information and services, you can visit their official website at EFU Life and explore their mobile app “EFU LIFE PlanIT” available on Google Play Store.

22. First Microfinance Bank

The First MicroFinance Bank Ltd, Pakistan (FMFB-P), is a significant player in the microfinance sector, dedicated to combating poverty and contributing to social and economic well-being through targeted financial products and services. The State Bank of Pakistan licensed FMFB-P, which emerged from the credit and savings section of the Aga Khan Rural Support Programme (AKRSP), in 2002. It started as a nationwide microfinance bank and subsequently transformed into HBL Microfinance Bank (HBL MfB), formerly known as The First MicroFinanceBank Ltd, Pakistan (FMFB-P).

The bank operates in Pakistan and Afghanistan, with a strong emphasis on inclusive and innovative financial solutions. FMFB has a history rooted in the Aga Khan Rural Support Programme (AKRSP) and has been instrumental in pioneering microfinance in these regions.

For more information, you can visit their official websites at FMFB Pakistan and FMFB Afghanistan

23. Finca Microfinance Bank

Finca Microfinance Bank is a significant financial institution that focuses on providing savings and loans to small entrepreneurs, promoting financial inclusion. The bank operates in multiple countries, including Pakistan and Tanzania, offering tailored financial products to meet the needs of its customers. In Pakistan, Finca Microfinance Bank has a strong presence, providing responsible financial services such as small loans and savings accounts to over 1.8 million clients through a network of 125+ branches across 120+ cities.

The bank is part of the FINCA Impact Finance (FIF) international network, serving more than 2.8 million people globally. Finca Microfinance Bank in Pakistan has been actively involve in initiatives to enhance financial inclusion, empower women, and support economic development. Additionally, the bank has received recognition for its commitment to client protection principles, job creation, and sustaining the living standards of households across the country.

For more information about FINCA Microfinance Bank and its services, you can visit their official websites specific to each country such as FINCA Pakistan, FINCA Tanzania, and the main FINCA International website

24. Faysal Bank Limited

Faysal Bank Limited has been a prominent figure in Pakistan’s banking sector since its establishment in 1994. It has a reputation for offering a comprehensive range of financial products and services to meet its customers’ diverse needs. The bank, named after Mohammed bin Faisal Al Saud, is headquartered in Karachi, Pakistan. Faysal Bank has an extensive network of over 700+ branches spread across 270+ cities in Pakistan.

The bank’s offerings encompass various personal banking services, including deposit products, investment certificates, car finance, home finance, and specialized services tailored for women. Moreover, Faysal Bank extends its services to businesses by providing comprehensive banking solutions to facilitate their growth and development.

In addition to traditional banking services, Faysal Bank is actively engaged in wealth management. This includes offering Takaful and investment plans aimed at helping customers secure their financial future. As of 2022, Faysal Bank Limited has approximately 8,011 employees. It is owned by KSA Holdings.

For more information about Faysal Bank Limited, you can visit their website at Faysal Bank

25. First Women Bank Limited

First Women Bank Limited (FWBL) is a distinctive financial institution and public sector bank focused on women and their families. It was establish in Karachi, Pakistan, in December 1988, with a charter aimed at addressing the specific financial requirements of women.

The bank infrastructure was design by a senior banker Akram Khatoon, and approve by Prime Minister Benazir Bhutto. FWBL commenced operations on December 2, 1988, with a paid-up capital of PKR 100 million. The Government of Pakistan owns the majority shareholding in the bank, with the remaining shares held by major commercial banks in the country.

FWBL is on a mission to empower women by providing innovative financial products and services, including loans, credit cards, savings accounts, consumer banking, and bancassurance. The bank’s commitment to women’s entrepreneurship and economic growth is evident in its initiatives to bridge the gender lending gap and elevate the role of women in the economy.

For more information, individuals can visit FWBL’s official website at First Women Bank Limited

26. Habib Bank AG Zurich

Habib Bank AG Zurich is a Swiss multinational commercial bank and private bank based in Zürich, Switzerland. Established on August 25, 1967, by the Pakistani Habib family, it operates in various countries including Pakistan, Hong Kong, Kenya, South Africa, Canada, the United Arab Emirates, and the United Kingdom. Habib Bank AG Zurich is distinct from Habib Bank Limited, which was later nationalized.

Gefan Finanz AG fully owns the bank, and a trust structure controlled by members of the Mohamedali Habib branch of the Habib family owns Gefan Finanz AG. The bank’s reputation as a trusted financial institution in Pakistan stems from its commitment to excellence and its extensive international banking experience..

For more detailed information about Habib Bank AG Zurich in Pakistan and its services, individuals can visit the official website at www.habibbank.com or contact the bank directly at one of its branches in the country.

27. Habib Metropolitan Bank Limited

Habib Metropolitan Bank Limited, commonly referred to as HABIBMETRO, is a Pakistani subsidiary of Habib Bank AG Zurich. Established in October 1992, the bank offers a comprehensive range of financial services including loans, debit cards, credit cards, savings accounts, consumer banking, business banking, and Islamic banking. It has a significant presence in Pakistan, with its headquarters located in Karachi. The bank was found by Mohammed Ali Habib of the House of Habib during the privatization of Pakistan’s banking sector.

