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Top Best Bank In Pakistan 2024 | Best Banks For Freelancers

List Of Best Banks In Pakistan And Best Investment bank in Pakistan

Here is  Best Bank In Pakistan 2024 Peoples can invest and open their accounts for business for the year 2020. All of them are the top-ranking bank for business level and small bossiness

Top Best Banks In Pakistan 2024 for online net banking and loans

Internet Banking service of these banks are on the key features and different and unique from other.

best bank in Pakistan for freelancers
Top Bank list of Pakistan in 2024 Best bank in Pakistan 2024

Pakistan’s banking industry was in flux during the past five years as the discount rates dramatically reduced to 5.75 per cent and then gradually peaked at 13.25 per cent.

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Traditionally, banks made money from T Bills and PIBs, but the lower interest rates caused them to move to give out loans to the private sector. As the interest rates increase, banks are investing in government papers again.

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Best Bank In Pakistan 2020 The high policy rate since 2018 has made banking companies invest in government bonds to create secure and easy profits

At the same time, the closure of profitable branches in the international markets, mainly in New York, hit the bottom lines of two central banks, HBL and UBL.

This changed the banking industry’s situation, allowing other banks to compete with them in profit-making.

Previously, commercial banks couldn’t compete with the five central banks due to their asset size branch network and decades-old history of operations.

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Best Bank In Pakistan 2024: Strength of staff, brand image, etc. However, the status quo has been broken as the banks are very close to each other in rankings for profitability.

  1. National Bank of Pakistan

The National Bank of Pakistan (NBP) is a state-owned commercial bank in Pakistan, headquartered in Karachi. It is one of the largest banks in Pakistan, with a network of over 1,400 branches across the country and worldwide.

Related Article: Meezan Bank Branch Code List – Find Your Nearest Branch 2024

NBP offers a range of financial products and services, including deposit accounts, loans, credit cards, online banking, and more. It also has several specialized units, such as NBP Capital, NBP Funds, and NBP Leasing, which provide additional financial services to customers.

In addition to its banking operations, NBP is involved in various social and development initiatives, such as supporting small and medium-sized enterprises, promoting agriculture and livestock development, and supporting education and healthcare.

National Bank of Pakistan, being state-owned, remained the most profitable bank. It surpassed MCB Bank, which recorded the highest profit in the industry at the end of 2018.

best bank in pakistan for freelancers
Best banks in Pakistan

The government employs a unique process through this bank. Large numbers of people have accounts in the National Bank of Pakistan.

Best Bank In Pakistan 2020 The public sector bank recorded a profit of Rs. 16.33 billion in the first nine months of 2019, showing a marginal growth of 1 per cent. The bank also achieved an asset value of Rs. 3 trillion in 2019.

  1. MCB Bank

The Muslim Commercial Bank Limited (MCB) is a Pakistani multinational commercial bank with its head office in Lahore, Pakistan. It is one of the largest banks in Pakistan, with a network of over 1,400 branches across the country and worldwide.

MCB offers a range of financial products and services, including deposit accounts, loans, credit cards, online banking, and more. It also has several specialized units, such as MCB Islamic Banking, MCB Capital Markets, and MCB Asset Management, which provide additional financial services to customers.

In addition to its banking operations, MCB is involved in various social and development initiatives, such as supporting small and medium-sized enterprises, promoting agriculture and livestock development, and supporting education and healthcare.

MCB Pakistan Bank lost its crown as the most profitable bank to NBP, but it stands very close to NBP as it made a profit of Rs. 16.29 billion in the same period. It recorded a handsome 14 per cent growth in its profitability year-on-year.

MCB Bank Pakistan best bank in pakistan for freelancers
Best banks in pakistan

The bank is set to reclaim its position in the remaining period of the current year.

Services and Features

  • Balance inquiry. …
  • Mini-Statement. …
  • Fund Transfers. …
  • Purchase Top-ups for Pre-paid and bills for Post-paid Mobile Connections. …
  • Pay Utility Bills. …
  • Pay MCB Credit Card Bills. …
  • Maintain Beneficiaries. …
  • Report a Lost or Stolen Debit Card.

3. United Bank Limited

United Bank Limited (UBL) is a Pakistani multinational commercial bank with its head office in Karachi, Pakistan. It is one of the largest banks in Pakistan, with a network of over 1,400 branches across the country and around the world.

