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List Of Banks In Pakistan
The following list contains all the notable banks in Pakistan. State Bank of Pakistan is the Central Bank of Pakistan. Systemically Important Banks Domestically Systemically Important Banks Source: * * Scheduled Banks Public Sector Banks Private Banks Public Sector Non-Schedule Banks # Bank of Azad Jammu and Kashmir Private Banks # Habib Bank AG Zurich (Parent of HabibMetro) # Silkbank (Subsidiary of United Bank Limited) Islamic banks Many Islamic Banks are working in Pakistan. The list of banks is given below: # Meezan Bank Limited # Soneri Mustaqeem Islamic Bank # Dubai Islamic Bank # Al Baraka Bank (Pakistan) Limited - Al Baraka Bank # Bank Alfalah Islamic # Bank Makramah Limited (BML) # BankIslami Pakistan Limited # Askari Bank Limited # MCB Islamic Banking # UBL Islamic Banking # HBL Islamic Banking # NBP Islamic Banking # Bank Al Habib Islamic Banking # Bank of Punjab Islamic Banking # Faysal Bank (Islamic) # HabibMetro (Sirat Islam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Bank Of Pakistan
The State Bank of Pakistan (SBP) is the central bank of Pakistan. Its Constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1 January 1974, when the bank was nationalised and the scope of its functions was considerably enlarged. The State Bank of Pakistan Act 1956, with subsequent amendments, forms the basis of its operations today. The headquarters are located in the financial capital of the country in Karachi. The bank has a fully owned subsidiary with the name SBP Banking Services Corporation (SBP-BSC), the operational arm of the Central Bank with Branch Office in 16 cities across Pakistan, including the capital Islamabad and the four provincial capitals Lahore, Karachi, Peshawar, Quetta. The State Bank of Pakistan has other fully owned subsidiaries as well: National Institute of Banking and Finance, the training arm of the bank providing training to Commercial Banks, the Deposit Protection Corporation, and ownershi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Askari Bank
Askari Bank Limited ( ) is a Pakistani commercial and retail bank headquartered in Islamabad. It is a subsidiary of Fauji Fertilizer Company, which is part of Fauji Foundation. History Askari Bank was founded in October 1991 as Askari Commercial Bank and a year later it was listed on the Karachi Stock Exchange. In November 2006, Askari Bank established a wholly-owned asset management firm named Askari Investment Management Limited. In June 2013, Askari Bank was acquired by Fauji Foundation from Army Welfare Trust. In January 2017, Askari Bank sold its subsidiary Askari Investment Management to Pak Oman Asset Management for . In September 2020, Askari Bank acquired Askari Securities which is now a wholly-owned subsidiary. Branches Askari Bank has 600 branches and more than 500 ATMs across Pakistan and a wholesale bank branch in Bahrain. See also *List of banks in Pakistan The following list contains all the notable banks in Pakistan. State Bank of Pakistan is the Centr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Meezan Bank Limited
Meezan Bank Limited ( ) is a Pakistani Islamic bank headquartered in Karachi. It is the largest Islamic bank and the largest bank based on market capitalization in Pakistan. History Meezan Bank was founded as an Islamic investment bank in 1997 by Noor Financial, Pak Kuwait Investment Company, and Islamic Development Bank. It was then known as Al-Meezan Investment Bank. In 2000, Meezan Bank was listed on the Karachi Stock Exchange. In 2002, Meezan Bank acquired Pakistan operations of Société Générale. In its early years from 2002, Meezan Bank faced challenges gaining acceptance in Pakistan due to the unfamiliarity with Islamic banking and its stricter loan scrutiny. To overcome this, Meezan attracted deposits from religious Muslims and shifted focus to provide loans to SMEs, including those that previously avoided traditional banking for religious reasons, allowing it to serve an underserved segment. In 2013, Noor Financial tried to sell its entire stake of 49.1 percent, valu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Banking