In 2006, Metropolitan Bank Limited merged with the operations of Habib Bank AG Zurich in Pakistan, subsequently renamed as Habib Metropolitan Bank Limited. The bank has earn notable recognition, winning the Asian Development Bank (ADB) award in 2015 and being awarded the Best Islamic Banking Brand at the GIFA in 2020. Habib Metropolitan Bank is part of the HBZ Group, which operates across various countries including Hong Kong, Singapore, UAE, Kenya, South Africa, UK, and Canada.

For more information about Habib Metropolitan Bank Limited and its services, individuals can visit their official website at www.habibmetro.com

28. Habib Bank Limited

Habib Bank Limited (HBL) is a Pakistani multinational bank based in Karachi, Pakistan. Established in 1941 by the Habib Family, Habib Bank Limited (HBL) holds the distinction of being the oldest, largest, and the first commercial bank in Pakistan.

The bank has a rich history, with its first international branch opening in Colombo, Sri Lanka in 1951. HBL’s headquarters moved to the iconic Habib Bank Plaza in 1972, which was the tallest building in South Asia at the time. After being nationalized in 1974 and privatized in 2004, the Aga Khan Fund for Economic Development acquired a controlling share and management control of HBL. The bank has a significant shareholding with the Aga Khan Fund for Economic Development (AKFED) based in Geneva, Switzerland.

It is the largest domestic multinational company in Pakistan in terms of assets and has consistently ranked as the top Pakistani company in the Forbes Global 2000. With over 1700 branches and more than 2000 ATMs,

HBL is Pakistan’s largest private sector bank, offering a wide range of financial services including loans, credit cards, savings accounts, consumer banking, business banking, Islamic banking, and more. It has a significant workforce with approximately 21,632 employees as of 2022.

For more information about Habib Bank Limited and its services, please visit their official website at www.hbl.com

29. House Building Finance Corporation

House Building Finance Company Limited (HBFCL) is a Pakistani housing finance company that aims to empower families by assisting them in purchasing and constructing their own homes. Established in 1952, HBFCL is a subsidiary of the State Bank of Pakistan. The company was corporatized in 2007 and is jointly owned by the State Bank of Pakistan and the Government of Pakistan.

HBFCL offers various schemes like Ghar Pakistan Scheme, Ghar Pakistan Plus Scheme, Ghar Sahulat Scheme, HBFC Khaas, Mera Pakistan Mera Ghar Scheme, and Ghar Ujala Scheme to facilitate housing financing for different income groups and special categories like widows, children of martyrs, and special persons.

The company’s vision is to be a socially responsible and commercially sustainable housing finance institution, while its mission is to excel in expanding mortgages, housing, and construction finance in Pakistan. HBFCL’s core values include integrity, customer focus, and commitment to excellence & innovation.

For more information, you can visit the House Building Finance Company’s website at hbfc.com.pk.

30. Invest Capital Investment Bank Ltd

Invest Capital Investment Bank Ltd (ICIBL) is a Pakistani investment bank that operates as a non-banking finance company. ICIBL is involved in leasing and investment finance activities, serving as a Non-Banking Finance Company (NBFC). The company is publicly listed and was incorporated in Pakistan under the repealed Companies Ordinance, 1984.

ICIBL’s key financial indicators include Total Income, Profit after Taxation, and Earnings Per Share (EPS) for various years.  ICIBL offers a comprehensive range of financial services such as Equity & Debt Broking, FX Trading, Corporate Advisory, and Portfolio Management. It is a Corporate Member of the Karachi Stock Exchange (Guarantee) Limited and National Commodity Exchange Limited. ICIBL has established itself as a prominent player in the financial sector with a focus on providing low rates on all loans, flexible repayment options, and a high success rate guarantee.

For more information about Invest Capital Investment Bank Ltd and its services, individuals can visit their official website at ICIBL

31. Industrial and Commercial Bank of China

The Industrial and Commercial Bank of China Limited (ICBC) has a significant presence in Pakistan, with branches in Karachi and Islamabad. ICBC is indeed the only Chinese-funded bank with a branch in Pakistan and has a robust global network. The bank collaborates with Habib Bank, the largest commercial bank in Pakistan, to support Chinese enterprises investing in Pakistan through financial advisory, investment, and financing products.

ICBC is a provider of personal and commercial banking, wealth management, and treasury services. The bank offers a wide range of financial products including deposits, loans, debit and credit cards, investment funds, settlement and cash management, trade finance, private banking, asset management, and financial market services. ICBC operates through a network of branches, self-service banking outlets, ATMs, and correspondent banks across Asia-Pacific, Europe, Africa, the Middle East, and the Americas.

ICBC and Habib Bank jointly initiated the “China-Pakistan industrial zone” project to assist Chinese enterprises in investing in Pakistan and promote industrial cooperation. ICBC’s Karachi branch was relocated to new premises in 2016 to enhance customer service.

For more information, you can visit ICBC’s official website.

32. Industrial Development Bank of Pakistan

The Industrial Development Bank of Pakistan (IDBP) is a significant development financing institution in Pakistan, wholly owned by the Pakistani government. It plays a crucial role in fostering the growth of Small and Medium Enterprises, particularly in rural and less developed regions. The bank provides medium and long-term finance in local and foreign currencies for fixed asset investments, offers technical, financial, and managerial advice to clients, and facilitates the transfer of technologies to industrial enterprises in Pakistan.

Additionally, IDBP operates as a full-fledged bank, providing various banking services such as advances, trade financing, lease financing, guarantees, and underwriting.

