Banks in Pakistan 2024
Simplify utility bill payments with a variety of choices from banks in Pakistan. Discover seamless bill settlement through public, specialized, private, Islamic, and foreign banks for ultimate convenience.
In a rapidly evolving digital landscape, Pakistan’s banking sector has embraced technological advancements to provide convenient and efficient services to its citizens. One notable aspect of this transformation is the ability to pay utility bills seamlessly through various banking institutions.
This article delves into the diverse types of regulated banks operating in Pakistan and how each facilitates the process of paying electricity and other utility bills.
Types of Regulated Banks in Pakistan
The State Bank of Pakistan (SBP), the country’s central bank, oversees and regulates a variety of banking institutions catering to the needs of both individuals and businesses. These banks can be categorized into five main types, each playing a unique role in Pakistan’s financial ecosystem:
Public Sector Commercial Banks in Pakistan
These banks are owned and operated by the government of Pakistan. Some of the prominent names in this category include the National Bank of Pakistan, The Bank of Punjab and others mentioned below. With their extensive branch networks and digital services, these banks offer a convenient platform for utility bill payments.
Following are the Public Section Banks in Pakistan
| Bank Name | Bank Address | Bank Phone | President |
|---|---|---|---|
| First Women Bank Limited | Dr. Syedna Tahir Saifuddin Memorial Foundation Building, CL-10/20/2 Beaumont Road, Civil Lines, Karachi | 021-35622816 021-35657759 | Mr. Farrukh Iqbal Khan |
| The Bank of Khyber | 24-The Mall, HO Tower, Head Office Peshawar Cantt | 091-7227003 091-7227009 | Mr. Muhammad Ali Gulfaraz |
| Sindh Bank Limited | Head Office 3rd Floor, Federation House, Abdullah Shah Ghazi Road, Clifton, Karachi-75600 | 0800-3332 021-35290274 | Mr. Imran Samad |
| National Bank of Pakistan | Head Office, I.I. Chundrigar Road, Karachi | 021-99212779 021-99220291 | Mr. Rehmat Ali Hasnie |
| The Bank of Punjab | Head Office, BOP TOWER, 10-B, Block E-11, Main Boulevard Gulberg-III, Lahore | 042-35783711 042-35783712 | Mr. Zafar Masud |
Specialized Banks in Pakistan
These banks focus on specific sectors or services. The House Building Finance Corporation (HBFC) and the SME Bank are examples of specialized banks in Pakistan. While their primary focus might not be utility bill payments, they often collaborate with other banks to provide comprehensive financial solutions.
| Bank Name | Bank Address | Bank Phone | President |
|---|---|---|---|
| Zarai Tarqiati Bank Limited | Head Office, 1-Faisal Avenue, , Zero Point, Islamabad | 051-9252717 051-9252727 | Mr. Asad Ullah Habib |
| Punjab Provincial Cooperative Bank Limited | Head Office, Bank Square, Shahrah-e-Quaid-e-Azam The Mall, Lahore | 042-99211437 | Mr. Tahir Yaqoob Bhatti |
SME Bank Limited | 56-F, Nazim-ud-Din Road, F-6/1 Blue Area, Islamabad | 051-9214296 051-9217000 | Mr. Dilshad Ali Ahmad |
| Industrial Development Bank of Pakistan Limited | State Life Building No. 2, Wallace Road Off. I. I. Chundrigar Road, Karachi | 021-99213615 | Mr.Syed Irfan Ali |
Local Private Banks in Pakistan
The local private banks, such as MCB Bank, United Bank Limited (UBL), and Bank Alfalah, have a significant presence in Pakistan’s banking landscape. These institutions combine modern technology with personalized services, allowing customers to easily pay their utility bills through various channels.
