Top Best Bank In Pakistan 2023 | Best Banks For Freelancers
List Of Best Banks In Pakistan And Best Investment bank in Pakistan

Here is Best Bank In Pakistan 2023 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 2023 for online net banking and loans
Internet Banking service of these banks are on the key features and different and unique from other.

Pakistan’s banking industry was in flux during the past five years as the discount rates dramatically reduced to 5.75 percent and then gradually peaked at 13.25 percent. Here Is How to Apply for International Driving License in Pakistan 2023 ( Apply Now )
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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 again banks are moving to invest in government papers again. Check out latest How to get Netflix packages in Pakistan 2023 ( Simple Method )
Best Bank In Pakistan 2020 The high policy rate since 2018 has made banking companies make investing in government bonds to make 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 major banks HBL and UBL.
Which changed the situation of the banking industry, providing a space for other banks to compete with them in profit-making .
Previously, commercial banks couldn’t compete with the five major banks due to their asset size branch network decades old history of operations. Here is How To Calculate Income Tax On Salary In Pakistan With Example 2023
Best Bank In Pakistan 2023 the strength of staff and brand image, etc. But 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, with its headquarters in Karachi. It is one of the largest banks in Pakistan, with a network of over 1,400 branches across the country and around the world.
Related Article: Meezan Bank Branch Code List – Find Your Nearest Branch 2023
NBP 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 NBP Capital, NBP Funds, and NBP Leasing, which provide additional financial services to customers.
In addition to its banking operations, NBP 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.
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.

And over the government employ specially process through this bank.Large numbers of people have account in 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 percent. The bank also achieved an asset value of Rs. 3 trillion in 2019.
2. 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 around the world.
MCB 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 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 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.
MCB Pakistan Bank lost its crown of the most profitable bank to NBP but it stands very close to the NBP as it made a profit of Rs. 16.29 billion in the same period. It recorded a handsome 14 percent growth in its profitability year-on-year.

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 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.
- Supplementary Cards. …
- 24 Hour Customer Service. …
- Free Travel Accident Insurance. …
- E-statements. …
- Free CIP Lounge Access. …
- Zero Loss Liability. …
- UBL Family Security Plan. …
- 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.

When a bank is operating 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 in terms of profitability.
Standard Chartered’s profit surged to Rs. 11.4 billion by the end of Q3 2019 as compared to Rs. 7.77 billion recorded in the corresponding period of last year showing a massive growth of 47 percent year-on-year.
Features & Benefits
- Loan. Home Loan. …
- Investment. Fixed Deposit. …
- Cards. Credit Card. …
- Banking. SMS Banking.
best bank in pakistan for freelancers
5. Meezan Bank
Meezan Bank is a Pakistani Islamic bank headquartered in Karachi, Pakistan. It is the largest Islamic bank in Pakistan, with a network of over 550 branches across the country.
Meezan Bank offers a range of Islamic financial products and services that are compliant with Islamic principles, such as the prohibition on interest. These products include deposit accounts, loans, credit cards, online banking, and more.
In addition to its banking operations, Meezan Bank 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.
Meezan Bank surprised the industry. It improved its ranking from the eighth position to settle on the 5th.

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 around the world.
ABL 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 ABL Asset Management, ABL Insurance, and ABL Digital, which provide additional financial services to customers.
In addition to its banking operations, ABL 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.
Allied Bank Limited dropped from 4th place 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.

Last year showing a drop of 6 percent in profit. Best bank in Pakistan 2023 The bank has become the fifth in the industry to mobilize deposits of over Rs. 1 trillion.
Features & Benefits
- Free of cost issuance of first cheque book of 10 leaves. …
- ATMs. You get 24 hour, 365 day access to cash from any ATM throughout the country as well as 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 2023
7. 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 around the world.
Bank Alfalah 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 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 percent year-on-year to stand at Rs. 9.2 billion by the end of the third quarter of 2019.

Best bank in Pakistan for freelancers The bank maintained its ranking at no. 7 in the banking industry however .Best Bank In Pakistan 2023 it may surpass Allied Bank in the current fiscal year.
- 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 around the world.
HBL 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 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 on the declining trend in terms of its ranking and profitability. The former most profitable bank of the industry is now in the 8th position.

The bank’s profit declined to Rs. 8.82 billion in the nine months of 2019 as compared with a profit of Rs. 9.91 reported in the same period last year showing a 10 percent (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 which was the highest ever profit in the history of the bank and the industry.
The bank has the potential to bounce back in the long term having the most experienced and qualified members of the board and management.
- 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 around the world.
Bank Al Habib 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 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 percent 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.

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.
- 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.
- Specialized units: Bank Al Habib has a number of 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.
- Strong network: Bank Al Habib has a strong network of over 1,400 branches across Pakistan and around the world, making it easy for customers to access its services.
- Convenience: Bank Al Habib offers a number of convenient features, such as online banking and mobile banking, which allow customers to access their accounts and conduct transactions from anywhere.
- Security: Bank Al Habib places a strong emphasis on security, and uses advanced technology to protect the personal and financial information of its customers.
10. 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 around the world.
BOP 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 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 has reported a double-digit profit growth of 13 percent for the first three-quarters of 2019 compared with the same time period last year.

Best banks in Pakistan 2023 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 a number of 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 around the world, making it easy for customers to access its services.
- Convenience: BOP offers a number of convenient features, such as online banking and mobile banking, which allow customers to access their accounts and conduct transactions from anywhere.
- Security: BOP places a strong emphasis on security, and uses advanced technology to protect the personal and financial information of its customers.
- 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 Rs. 4.4 billion.
Askari Bank with a profit of Rs. 4.3 billion can upset the rankings in the closing quarter of 2019 with their earnings and profitability.
The fourth and final quarter of the calendar year has been tough for the banks as the management and staff are working hard to achieve their targets as 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.