The official website of the Industrial Development Bank of Pakistan is www.idbl.com.pk

33. JS Bank Limited

JS Bank, officially known as Jahangir Siddiqui Bank Limited, is a public company listed on the Pakistan Stock Exchange under the trading symbol PSX: JSBL. It operates in the banking, finance, and investment banking industries, offering a wide range of financial services. The bank was founded in April 2007 by Jahangir Siddiqui and is headquartered in Karachi, Pakistan.

JS Bank provides various services to its customers, including consumer banking, corporate banking, investment banking, investment management, finance, digital financial services, branchless banking, business banking, loans, savings, and other financial products. With a workforce of around 4,306 employees as of 2022, JS Bank has a significant presence in the financial sector of Pakistan.

JS Bank is known for its commitment to customer service and innovative banking solutions. The bank also offers mobile banking services through the JS Mobile app, allowing customers to access their accounts, make payments, transfer funds, and locate branches and ATMs conveniently.

For more information about JS Bank and its services, you can visit their official website at www.jsbl.com.

34. Khushhali Microfinance Bank

Khushhali Microfinance Bank Limited is a prominent microfinance institution in Pakistan, established in 2000 as the first microfinance bank in Islamabad. This bank is partially owned by United Bank Limited (30%). It operates with a focus on providing financial services to underserved populations, particularly in rural areas, as part of the Government of Pakistan’s poverty reduction strategy. It offers a range of financial products and services, including loans, savings, insurance, and remittances, to support entrepreneurship and financial inclusion.

The bank actively participates in social initiatives, supporting community welfare and sustainability projects. An example of this is its repair work on the Wacha-Wana bridge in the Tirah valley, aimed at improving infrastructure in underdeveloped regions.

 Additionally, Khushhali Microfinance Bank is an active participant in the UN Global Compact, demonstrating its commitment to responsible business practices and sustainability.

For more information about Khushhali Bank, you can visit their website at www.khushhalibank.com.pk

35. MCB Islamic Bank Limited

MCB Islamic Bank is a Pakistani Islamic bank that operates as a subsidiary of MCB Bank. Established on September 14, 2015, MCB Islamic Bank focuses on providing Shariah-compliant financial services to its customers. The bank offers a range of services through its digital platforms, including mobile banking apps that allow users to manage their banking needs conveniently. Customers can access features such as finding Qibla directions, secure biometric login, fund transfers within MCB Islamic and to other banks, utility bill payments, account statements, and more through the MCB Islamic Mobile App.

Additionally, MCB Islamic Bank provides various financing solutions like MICAR for vehicle purchases and Murabaha Microfinance for business owners. The bank also offers housing finance solutions like “Rihayesh Finance” to help individuals achieve their dream of owning a home.

For more information, you can explore their official website MCB Islamic Bank Official Website for details on their services, products, and digital banking offerings.

36. MCB Bank Limited

MCB Bank Limited, one of the largest banks in Pakistan, offers a wide range of financial services to its customers. Established in 1947, MCB Bank has a total customer base exceeding 7 million and provides products and services tailored to meet various financial needs. The bank operates with a focus on retail banking, remittances, and digital banking through platforms like MCB Live, offering services such as bank accounts, Roshan Digital Account, and more.

MCB Bank is known for its commitment to customer well-being and convenience, providing user-friendly interfaces and robust security measures for a seamless banking experience. As of 2022, the bank has a workforce of 14,341 employees. MCB Bank operates under the ownership of two major parent companies:

• Nishat Group (30% ownership)
• Maybank (18.78% ownership)

Additionally, MCB Bank has a significant presence in the business sectors of banking, textile, cement, and insurance, with a network of 1600 branches and over 1450 ATMs in Pakistan.

For more information about MCB Bank and its services, you can visit their official website at www.mcb.com.pk.

37. Meezan Bank Limited

Meezan Bank is Pakistan’s first Islamic bank, commencing operations in 2002 after receiving the inaugural Islamic commercial banking license from the State Bank of Pakistan. It is headquartered in Karachi, Pakistan, at Meezan House, and has an extensive network of over 1000 branches.

Meezan Bank offers a wide range of Islamic banking products and services, including loans, debit cards, savings accounts, consumer banking, and business banking. As of 2022, the bank has reported significant revenue and total assets, reflecting its strong presence and performance in the banking sector. Meezan Bank is known for its commitment to Islamic banking principles and has grown to become a key player in the Islamic finance industry in Pakistan.

The shareholding structure includes Noor Financial Investment Company (35.25 percent), Pak Kuwait Investment Company (30.00 percent), and Islamic Development Bank (9.32 percent).

For more information about Meezan Bank, you can visit their website at www.meezanbank.com

38. Mobilink Microfinance Bank

Mobilink Microfinance Bank Limited, also known as MMBL, is a significant player in the digital banking sector in Pakistan. Established in 2012, MMBL operates as a digital bank offering various financial services, including gold loans, home loans, commercial vehicle loans, life insurance, and more. 

The bank focuses on financial inclusion and operates with a hybrid model that combines traditional microfinance with mobile and digital banking technologies. MMBL has achieved notable success, with over 18 million registered and 6.5 million active digital wallets, showcasing its impact and reach in the country. 