| Bank Name | Bank Address | Bank Phone | President |
|---|---|---|---|
| United Bank Limited | 21st Floor, UBL Head Office, I.I. Chundrigar Road, Karachi | 021-32417021-2 | Mr. Muhammad Jawaid Iqbal |
| Habib Bank Limited | 22-Habib Bank Plaza I.I. Chundrigar Road, Karachi | 021 – 37182201 | Mr. Muhammad Aurangzeb |
| Allied Bank limited | Head Office and Registered Office, 3 Tipu Block, Main Boulevard, New Garden Town, Lahore | (042)-35880043 (042)- 35909103 | Mr. Aizid Razzaq Gill |
| MCB Bank Limited | 22nd Floor, MCB Tower, I.I. Chundrigar Road, Karachi | 021-32270075-76 | Mr. Shoaib Mumtaz |
| Bank Al-Habib Limited | Mackinnons Building I.I. Chundrigar Road, Karachi | 021- 32401174 | Mr. Mansoor Ali Khan |
| Bank Al-Falah Limited | Head Office, 2nd Floor, B.A. Building I.I. Chundrigar Road, Karachi | 021-32416966 021-38202508 | Mr.Atif Aslam Bajwa |
| JS Bank Limited | 1st Floor, Shaheen Commercial Complex Dr. Ziauddin Ahmed Road, Karachi | 021-111572265 | Basir Shamsie |
| Habib Metropolitan Bank Limited | President Office, Spencer building, Mezzanine floor, I.I. Chundrigar Road, Karachi. | 021-32644671 | Mr. Khurram Shahzad Khan |
| Askari Bank Limited | 3rd Floor, Plot No.18, NPT Building, F-8 Markaz, Islamabad. | 051-2253666 | Mr. Atif R. Bokhari |
| Samba Bank Limited | Ground Floor, Arif Habib Centre 23 Maulvi Tamizuddin Khan Road, Karachi | 021-38136300 | Mr. Ahmad Tariq Azam |
| Soneri Bank Limited | Central Office, 10th floor, PNSC Building M.T.Khan Road, Karachi | 021-32439582 | Mr. Muhtashim Ahmad Ashai |
| Standard Chartered Bank (Pakistan) Limited | 3rd Floor, Main Building, P. O. Box No. 5556 I. I. Chundrigar Road, Karachi | 021-32450288 021-32450289 | Mr. Rehan Sheikh |
| Summit Bank Limited | Head Office: Summit Tower, 9th Floor, Plot # G-2, Block 2 Clifton Karachi | 021- 32463570 | Jawad Majid Khan |
| SILKBANK Limited | Silkbank Limited Head office Ground Floor, Com-3 Mall, Block-6 KDA Scheme No.5, Clifton Karachi. | 021-111100777 | Mr. Shahram Raza Bahktiari |
Islamic Banks in Pakistan
In line with the principles of Islamic finance, Islamic banks, including Meezan Bank and BankIslami, offer Sharia-compliant banking services. These banks have adapted their processes to accommodate utility bill payments while adhering to Islamic financial principles.
| Bank Name | Bank Address | Bank Phone | President |
|---|---|---|---|
| Meezan Bank Limited | Meezan House, C-25, State Avenue, SITE, Karachi | 021-38103501 | Mr. Irfan Siddiqui |
| Al-Baraka Bank (Pakistan) Limited | 4th floor, 162, Bangalore Town, Main Shahrah-e-Faisal, Karachi | 021-34307000 | Mr. Muhammad Atif Hanif |
| Bank Islami Pakistan Limited | 11th Floor, Executive Tower, Dolmen City Marine Drive, Block-4, Clifton, Karachi | 021-111247111 | Syed Amir Ali |
| Dubai Islamic Bank Pakistan | Hassan Chambers, 3rd Floor, Plot DC-7, Block-7, Kehkashan Clifton, Karachi | 021 -35368786 | Mr. Junaid Ahmed |
| Faysal Bank Limited | Faysal House, 4th Floor, St-02, Commercial Lane, Main Shahrah-e-Faisal, Karachi | 021-32795300 | Mr. Yousaf Hussain |
Foreign Banks in Pakistan
Several international banks have established their presence in Pakistan, such as Standard Chartered Bank and Citibank. These banks bring global expertise and technology to the local market, enhancing the convenience of bill payment for their customers.
| Bank Name | Bank Address | Bank Phone | President |
|---|---|---|---|
| Citi Bank N.A | 1st Floor, AWT Plaza, I. I. Chundrigar Road, Karachi | 021-32638222 | Mr. Ahmed Khan Bozai |
| Industrial & Commercial Bank of China | 16th Floor, Ocean Tower,G-3 Block 9, Scheme No 5,Main Clifton Road, Karachi. | 021-35208900 | Mr. Zhou Bo |
| Deutsche Bank AG | Avari Plaza, Fatima Jinnah Road, Karachi -75530 | 021-35207200 | Syed Muhammad Kamran Zaidi |
| Bank of China Limited | 5th Floor, Corporate Office Block Dolmen City, HC-3, Block 4 Scheme 5, Clifton Karachi | 021-35301666 | Mr. Wang Jie |
Paying Utility Bills: A Comprehensive Guide
While the process of paying utility bills is fairly standardized across different types of banks, each institution offers its unique digital platforms and branches for bill payments. we will discuss the several next article’s general procedures for bill payment, along with the distinct features offered by each bank.
Conclusion
The banking sector in Pakistan has evolved significantly to meet the ever-changing needs of its customers. The ability to pay utility bills, including electricity bills, through a variety of banking institutions showcases the sector’s commitment to convenience and technological innovation.
Whether it’s the widespread reach of public sector commercial banks in Pakistan, the tailored services of local private banks in Pakistan, or the Sharia-compliant options provided by Islamic banks, customers have a multitude of choices to settle their utility dues.
As the digital landscape continues to expand, the banking sector’s role in facilitating financial transactions, including bill payments, remains a cornerstone of Pakistan’s economic progress.