Islamic banking, Islamic finance ( ''masrifiyya 'islamia''), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic finance include '' mudarabah'' (profit-sharing and loss-bearing), '' wadiah'' (safekeeping), '' musharaka'' (joint venture), '' murabahah'' (cost-plus), and '' ijarah'' (leasing). Sharia prohibits ''riba'', or usury, generally defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to ''riba''). Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also ''haram'' ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of the revi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Silkbank
Silkbank Limited was a Pakistani commercial bank headquartered in Karachi. Founded in 1994 as Prudential Commercial Bank, it was renamed as Saudi Pak Commercial Bank in 2001 and as Silkbank in 2008. It was the smallest bank in Pakistan. In 2024, the State Bank of Pakistan approved Silkbank’s merger with United Bank Limited (UBL). The process was finalized in March 2025, with Silkbank officially integrating into the UBL through a share-swap agreement. History Silkbank was founded in 1994 as Prudential Commercial Bank. It began commercial operations on May 7, 1995. It was subsequently listed on the Karachi Stock Exchange. In September 2001, Saudi Pak Industrial and Agricultural Investment Company acquired Prudential Commercial Bank and renamed it as Saudi Pak Commercial Bank. In March 2008, a consortium comprising International Finance Corporation, Bank of Muscat, Nomura, and Sinthos Capital, led by Pakistani banker Shaukat Tarin, acquired a majority stake in Saudi Pak Bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Habib Bank AG Zurich
Habib Bank AG Zurich is a privately owned bank founded in 1967 in Zurich, Switzerland, by Hyder Mohamedali Habib, son of the Bank’s patriarch, Mahomedali Habib. The Bank’s origins go back to 1941 when Mahomedali Habib established the first Habib family bank, which laid the foundation for Habib Bank AG Zurich. The Bank remains to this day in the hands and under the leadership of Mahomedali's descendants. Muhammad H. Habib serves as the President, while Mohamedali R. Habib is the Group CEO. Andreas Länzlinger was elected to the Bank’s Board of Directors in 2008 and has been Chairman of the Board since 2013. Habib Bank AG Zurich’s head office is located in Zurich, with branch operations in Kenya and the United Arab Emirates (UAE), and subsidiaries in Canada, Hong Kong SAR, Pakistan, South Africa, and the United Kingdom (UK). The Bank also has representative offices in Bangladesh, China, Hong Kong, Pakistan, and Türkiye. As of 31 December 2024, the Bank employed a total ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Azad Jammu And Kashmir
Bank of Azad Jammu & Kashmir is the state-owned bank of Government of Azad Kashmir which is based in Muzaffarabad, Azad Kashmir Azad Jammu and Kashmir (), abbreviated as AJK and colloquially referred to as simply Azad Kashmir ( ), is a region administered by Pakistan as a nominally self-governing entitySee: * * * and constituting the western portion of the larger .... It was founded in 2005. BAJK has a network of 84 branches. Assets The total assets of the bank reached in the first six months of the 2022 calendar year. See also * Economy of Azad Kashmir References Banks of Pakistan Economy of Azad Kashmir Muzaffarabad District Pakistani companies established in 2005 Banks established in 2005 Government-owned banks of Pakistan {{Bank-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Chartered Pakistan
Standard Chartered Pakistan is a Pakistani commercial bank headquartered in Karachi. It is a wholly-owned subsidiary of British multinational bank Standard Chartered and is one of the oldest foreign commercial bank in Pakistan. History The history of Standard Chartered in Pakistan dates back to 1863, when the Chartered Bank of India, Australia and China first established its operations in Karachi. In December 2002, Grindlays ANZ's operations in Pakistan were merged into Standard Chartered Bank Pakistan. The merger followed Standard Chartered Bank's acquisition of Grindlays' Middle Eastern and South Asian operations from ANZ Banking Group on July 31, 2000. At the time of the merger, Standard Chartered was the largest foreign bank in Pakistan and operated in all four provinces, maintaining a network of 21 branches. In 2006, Standard Chartered Bank acquired Union Bank in Pakistan. On 30 December 2006, Standard Chartered merged Union Bank with its own subsidiary, Standard Chartere ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Soneri Bank