Additionally, MMBL has played a crucial role in promoting financial inclusion by offering services like savings, micro-enterprise loans, small housing loans, remittances, and mobile wallets through its extensive network of branches and branchless banking agents.

The official website of Mobilink Microfinance Bank Limited is www.mobilinkbank.com

39. NRSP Microfinance Bank

NRSP Microfinance Bank Ltd. is a leading microfinance bank in Pakistan, established in March 2011 with a strong social mission to provide financial services to underserved populations. It operates with a focus on Islamic microfinance and offers a range of products and services tailored to meet the financial needs of its customers.

The bank offers microfinance products and services such as microloans, savings accounts, micro-insurance, and other financial solutions tailored to the needs of rural and low-income communities.

NRSP Microfinance Bank is a subsidiary of the National Rural Support Programme (NRSP), an integrated rural development organization registered under the company’s ordinance 1984 with corporate law authority in Islamabad. The bank has made significant strides in promoting financial inclusion and empowering communities through its innovative banking solutions and social initiatives.

For more information about NRSP Microfinance Bank, you can visit their official website NRSP Microfinance Bank Official Website 

40. NIB Bank Limited

NIB Bank Limited, formerly known as NDLC-IFIC Bank, was a Pakistani bank based in Karachi, Pakistan. Established in 2003 through the merger of IFIC Bank and the National Development Leasing Corporation (NDLC), NIB Bank played a significant role in the banking sector in Pakistan. The bank was found by Khuwaja Iqbal Hassan and Sultan Ali Allana, with Fullerton Financial Holdings acquiring a majority stake in 2004, marking a substantial foreign investment in Pakistan’s banking industry.

NIB Bank offered a range of services including retail banking, commercial banking, and corporate and investment banking. In 2017, NIB Bank merged with MCB Bank, a prominent bank in Pakistan, leading to the amalgamation of assets, liabilities, and operations under MCB Bank.

For more information about NIB Bank Limited, you can visit the www.nibpk.com

41. National Bank of Pakistan

The National Bank of Pakistan (NBP) is a government-owned multinational commercial bank and a subsidiary of the State Bank of Pakistan. Established in 1949, NBP has a rich history of acquisitions, mergers, and expansions.

Over the years, NBP has made significant strides in its operations, including the acquisition of Bank of China’s branches, mergers with other banks, and the establishment of offshore branches in various countries like Egypt, Turkmenistan, and Afghanistan. NBP has also focused on international expansion, with representative offices in Beijing, Tashkent, Chicago, and Toronto.

The bank has a strong presence in Pakistan with an extensive branch network of 1450 branches and 1350 ATMs, offering a wide range of financial services to its customers. In terms of financial performance, NBP has shown growth, with total assets estimated at PKR 1,799 billion in 2016, total deposits of PKR 1,657 billion, and a pre-tax profit of PKR 37.14 billion.

NBP’s commitment to corporate governance, technology upgrades, and human resource development has contributed to its success and growth in the banking sector.

For more information about the National Bank of Pakistan, you can visit their official website NBP Official Website 

42. PICIC Commercial Bank

PICIC Commercial Bank Limited, formerly known as Schön Bank Limited and Gulf Commercial Bank Limited, was a Pakistani bank based in Karachi, Pakistan. Established in 1993, it commenced operations in April 1994 with a paid-up capital of PKR 500 million. The bank underwent several changes in ownership and management, with Pakistan Industrial Credit and Investment Corporation (PICIC) acquiring a controlling stake in early 2001 and renaming it PICIC Commercial Bank Limited. In 2007, the bank merged its operations with NIB Bank, which later merged with MCB Bank.

PICIC Commercial Bank offered a range of services including commercial financing, home financing, car financing, industrial financing, telebanking, mobile banking, motorcycle financing, Islamic banking, deposit and saving products, and internet banking.

The bank had a significant branch network across Pakistan, with over 120 branches in more than 44 cities, providing a wide range of financial services to its customers.

The official website of PICIC Commercial Bank is www.picicbank.com.pk

43. Pak-Oman Microfinance Bank

Pak Oman Microfinance Bank, now known as LOLC Microfinance Bank Limited, was established on March 9, 2006, as a public limited company. The bank received the certificate of commencement of business on May 6, 2006, with operations starting on May 8, 2006. LOLC Microfinance Bank focuses on providing microfinance services to the poor and underserved segments of society in line with the Microfinance Institutions Ordinance, 2001.

As of January 2023, the bank operates 84 branches and service centers across all provinces of Pakistan, including Azad Jammu & Kashmir, Gilgit Baltistan, and the Federal Capital Islamabad. LOLC Microfinance Bank aims to be a leading microfinance bank in Pakistan, offering financial solutions to alleviate poverty and create sustainable income-generating opportunities, especially for women, to bring about positive changes in their lives through innovative microfinance services.

The bank has received recognition for its efforts in fostering investment between Oman and Pakistan. Particularly, HE Yahya Bin Said, the Chairman of Pak-Oman Investment Company, was honored with the Sitara-e-Quaid-e-Azam award by the Government of Pakistan for his contributions in promoting investment from Oman to Pakistan and strengthening ties between the two nations. Furthermore, Pak-Oman Investment Company Limited has received the Excellence Award for its outstanding performance.

