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Banks In Pakistan

Banks In Pakistan Complete List with their category in which they are working as we know that bank is a financial institution, it is that kind of financial institution where many of the transactions have been taking place. In Pakistan, we have range of banks in Pakistan, we have these commercial banks, they just operate under the regulations that have been passed by state bank of Pakistan (SBP).  We too have those types of banks that do help the customers to just increase the capital, they are the investment banks. It is this investment bank which is that kind of financial institution that helps us, customers and also government and also all the corporations to make an investment. It is this investment bank that helps all those companies who want to get done with and wanted to be the part of mergers. Here at this post, we will be telling you that what types and varieties of banks in Pakistan. just check out those details and get to know about the types and kinds of financial institutions in Pakistan:

Banks In Pakistan

Banks In Pakistan

PUBLIC SECTOR BANKS

In this section of public sector banks in Pakistan, these are the banks that are massively controlled by government. It is these banks in which most of the percentages are held by government. In other words, we can say that major shareholders of these public sector banks are the government entity. They are too one of the important sections of these financial institutions in Pakistan. Here in these banks, government comes up with suitable kinds of schemes like that of loan and housing schemes for its people.

ISLAMIC BANKS
It is these Islamic banks in Pakistan that carry on their banking activity consistent with the principles of those sharia and they do the practical application of their transactions through the development of Islamic economics. It is this ‘Sharia compliant finance’ system that has been introduced by these Islamic Banks. These are the banks that also carry much importance when we talk about the major financial institutions in Pakistan. If any of the person wants to get done with its transactions in an Islamic way then he can for sure opt for these Islamic banks.

PRIVATE BANKS

It is these private banks in Pakistan that have been owned by either an individual with limited partners. They are not incorporated, in these banks, creditors can also look to both the situation of the bank’s assets and also entirety of that sole-proprietor’s and general-partners’ assets. It is these banks that carry massive percentage of significance in the financial institutions in Pakistan. Through these private banks, the financial situation of Pakistan is under control.

FOREIGN BANKS

It is this foreign bank in Pakistan that has this obligation to follow the regulations of just both the home and also host countries. It is these foreign banks that can provide more and more loans than that of the subsidiary banks. It is these banks too on which the future of financial institutions in Pakistan lies, without these banks, all these financial institutions in Pakistan cannot properly grow.

  • THE BANK OF TOKYO-MITSUBISHI UFJ LIMITED – PAKISTAN OPERATIONS
  • CITIBANK N.A. – PAKISTAN OPERATIONS
  • HSBC BANK MIDDLE EAST LIMITED – PAKISTAN
  • DEUTSCHE BANK AG – PAKISTAN OPERATIONS
  • BARCLAYS BANK PLC
  • OMAN INTERNATIONAL BANK S.A.O.G – PAKISTAN OPERATIONS

DEVELOPMENT FINANCIAL INSTITUTIONS

It is this kind of financial institution that has been set up by one individual country to just finance all the development projects in that developing country. You might have them in the form of Community development banks, they fund low-income areas, you can too have them in the form of International financial institutions, they conduct development-oriented finance.

These banks in Pakistan also come in the form of Development finance institutions, they provide finance to the private sector.

  • HOUSE BUILDING FINANCE CORPORATION
  • PAKISTAN KUWAIT INVESTMENT COMPANY LIMITED
  • PAK BRUNEI INVESTMENT COMPANY LIMITED
  • PAK OMAN INVESTMENT COMPANY LIMITED
  • PAK IRAN JOINT INVESTMENT COMPANY
  • SAUDI PAK INDUSTRIAL & AGRICULTURAL INVESTMENT COMPANY LIMITED
  • PAK LIBYA HOLDING COMPANY LIMITED
  • PAK-CHINA INVESTMENT COMPANY LIMITED

SPECIALIZED BANKS

We do have these kinds of financial institutions in Pakistan also, we have them in the form of Specialized banks. It is these banks that have been created and developed for some set purpose, you might have them in the form of Agricultural bank loans, Industrial loan banks, waseela rozgaar banks. These banks cater to the needs of people, if people are in search of loans, if they want to make an investment, if they want to have money for some time as a loan then it is these financial institutions in Pakistan that do this duty.

MICRO FINANCE BANKS / INSTITUTIONS

Here we have these micro finance banks, it is one of those financial institutions in Pakistan that offer small amount of loans to their customers. Like if you want to have loan to start up your business line, if you want to have loan to build up your home, to carry out some projects and you need some kind of financing then we have seen that it these financial institutions in Pakistan that have been named as micro finance banks, they offer finance to people

  • KHUSHHALI BANK LIMITED
  • ROZGAR MICROFINANCE BANK LIMITED
  • NETWORK MICROFINANCE BANK LIMITED
  • TAMEER MICRO FINANCE BANK LIMITED
  • PAK OMAN MICROFINANCE BANK LIMITED
  • THE FIRST MICRO FINANCE BANK LIMITED
  • KASHF MICROFINANCE BANK LIMITED

So, these are the Banks in Pakistan, these are the main categories of banks in Pakistan. We have such large and massive variety of financial institutions in Pakistan so that all the needs of people can be catered effectively and efficiently. Know more about the financial institutions in Pakistan from here.

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