Financial institutions

 financial institution is an institution that provides financial services for its clients or

members. Probably the most important financial service provided by financial institutions is
acting as financial. Most financial institutions are highly regulated by government.

Broadly speaking, there are three major types of financial institutions:[1]

1. Deposit-taking institutions that accept and manage deposits and make loans,

including banks, building, credit unions, trust companies, and mortgage loan companies
2. Insurance companies and pension funds; and

3. Brokers, underwriters and investment funds.

Non-Banking Financial Institutions

Non-Banking Financial Institutions (including Investment Banks, Leasing Companies,

Modarabas, Housing Finance Companies)

Public Unlisted and Private Companies

Annual financial statements must be presented at the annual shareholders' meeting, which
in the case of new companies must be held within 18 months of incorporation. Thereafter, the
annual meeting must be held at least once in a calendar year, but the time gap between the
meetings must not exceed 15 months.
Furthermore, the financial statements presented at the meeting must not be more than four
months old. The Registrar of Joint Stock Companies may, for good reason, extend the four-
month period by a further period not to exceed two months.
The public unlisted companies are required to file a copy of the financial statements contained in
the reports with the Registrar together with information regarding shareholders and directors
within 30 days of the annual meeting. Private companies need not file the financial statements
but the information regarding shareholders and directors need to be filed within 30 days of
annual meeting.
The financial statements are the same as for listed public companies, except that quarterly
information is not required. The statements must be audited. A person other than a chartered
accountant may be appointed auditors of a private company, if it is not a subsidiary of a public
company. The reports are made available to the shareholders and, where necessary, to banks,
financial institutions, and government agencies. They need not be published. Other reporting
requirements are generally the same as for listed public companies.
Tax Return
Tax return requirements are the same as those for listed public companies, except that the
involvement of an auditor (chartered accountant or cost and management accountant) is required
only if the company's paid-up capital exceeds Rs. 500,000.
 Financial institutions in Pakistan
Contents

 1 Nationalized scheduled banks

 2 Specialized banks
 3 Card Issuers
 4 Development financial institutions
 5 Commercial banks
 6 Investment banks
 7 Discount and guarantee houses
 8 Housing finance companies
 9 Micro finance banks
 10 Islamic banks

Nationalized scheduled banks

The following is the list of banks in Pakistan

 The Bank of Punjab

 State bank of pakistan
 The Bank Of Khyber
 The Sindh Bank
 The Bank of Sindh
 Sindh Central Cooperative Bank
Specialized banks

 Industrial Development Bank

 Zarai Taraqiati Bank Limited
 Punjab Provincial Cooperative Bank
 SME Bank
 Arslaan Bank Limited
Card Issuers

 Allied Bank Limited 

 Summit Bank (formerly known as Arif Habib Bank)
 Askari Commercial Bank 
 Barclays Bank Pakistan
 Bank Alfalah 
 Bank AL Habib 
 CitiBank Pakistan
 Faysal Bank 
 First Women Bank
 HSBC Pakistan
 Habib Bank Limited 
 Habib Metropolitan Bank
 Habib Bank AG Zurich
 JS Bank
 MCB Bank Limited 
 My Bank
 NIB Bank Pakistan
 Royal Bank of Scotland Pakistan
 Standard Chartered Bank Pakistan 
 Soneri Bank
 Silkbank Limited (Formerly Saudi Pak Commercial Bank Ltd)
 United Bank Limited 

Development financial institutions

 Pak China Investment Company Limited, Islamabad

 Pak Kuwait Investment Company Limited, Karachi
 Pak Libya Holding Company Limited, Karachi
 Pak Iran Joint Investment Company Limited, Karachi
 Pak-Oman Investment Company Limited, Karachi
 Saudi Pak Industrial and Agricultural Investment CompanyLimited, Islamabad
 House Building Finance Corporation, Karachi
 Investment Corporation of Pakistan, Karachi
 Pak Brunei Investment Company Limited, Karachi
 Commercial banks
 Allied Bank Limited
 Summit Bank (formerly known as Arif Habib Bank)[12]
 Askari Commercial Bank
 Barclays Bank Pakistan
 Bank Alfalah
 Bank AL Habib
 CitiBank Pakistan
 Faysal Bank
 First Women Bank
 HSBC Pakistan
 Habib Bank Limited
 Habib Metropolitan Bank
 Habib Bank AG Zurich
 JS Bank
 MCB Bank Limited
 My Bank
 NIB Bank Pakistan
 Royal Bank of Scotland Pakistan
 Standard Chartered Bank Pakistan
 Soneri Bank
 Silkbank Limited (Formerly Saudi Pak Commercial Bank Ltd)
 United Bank Limited
 Investment banks

 BMA Capital Management Limited

 Invest Capital Investment Bank Limited
 AMZ Securities
 Orix Leasing (Pakistan) Limited
 Trust Investment Bank Limited
 JS Investment Bank Limited
 Atlas Investment Bank Limited
 Al towfeek Investment Bank Limited
 Escorts Investment Bank Limited
 First Investment Bank Limited
 Discount and guarantee houses
 First Credit & Discount Corp Limited
 National Discounting Services Limited
 Speedway Fordmetall (Pakistan) Limited

Housing finance companies

 Asian Housing Finance Limited

 Pak Libya Mortgages
 Citibank Housing Finance Company Limited
 House Building Finance Corporation
 International Housing Finance Limited
 NRSP Micro Financ
 Micro finance banks limited

The First Micro Finance Bank Limited

Khushali Bank Limited

Karakuram Bank

Network Micro Finance Bank

Pak Oman Micro Finance Bank

Rozgar Micro Finance Bank, Karachi

Tameer Microfinance Bank Limited

Kashf Microfinance Bank Limited

slamic banks

Meezan Bank Limited-Premier Islamic Bank In Pakistan

AlBaraka Islamic Bank (Merged into Al Baraka Bank (Pakistan) Limited[13])

BankIslami Pakistan Limited

Dubai Islamic Bank Pakistan limited

Dawood Islamic Bank Limited

Emirates Global Islamic Bank Limited (Merged into Al BarakBank (Pakistan) Limited

 Upcoming transactions in process

 Al Baraka Islamic Bank, Dubai will acquire Emirates Global Islamic Bank, Pakistan

 Qatar Islamic Bank is looking to expand its operation in Pakistan in the cities
of Karachi, Lahore and Islamabad.
 Faysal Bank has signed sale agreement with The Royal Bank oScotland - Pakistan .The
Royal Bank of Scotland - Pakistan 
 Bank Islami is acquiring emirates global islamic bank , it has submitted its papers to
SECP for finalizing.
 Economy of Pakistan
 Islamic banking
 Index of the Karachi Stock Exchange

External links

 State Bank of Pakistan

 Banks in Pakistan with products they offer
 Banks in Pakistan database
 Banks in Pakistan
 The Pakistan Credit Rating Agency Limited
 Pakistani Banks
 Silkbank Limited