UBL offers a range of financial products and services, including deposit accounts, loans, credit cards, online banking, and more. It also has a number of specialized units, such as UBL Fund Managers, UBL Insurance, and UBL Digital, which provide additional financial services to customers.

In addition to its banking operations, UBL is also involved in various social and development initiatives, such as supporting small and medium-sized enterprises, promoting agriculture and livestock development, and supporting education and healthcare.

United Bank Limited (UBL) has retained its third position in the banking industry. It recorded an impressive 50 percent year-on-year growth in the first nine months of 2019 to stand at Rs. 14.22 billion also best bank in Pakistan for freelancers.

Best banks in pakistan
Best banks in Pakistan

best bank in Pakistan for freelancers UBL’s profit gap with MCB Bank and NBP is notable but the bank can make an upset in the coming months keeping in view the growth rate of profitability.

It is pertinent to mention that earlier UBL achieved a remarkable profit of Rs. 25 billion in 2017.

Features & Benefits
  1. Supplementary Cards. …
  2. 24 Hour Customer Service. …
  3. Free Travel Accident Insurance. …
  4. E-statements. …
  5. Free CIP Lounge Access. …
  6. Zero Loss Liability. …
  7. UBL Family Security Plan. …
  8. Child Education Plan.

4. Standard Chartered Bank

Standard Chartered is a British multinational banking and financial services company headquartered in London, United Kingdom. It operates a network of over 1,200 branches and outlets in more than 70 countries, including Pakistan.

Standard Chartered offers a range of financial products and services, including deposit accounts, loans, credit cards, online banking, and more. It also has a number of specialized units, such as Standard Chartered Private Bank, Standard Chartered Securities, and Standard Chartered Asset Management, which provide additional financial services to customers.

In addition to its banking operations, Standard Chartered is also involved in various social and development initiatives, such as supporting small and medium-sized enterprises, promoting education and healthcare, and protecting the environment.

Standard Chartered Bank jumped to the fourth position from sixth. It has shown a startling performance in the banking industry particularly.

Best Bank In Pakistan
Best Bank In Pakistan

When a bank operates with a limited branch network and workers compared with leading banks such as Habib Bank Limited and Allied Bank Limited.

Best bank in Pakistan 2020, which the UK-based bank left in the dust regarding profitability.

Standard Chartered’s profit surged to Rs. 11.4 billion by the end of Q3 2019 compared to Rs. 7.77 billion recorded in the corresponding period of last year, showing a massive growth of 47 per cent year-on-year.

Features & Benefits

  • Loan. Home Loan. …
  •  Investment. Fixed Deposit. …
  •  Cards. Credit Card. …
  •  Banking. SMS Banking.

best bank in Pakistan for freelancers

  1. Meezan Bank

Meezan Bank is a Pakistani Islamic bank headquartered in Karachi, Pakistan. It is Pakistan’s most prominent Islamic bank, with over 550 branches nationwide.

Meezan Bank offers a range of Islamic financial products and services compliant with Islamic principles, such as the prohibition of interest. These products include deposit accounts, loans, credit cards, online banking, and more.

In addition to its banking operations, Meezan Bank is involved in various social and development initiatives, such as supporting small and medium-sized enterprises, promoting education and healthcare, and protecting the environment.

Meezan Bank surprised the industry. It improved its ranking from eighth position to settle on the 5th

Best banks in pakistan
Best banks in pakistan

Best bank in Pakistan for freelancers The bank recorded outstanding profit growth of 75 percent year on year to stand at Rs. 10.94 billion Best bank in pakistan 2020.

Features & Benefits

  • Bank Accounts.
  • Term Deposits.
  • Consumer Finance.
  • Premium Banking.
  • Debit Cards.
  • Home Remittance Labbaik Travel Asaan Takaful Coverage Meezan Kafalah Asset Management Electronic Initial Public Offering.

6. Allied Bank Limited

Allied Bank Limited (ABL) is a Pakistani multinational commercial bank with its head office in Lahore, Pakistan. It is one of the largest banks in Pakistan, with a network of over 1,400 branches across the country and worldwide.

ABL offers a range of financial products and services, including deposit accounts, loans, credit cards, online banking, and more. It also has several specialized units, such as ABL Asset Management, ABL Insurance, and ABL Digital, which provide additional financial services to customers.

In addition to its banking operations, ABL is involved in various social and development initiatives, such as supporting small and medium-sized enterprises, promoting agriculture and livestock development, and supporting education and healthcare.