For more detailed information and updates, you can visit the official website Pak-Oman Microfinance Bank and LOLC Microfinance Bank

44. Pak Brunei investment Company Limited

The Government of Pakistan and the Brunei Investment Agency jointly established Pak Brunei Investment Company Limited as an investment finance company. Founded in 2006, this company is located in Karachi, Pakistan, and plays a significant role in economic development. Pak Brunei Investment Company’s executive team manages its assets, and the company serves as a platform for investment opportunities between Pakistan and Brunei Darussalam.

Pak Brunei Investment Company Limited offers a range of financial products and services, including investment advisory, asset management, capital market services, and corporate finance solutions. It caters to a diverse client base, including individuals, businesses, and institutional investors.

For more detailed information, you can visit their official website at Pak Brunei Investment Company Limited.

45. Pak-China Investment Company Limited

Pak-China Investment Company Limited (PCICL) is a Development Financial Institution (DFI) established as a joint venture between the Government of Pakistan and the People’s Republic of China. Founded in 2007, PCICL plays a crucial role in promoting bilateral trade and investment between the two countries.

Regulated by the State Bank of Pakistan, PCICL focuses on economic development by advising and attracting investments in various sectors like industrial, agriculture, services, information technology, manufacturing, and real estate. The company offers investment opportunities with competitive rates for different durations, such as 1 month, 3 months, 6 months, and 12 months.

The company offers a range of financial products and services, including investment advisory, asset management, capital market services, and corporate finance solutions. It serves a diverse client base, including individuals, businesses, and institutional investors, and plays a role in promoting economic cooperation and investment between Pakistan and China.

For more information, you can visit their official website at Pak China Investment Company Limited.

46. PAIR Investment Company Limited

PAIR Investment Company Limited (PICL) is an Investment Company established through a joint venture between the Governments of Pakistan and Iran in 2007. The Company is registered under the Companies Ordinance, 1984, and is classified as a “Development Finance Institution” (DFI) under the regulatory control of the State Bank of Pakistan.

With an authorized capital of Rs. 10 billion and a paid-up capital of Rs. 6 billion, PICL aims to strengthen its team of professionals and establish itself as a sustainable financial institution in Pakistan offering various financial services and products. The company operates in three main lines of business: Treasury and Investments, Credit and Trade Finance, and Marketing Investment Banking.
PICL positions itself as an intermediary to facilitate investment flows from Iran into Pakistan, focusing on Project Finance and infrastructure projects that enhance the Pakistan-Iran relationship. The company’s mission is to develop the economic relationship between Pakistan and Iran by investing in projects in Pakistan and enhancing bilateral trade through professional and innovative services.

For more information, you can visit the company’s website at PAIR Investment Company Limited.

47. Pakistan Kuwait Investment Company Limited

Pakistan Kuwait Investment Company Limited (PKIC) was established as a joint venture between the Governments of Pakistan and Kuwait in 1979. The company operates as a Development Financial Institution (DFI) engaged in investment and development banking activities in Pakistan.

PKIC focuses on wealth creation and offers various investment certificates with competitive rates.

PKIC provides a range of financial services, including project financing, investment banking, advisory services, and capital market solutions. It supports sectors such as infrastructure, energy, agriculture, manufacturing, and services.

For more information, you can visit their website at Pakistan Kuwait Investment Company.

48. Pak Libya Holding Company Limited

Pak Libya Holding Company Limited is a financial institution established in 1981 as a joint venture between the Governments of Pakistan and Libya. The Company head office is situated Karachi, Pakistan. Operating as a non-banking financial institution in Pakistan, Pak Libya Holding Company offers investment banking services. The company has a positive outlook and provides various financial reports, including quarterly and annual reports.

Additionally, they provide rates for different deposit durations, catering to both large sums and general public/individual deposits. The company’s commitment to teamwork and financial transparency is evident through their detailed reports and investment offerings.

For more information and updates, you can visit their official website at Pak Libya Holding Company.

49. Pak Oman Investment Company Limited

Pak Oman Investment Company Limited is a specialize financial institution establish as a joint venture between the governments of Pakistan and the Sultanate of Oman. The head office of Pak Oman company is situate at First Floor, Tower A, Finance & Trade Center, Shahra-e-Faisal, Karachi. The company has equal equity participation from both sovereign sponsors, totaling Rs. 6.15 billion.

Pak Oman Investment Company Limited plays a crucial role in facilitating investments to promote various sectors and acts as a financial bridge between Oman and Pakistan. They are committed to fostering businesses and supporting institutions in achieving their financial goals.

The company offers a range of financial services, including project financing, investment advisory, capital market services, corporate finance solutions, and Islamic finance products.

Website: Pak Oman Investment Company Limited

50. Saudi Pak Indutrl & Agrcul Investment Company Limited

Saudi Pak Industrial & Agricultural Investment Company Limited is a joint venture between the governments of the Kingdom of Saudi Arabia and the Islamic Republic of Pakistan. The head office of SPIA Investment Company Limited is situated at Saudi Pak Tower, 61 A- Jinnah Avenue, Islamabad, Pakistan. Established in 1981, the company operates as a Development Financial Institution (DFI) with a focus on financial services. They have a professional and independent Board primarily formed from the private sector. Saudi Pak aims to strengthen economic cooperation between the two countries and offers various financial services.

SPIA offers a range of financial services, including project financing, investment advisory, capital market services, corporate finance solutions, and Islamic finance products.

The company focuses on supporting industrial, agricultural, and infrastructure development projects in Pakistan, as well as investments in various sectors such as energy, telecommunications, manufacturing, and services.

