The banking sector plays an important role in the development of Pakistan’s economy.

Pakistan’s banking system consists of the following banks:

  • Commercial Banks
  • International banks
  • Islamic banks
  • Development Financial Institutions
  • Microfinance Banks

The State Bank of Pakistan (SBP) is Pakistan’s central bank. All Banks of Pakistan fall under the administration of the Central bank (SBP).

Biggest Banks in Pakistan

Here is a list of some top banks of Pakistan:

1. Habib Bank Limited (HBL)

This bank was established in Mumbai in 1941 on the request of Muhammad Ali Jinnah (the founder of Pakistan) to help Indian Muslims. Based on assets, it is the largest bank in Pakistan. The HBL bank operates through the following sectors.

  • Branch banking
  • Corporate Banking,
  • Retail Financing,
  • SME and Investment Banking services

Here are some other details about HBL bank:

  • The headquarters is in Karachi.
  • Serving customers through more than 1500 branches across different cities in Pakistan and 55 branches across different countries
  • The network of approximately 2007 ATMs

2. National Bank of Pakistan (NBP)

National bank of Pakistan is the largest state-owned bank founded in 1949. This bank acts as an assistant to the Central Bank of Pakistan. This bank provides banking a range of services in the commercial sector as well as in the public sector.

Some other details about the National bank of Pakistan are mentioned below

  • Headquartered in Karachi, Pakistan
  • Around 12000 employees.
  • 1,450 branches across Pakistan
  • 21 branches internationally
  • Serving customers through more than 1000 ATMs.
  • Representative offices are in Canada and China

3. Meezan Bank

Meezan bank is the First Islamic bank of Pakistan established in 1997. This bank operates according to the rules and principles of Islamic law. This bank has about 600 branches across different cities of Pakistan. The headquarters are in Karachi.

Bank Alfalah was established in 1992 and it is the 5th largest bank of Pakistan. It operates through more than 600 branches across different cities in Pakistan and also has an international presence in Bangladesh, Bahrain, Afghanistan, and UAE.

4. MCB Bank

MCB is one of the biggest and oldest banks in Pakistan. It was founded in 1947.

Here are some details about the bank

  • Headquartered in Lahore, Pakistan
  • Serving about 4 million customers
  • More than 1100 branches across Pakistan
  • About 8 branches in different countries
  • Around 14,000 employees

5. United Bank Limited (UBL)

In the private banking sector, UBL is one of the largest and oldest banks in Pakistan. It was founded in 1959.

Here are some details about the bank:

  • More than 1380 branches across different cities of Pakistan
  • International presence in more than 19 countries
  • Headquartered in Karachi, Pakistan

6. Allied Bank

Allied Bank was established in 1942. The bank has more than 4000 employees. Allied bank has been serving its customers through more than 1100 branches and 1150 ATMs across different cities in Pakistan.

7. Faysal Bank

The Faysal Bank was established in 1994. It provides a range of financial services in Pakistan. The bank has about 350 branches across 100 different cities and more than 3000 employees.