Allied Bank Limited dropped from 4th to 6th place in terms of profit. The bank recorded a profit of Rs. 9.405 billion in the period as compared with Rs. 9.968 billion.

Best banks in Pakistan
Best banks in pakistan

Last year they showed a drop of 6 per cent in profit. Best bank in Pakistan 2024 The bank has become the fifth in the industry to mobilize over Rs. 1 trillion in deposits.

Features & Benefits

  • Free of cost issuance of the first chequebook of 10 leaves. …
  •  ATMs. You get 24-hour, 365-day access to cash from any ATM throughout the country and overseas with Allied Cash+Shop Visa Debit Card. …
  •  POS. …
  •  Allied Phone Banking. …
  •  myABL Internet Banking. …
  •  Branch Banking. …
  •  To open your Account with us.

Best banks in Pakistan 2024

  1. Bank Alfalah

Bank Alfalah is a Pakistani multinational commercial bank with its head office in Karachi, Pakistan. It is one of the largest banks in Pakistan, with a network of over 1,400 branches across the country and worldwide.

Bank Alfalah offers a range of financial products and services, including deposit accounts, loans, credit cards, online banking, and more. It also has several specialized units, such as Bank Alfalah Investment Banking, Bank Alfalah Cards, and Bank Alfalah Islamic Banking, which provide additional financial services to customers.

In addition to its banking operations, Bank Alfalah is also involved in various social and development initiatives, such as supporting small and medium-sized enterprises, promoting agriculture and livestock development, and supporting education and healthcare.

Bank Alfalah maintained its growth in profitability, which increased 7 per cent year-on-year to stand at Rs—9.2 billion by the end of the third quarter of 2019.

Bank Alfalah Best banks in pakistan
Best banks in pakistan

Best bank in Pakistan for freelancers The bank maintained its ranking at no. 7 in the banking industry however .Best Bank In Pakistan 2024 it may surpass Allied Bank in the current fiscal year.

Features Benefits
  • Open with an initial deposit of Rs. 1,000 only.
  • No monthly minimum balance requirement.
  • 2 free deposits and 2 free withdrawal transactions every month through cheque.
  • VISA Debit/ATM Card accepted at over 30 million outlets and more than 1.5 million ATMs worldwide.

8. Habib Bank Limited

Habib Bank Limited (HBL) is a Pakistani multinational commercial bank with its head office in Karachi, Pakistan. It is one of the largest banks in Pakistan, with a network of over 1,400 branches across the country and worldwide.

HBL offers a range of financial products and services, including deposit accounts, loans, credit cards, online banking, and more. It also has several specialized units, such as HBL Asset Management, HBL Insurance, and HBL Digital, which provide additional financial services to customers.

In addition to its banking operations, HBL is also involved in various social and development initiatives, such as supporting small and medium-sized enterprises, promoting agriculture and livestock development, and supporting education and healthcare.

Habib Bank Limited is declining in terms of its ranking and profitability. The former most profitable bank in the industry is now in the 8th position.

Habib Bank Limited Best banks in Pakistan
best bank in pakistan for freelancers

The bank’s profit declined to Rs. 8.82 billion in the nine months of 2019 compared with a profit of Rs. 9.91 reported in the same period last year, showing a 10 per cent (over Rs. 1 billion) decline year-on-year.

Best bank in Pakistan for freelancers It is pertinent to mention here that the bank posted its highest annual profit of Rs. 34 billion in 2016, the highest ever profit in the bank’s history and the industry.
The bank can potentially bounce back long-term with the most experienced and qualified board and management members.

Features & Benefits
  • Free inter-city cheque clearing.
  • Free stop payment of cheque.
  • Free SMS alerts on all transactions.
  • Waiver on cheque return charges.
  • Free issuance and cancellation of banker’s cheque.
  • Free cheque book and duplicate account statement.
  • Free funds transfer.
  • Free cash withdrawals and deposits.

9. Bank Al Habib

Bank Al Habib is a Pakistani commercial bank with its head office in Karachi, Pakistan. It is one of the largest banks in Pakistan, with a network of over 1,400 branches across the country and worldwide.

Bank Al Habib offers a range of financial products and services, including deposit accounts, loans, credit cards, online banking, and more. It also has several specialized units, such as Bank Al Habib Investment Banking, Bank Al Habib Cards, and Bank Al Habib Islamic Banking, which provide additional financial services to customers.