For more information, you can visit their website at Saudi Pak Industrial & Agricultural Investment Co. Ltd.

51. Standard Chartered Bank (Pakistan) Limited

Standard Chartered Pakistan is a financial institution in Pakistan that provides banking and financial services. It operates as a fully-owned subsidiary of the British multinational bank Standard Chartered. It is the country’s oldest and largest foreign commercial bank, employing over 2,000 staff and operating 40 branches across 10 cities.

The history of Standard Chartered in Pakistan traces back to 1863 when the Chartered Bank of India, Australia, and China first established its operations in Karachi. In 2006, Standard Chartered Bank acquired Pakistan’s Union Bank and subsequently merged it with its own subsidiary, Standard Chartered Bank (Pakistan), creating the country’s sixth-largest bank.

Regarding recent developments, Standard Chartered was mentioned in the FinCEN leak published by Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ), with four suspicious transactions flagged.

For more information, you can visit their website at Standard Chartered Pakistan

52. Samba Bank Limited

Samba Bank Limited is a financial institution that operates as a majority-owned subsidiary of the Samba Financial Group of Saudi Arabia. The bank focuses on providing a range of consumer and corporate banking services.

Samba Bank offers various financial products, including current accounts for efficient financial management, deposit facilities in multiple currencies, insurance plans, personal loans, and debit cards with associated benefits and discounts. Additionally, the bank provides digital account opening services for Non-Resident Pakistanis (NRPs), allowing them to open accounts from anywhere in the world.

For more information on their services and offerings, you can visit their official website at Samba Bank.

53. Sindh Microfinance Bank (SMFB)

Sindh Microfinance Bank (SMFB) is a financial institution establish in May 2016 as a provincial-level microfinance bank in Pakistan. It aims to improve access to finance at the grassroots level, particularly focusing on empowering women and supporting small entrepreneurs.

SMFB has shown sustainable growth and profitability since its inception, disbursing over 100,000 loans exceeding Rs. 2.5 billion to women entrepreneurs through its 75 locations across Sindh Province. The bank has received positive entity ratings from the Pakistan Credit Rating Agency (PACRA) due to its strong performance indicators and low default ratios.

SMFB’s key achievements include being profitable from its first year of operations, having a 100% women loan clientele, focusing on rural financing, and maintaining the lowest per borrower cost in the industry.

For more information, you can visit their official website at Sindh Microfinance Bank.

54. S.M.E. Bank Limited

SME Bank Limited, also known as Small and Medium Enterprises Bank Limited, is a financial institution that focuses on providing financial services to small and medium-sized enterprises (SMEs). The bank plays a crucial role in supporting the growth and development of SMEs in Pakistan.

Unfortunately, recent news indicates that SME Bank is in the process of winding down, leading to concerns and disappointment within the SME sector. The decision to close the bank instead of privatizing or merging it has left many disheartened. Despite the potential of the SME sector in Pakistan, challenges such as lack of serious attention to micro to medium-sized entrepreneurs have been highlighted.

The closure of SME Bank underscores the need for a more focused approach towards SME promotion and development to avoid negative economic impacts.

For more information, you can visit their website at SME Bank

55. Silk Bank Limited

Silkbank Limited, previously known as Saudi-Pak Commercial Bank, is a Pakistani commercial bank headquarter in Karachi, Pakistan. It was found in 1994. Silkbank has a branch network of 111 branches spread across 29 cities in Pakistan, including Karachi, Lahore, Islamabad/Rawalpindi, Peshawar, Quetta, Multan, Faisalabad, Sialkot, Hyderabad, Sukkur, Gwadar, Muzaffarabad AJK, and Gilgit. In terms of major shareholding, in 2015, the Arif Habib Group acquired a 28.23 percent stake in the bank.

The bank offers a range of banking services, including digital banking through the SilkMobile app, which provides information on products and services, discounts on Silkbank cards, balance inquiries, fund transfers, bill payments, mobile top-ups, and more.

In recognition of its achievements, Silkbank was awarded the Best Innovation in ‘Retail Banking Pakistan 2020’ at the International Bankers Awards.

For more information, you can visit their website at Silk Bank

56. Sindh Bank Limited

Sindh Bank Limited is a financial institution establish on October 29, 2010, with seed capital of Rs. 10 billion, wholly subscribed by the Government of Sindh. The bank operates with a vision to be a leading bank that empowers people by meeting their financial needs for running successful businesses and creating employment opportunities. Sindh Bank offers a range of financial services, including current and savings accounts, home remittance services, lockers, Islamic banking, SME financing, agricultural loans, ATM/debit cards, and auto finance for car financing and light commercial vehicles.

One of the notable products offered by Sindh Bank is the Sa’adat Mohtarma Account, designed to give women control over their finances, as highlighted on their LinkedIn page. The bank emphasizes secure transactions, a wide network of over 300 ATMs, online branches, and a 24/7 call center to provide convenient banking services to its customers.

For more information about Sindh Bank Limited and its services, you can visit their official website at Sindh Bank.

57. Soneri Bank Limited

Soneri Bank Limited is a public limited company in Pakistan, with its shares listed on the Stock Exchanges of Pakistan. The bank is known for providing a convenient and hassle-free banking experience, with a focus on meeting the banking needs of small and medium-sized entrepreneurs. Soneri Bank Limited has a strong emphasis on encouraging exports, with nearly forty percent of its credit portfolio related to export financing. The bank’s credit decisions are promptly made within 48 hours, showcasing its dedication to efficient service delivery.