Soneri Bank Limited ( ) is a Pakistani bank based in Karachi Karachi is the capital city of the Administrative units of Pakistan, province of Sindh, Pakistan. It is the List of cities in Pakistan by population, largest city in Pakistan and 12th List of largest cities, largest in the world, with a popul .... Its head office is located in the PNSC Building. Soneri Bank started its operation in the year 1992. Amin A. Feerasta is Chairman of the Bank. References {{KSE 100 Banks of Pakistan Companies based in Karachi Banks established in 1992 Pakistani companies established in 1992 1992 initial public offerings Companies listed on the Pakistan Stock Exchange ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MCB Bank
MCB Bank Limited is a Pakistani commercial bank which is based in Lahore, Punjab. It is majority owned by a group of companies affiliated with Nishat Group and Malaysian bank Maybank. MCB Bank is listed on the Pakistan Stock Exchange and the London Stock Exchange. History MCB Bank was incorporated as Muslim Commercial Bank in July 1947, shortly before the Partition of India, under the encouragement of Muhammad Ali Jinnah. The founders, Adamjee Haji Dawood and M. A. Ispahani, were joined by directors from major Muslim commercial and industrial families, including the Ispahani, Adamjee, Dada, Arag, and Amin Jute families. Among the founding members was also Khwaja Shahabuddin, a former member of the first Muslim ministry in Bengal from 1937 to 1940. In 1964, MCB became part of Adamjee Group. MCB was nationalised in 1974 during the government of Zulfikar Ali Bhutto. Subsequently, its shares were de-listed from the Karachi Stock Exchange after acquisition by the government of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JS Bank
JS Bank Limited (JSBL) () is a Pakistani commercial bank headquartered in Karachi. It operates as a subsidiary of Jahangir Siddiqui & Co. Limited (JSCL), a financial conglomerate in Pakistan The bank was established in April 2007 as a result of the merger of two banks, Jahangir Siddiqui Investment Bank Limited and American Express Bank. JS Bank Limited currently operates branches across Pakistan, as well as an international branch in Manama, Bahrain. The Pakistan Credit Rating Agency Limited (PACRA) maintains the long-term entity rating of JS Bank Limited (JSBL) to ‘AA-(Double A Minus). Meanwhile, short-term entity rating is maintained at ‘A1+’ (A One Plus). History JS Bank origins began with the acquisition of Citicorp Investment Bank Limited by Jahangir Siddiqui & Co. Limited on 1 February 1999 to form Jahangir Siddiqui Investment Bank Limited (JSIBL). JSIBL had a 60% stake in Citicorp giving it ownership of the organization and its operations in Pakistan. In 2007, JSI ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HabibMetro
HABIBMETRO ( ; stylized in all uppercase) is a Pakistani commercial bank headquartered in Karachi. It is a subsidiary of Swiss bank Habib Bank AG Zurich. History 1992–2011: Initial years, growth, and focus on trade finance Habib Metropolitan Bank was established in 1992 as a subsidiary of Habib Bank AG Zurich, following the government's decision in 1991 to allow private banks in Pakistan. The bank is named after Habib Esmail, the founder of Habib Bank Limited, and is owned by the descendants of Habib's third son, Mohammedali Habib. The other branch of Habib family founded Bank AL Habib, which is owned by the descendants of Habib's elder son, Dawood Habib. The bank was listed on the Karachi Stock Exchange in the same year. Kassim Parekh, who had served as the president of Habib Bank from 1984 to 1988, was appointed as chairman and CEO of Metropolitan Bank in 1992. During his tenure, the bank's growth was limited to Karachi and trade finance. In 2006, Habib Bank AG Zurich ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