In addition to its banking operations, Bank Al Habib is also involved in various social and development initiatives, such as supporting small and medium-sized enterprises, promoting agriculture and livestock development, and supporting education and healthcare.

Bank Al-Habib Limited has recorded double-digit profit growth of 18 per cent in the nine months of 2019. Despite an increase of over Rs. 1 billion in profit, the bank maintained its ranking from the previous position at No.9.

Bank Al Habib Best banks in pakistan
best bank in pakistan for freelancers

Best bank in Pakistan for freelancers The bank’s profit stands at Rs. 7 billion and is likely to break its all-time high record of Rs—8.5 billion by the end of the business year 2019.

  1. Wide range of financial products and services: Bank Al Habib offers a range of financial products and services, including deposit accounts, loans, credit cards, online banking, and more.
  2.  Specialized units: Bank Al Habib has several specialized units, such as Bank Al Habib Investment Banking, Bank Al Habib Cards, and Bank Al Habib Islamic Banking, which provide additional financial services to customers.
  3.  Strong network: Bank Al Habib has a strong network of over 1,400 branches across Pakistan and worldwide, making it easy for customers to access its services.
  4.  Convenience: Bank Al Habib offers several convenient features, such as online and mobile banking, allowing customers to access their accounts and conduct transactions from anywhere.
  5.  Security: Bank Al Habib strongly emphasizes security and uses advanced technology to protect its customers’ personal and financial information.
  6. Bank of Punjab

The Bank of Punjab (BOP) is a Pakistani commercial bank with its head office in Lahore, Pakistan. It is one of the largest banks in Pakistan, with a network of over 1,400 branches across the country and worldwide.

BOP offers a range of financial products and services, including deposit accounts, loans, credit cards, online banking, and more. It also has several specialized units, such as BOP Capital, BOP Asset Management, and BOP Digital, which provide additional financial services to customers.

In addition to its banking operations, BOP is also involved in various social and development initiatives, such as supporting small and medium-sized enterprises, promoting agriculture and livestock development, and supporting education and healthcare.

Bank of Punjab (BoP) has also retained its position at No. 10. The bank reported double-digit profit growth of 13 per cent for the first three-quarters of 2019 compared to last year.

Best banks in pakistan
best bank in pakistan for freelancers

Best banks in Pakistan 2024 The bank’s profit grew to Rs. 6.18 billion during the period, compared to a profit of Rs. 5.44 billion earned last year.

Features & Benefits

  • Wide range of financial products and services: BOP offers a range of financial products and services, including deposit accounts, loans, credit cards, online banking, and more.
  •  Specialized units: BOP has several specialized units, such as BOP Capital, BOP Asset Management, and BOP Digital, which provide additional financial services to customers.
  •  Strong network: BOP has a strong network of over 1,400 branches across Pakistan and worldwide, making it easy for customers to access its services.
  •  Convenience: BOP offers several convenient features, such as online and mobile banking, allowing customers to access their accounts and conduct transactions from anywhere.
  •  Security: BOP strongly emphasises security and uses advanced technology to protect its customer’s customers’ personal and financial information.
  •  Rms and Conditions for Providing e-Statement Facility
  •  Trade Services
  •  Treasury & F.I
  •  Utility Bills
  •  Lockers
  •  Collection of Cheques

Competing Banks

Best bank in Pakistan for freelancers Besides these top 10 most profitable banks of Pakistan banks, including Habib Metro, with a profit of Rs. 5.7 billion Faysal Bank with a profit of Rs. 4.4 billion.

Askari Bank, with a profit of Rs. 4.3 billion can upset the rankings in the closing quarter 2019 with their earnings and profitability.

The fourth and final quarter of the calendar year has been challenging for the banks as the management and staff work hard to achieve their targets per their business plans.

The rankings of these banks may vary next year based on the operational and financial performances of the banks from February onwards.

Fahad Ali

"Meet Fahad Ali, founder of Top Trend PK, a leading online platform for government schemes, current affairs, and local news. With 8 years of experience in content writing, Fahad has established himself as a trusted voice in the industry. Fahad's expertise lies in government initiatives like Ehsaas Program and BISP Program. He stays up-to-date with the latest developments in current affairs and local news, ensuring his readers are well-informed. Follow Fahad Ali on Top Trend PK for expert insights and analysis on government schemes, current affairs, and local news. Fahad's passion for writing and commitment to quality have earned him a reputation as a go-to source for authoritative content."

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