Established in 1991, Soneri Bank Limited has expanded its branch network to over 350 branches across Pakistan, including remote areas, to ensure accessibility to banking services. The bank’s services cover a wide range of financial products, including consumer loans, trade finance, and Islamic banking solutions. Soneri Bank Limited is part of the Rupali Group, known for its excellent reputation in the country.

For more information, you can visit their website at Soneri Bank Limited.

58. Summit Bank Limited

Summit Bank Limited, now known as Bank Makramah Limited (BML), is a financial institution in Pakistan that has undergone a name change to embrace Islamic finance principles. The bank, a subsidiary of Suroor Investment, operates as an Islamic bank with a network of 193 branches across the country. The transition from Summit Bank Limited to Bank Makramah Limited signifies the institution’s commitment to delivering innovative financial solutions while adhering to Islamic finance principles.

Bank Makramah Limited offers various financial products and services, including the Classic Current Account with health insurance and hospitalization coverage, term deposit products with attractive returns, the Hamara Family Savings Account, and the Young Bee Account tailored for young savers. The bank assures customers that the transition will not affect their services or relationships with the bank, and all account information will be automatically updated without the need for customers to take any action.

For more information, you can visit their website at Summit Bank Limited.

59. The Hongkong and Shanghai Banking Corporation Limited

The Hongkong and Shanghai Banking Corporation Limited has a presence in Pakistan, offering a range of domestic and international banking services. The bank is renowned for offering an extensive array of financial products and services. These include savings and current accounts, mortgages, debit and credit cards, various types of loans, bonds, certificates of deposit, unit trusts, broking, securities, structured products, treasury services, global asset management, insurance products, money markets, capital markets, wealth management, IPOs, investment management, global banking, and private banking solutions.

HSBC has a significant presence in Asia-Pacific, including countries like Hong Kong, China, India, Singapore, Australia, Indonesia, Malaysia, and Taiwan.

For more information, you can visit their liaison office in Karachi at Shaheen Commercial Complex, M.R. Kayani Road, Karachi, Sindh, Pakistan or refer to their website at HSBC Pakistan.

60. The Bank of Tokyo-Mitsubishi UFJ

MUFG Bank, Ltd., previously known as The Bank of Tokyo-Mitsubishi UFJ, is a Japanese bank headquartered in Marunouchi, Chiyoda, Tokyo. It was established on January 1, 2006, through the merger of The Bank of Tokyo-Mitsubishi, Ltd., and UFJ Bank Limited. MUFG Bank is one of the three major megabanks in Japan, alongside Sumitomo Mitsui Banking Corporation and Mizuho Bank. The bank serves as the core retail, corporate, and investment banking arm of the Mitsubishi UFJ Financial Group, one of the largest banking institutions in Japan.

MUFG Bank has a significant global presence with 772 domestic branches and 76 overseas branches. The bank offers a wide range of financial services, including retail banking, commercial banking, and investment banking. It has a strong traditional client base of Japanese corporates but has also expanded its overseas corporate lending. MUFG Bank is known for its financial strength, with substantial revenue, assets under management, and a large number of employees.

The Bank of Tokyo-Mitsubishi UFJ has a presence in Pakistan, specifically in Karachi. The bank has maintained full commercial banking operations in Pakistan since opening an offshore branch in Karachi. The Bank of Tokyo-Mitsubishi UFJ, now known as MUFG Bank, Ltd., is a significant global financial institution and one of the largest banking institutions in Japan.

For more information, you can visit their liaison office in Karachi at Mezzanine Floor, Tower-B Technology Park ST-08, Shahrah-e-Faisal Road, Karachi, Islamic Republic of Pakistan or refer to their website at MUFG Bank.

61. The Punjab Provincial Cooperative Bank Limited

The Punjab Provincial Cooperative Bank Limited (PPCBL) is one of the oldest banks in Pakistan, established in 1924. It has a rich history of serving as a specialized bank catering to the needs of housing and agricultural cooperatives. Over the years, PPCBL has played a significant role in providing agricultural credit, especially after partition. However, the bank has faced financial challenges and bureaucratic issues.

Notably, in May 2018, a scandal involving misappropriation of funds led to legal action against the bank. PPCBL also has a cricket team, as evidenced by their victory over Lahore Gymkhana in a friendly match in May 2023. Tahir Yaqoob Bhatti served as the CEO from December 2021 to August 2023.

PPCBL is committed to the development of the agriculture sector in Punjab, Pakistan. It offers various financial services, including agricultural loans, housing loans, and banking services. The bank’s mission reflects its dedication to being a farmer-friendly institution committed to the growth of agriculture in the region.

For more information, you can visit their website at The Punjab Provincial Cooperative Bank Limited.

62. Telenor Microfinance Bank

Telenor Microfinance Bank, formerly known as Tameer Microfinance Bank, is a prominent microfinance institution in Pakistan. Established in 2006 by Nadeem Hussain, it was later acquired by Telenor Pakistan. The bank, jointly owned by Telenor Group and Ant Group, boasts a substantial distribution network of over 150 thousand agents and touchpoints nationwide, establishing itself as one of the largest microfinance banks in Pakistan.

Telenor Microfinance Bank is renowned for its flagship product, Easypaisa, which was launched in 2009 as Pakistan’s first mobile banking platform. Easypaisa, a branchless banking service, has played a pivotal role in promoting financial inclusion and revolutionizing the fintech landscape in Pakistan. The bank has been actively collaborating with Ericsson to enhance its digital banking services and accelerate financial inclusion efforts in the country.

For more information, you can visit the following sources:

1. Telenor Microfinance Bank – Wikipedia
2. Telenor Financial Services
3. Tameer Micro Finance Bank and Telenor Pakistan announced the launched of Easypaisa khushaal
4. Ericsson and Telenor Microfinance Bank strengthen partnership to propel easypaisa financial services

63. U Microfinance Bank

U Microfinance Bank is a financial institution in Pakistan that focuses on microfinance services. This entity was established in 2006 and holds a license from the State Bank of Pakistan (SBP) to operate as a microfinance bank. It has actively engaged in investments, including placing funds in various financial instruments such as the JS Microfinance Sector Fund and JS Islamic Income Fund. The bank has been expanding its services by establishing new branches in urban cities like Karachi, Lahore, and Islamabad to attract low-cost deposits.

U Microfinance Bank has a network of 375 branches and aims to promote financial inclusion by serving the under-served population. The bank’s strategy differs from telecom-based microfinance banks, as it emphasizes a more traditional brick-and-mortar approach rather than branchless banking.

U Microfinance Bank aims to provide a comprehensive range of financial services, including Islamic banking, digital banking, and conventional microfinance, to ensure long-term sustainability and growth. Despite facing challenges related to deposit fluctuations and financial maneuvering, the bank remains committed to its mission of promoting microfinance and financial inclusion in Pakistan.

For more information about U Microfinance Bank, you can visit their official website at U Microfinance Bank.

64. United Bank Limited.(UBL)

United Bank Limited (UBL) is a prominent Pakistani multinational commercial bank with its headquarters in Karachi, Pakistan. The bank established in 1958 by Agha Hasan Abedi, UBL is the largest private sector bank in Pakistan with a significant presence both nationally and internationally.

UBL provides a comprehensive range of banking products and services, including retail banking, corporate banking, investment banking, treasury services, and Islamic banking solutions through its subsidiary, UBL Islamic.

UBL has over 1,390 branches across Pakistan, 18 overseas branches, and representative offices in Beijing and Kazakhstan. It is listed on the Pakistan Stock Exchange and was designated as a domestic systemically important bank (D-SIB) by the State Bank of Pakistan. The largest shareholder of the bank is the British investment company Bestway Group.

For more information, you can visit their website at United Bank Limited.

65. Zarai Taraqiati Bank Limited

Zarai Taraqiati Bank Limited (ZTBL), formerly known as the Agricultural Development Bank of Pakistan (ADBP), is a government-owned agricultural development bank based in Islamabad, Pakistan. Established in 1961, the bank was rebranded as ZTBL in 2002 and incorporated as a public limited company under the Companies Ordinance 1984.

ZTBL is the largest public sector agriculture development financial institution in Pakistan, providing agricultural credit and banking services to farmers nationwide.

The bank offers various products and services such as agricultural loans, agri-financing, insurance products, and banking services. ZTBL plays a crucial role in supporting the farming community by delivering financial products and technical services in a sustainable manner.

For more information, you can visit their website at Zarai Taraqiati Bank Limited.

Frequently Asked Questions

How many banks are there in Pakistan?

There are total 65 banks operating in Pakistan. These banks consist on foreign banks, Public sector banks, specialized banks, and Domestic private banks. These also includes on commercial banks, Islamic banks, development finance institutions, and microfinance banks.

Top 5 banks in Pakistan?

• Habib Bank Limited (HBL)
• National Bank of Pakistan
• Meezan Bank
• United Bank Limited
• MCB Bank

Which is Pakistan biggest bank?

The largest bank in Pakistan is Habib Bank Limited (HBL), base in Karachi. It is describe as Pakistan’s largest multinational bank, with a presence in 25 countries.

Which is Pakistan smallest bank?

Silkbank Limited, formerly known as Saudi-Pak Commercial Bank, is indeed a Pakistani commercial bank headquarter in Karachi, Pakistan. It is consider one of the smaller banks in Pakistan in terms of size and scale of operations.

Which is the oldest bank in Pakistan?

The oldest bank in Pakistan is Habib Bank Limited (HBL), which was establish in 1941 and is the largest bank by assets in the country.

Which bank is Islamic in Pakistan?

Meezan Bank is the largest Islamic bank in Pakistan and offers a wide range of Shariah-compliant products and services.

Which Pakistani bank is international?

Standard Chartered Bank (Pakistan) Ltd. holds the distinction of being the oldest and largest international bank in Pakistan.

Which is the first female bank in Pakistan?

The First Women Bank Limited (FWBL) is the first female bank in Pakistan. It was establish in Karachi on December 2, 1988, with a charter to meet the special financial needs of women in the country.

Which bank gives halal profit?

The Pakistani bank that provides halal profit is BankIslami Pakistan Limited. This bank is known for offering Shariah-compliant financial products and services.

Which bank is the Government bank in Pakistan?

The government bank in Pakistan is the National Bank of Pakistan (NBP). It is a public sector bank and one of the largest in the country.