Operations•4 min read
How to Open a Business Bank Account in Pakistan
Quick answer
To open a business current account in Pakistan, choose a bank, then submit your NTN, CNIC(s), proof of business (registration certificate, partnership deed, or SECP incorporation documents), a board resolution for companies, and business address proof. The bank completes KYC and activates the account, usually within a few days.
Step by step
- Pick a bank and account type. Compare current-account fees, minimum balance, digital banking, and merchant/payment services. Many SMEs prioritise good online banking and easy cheque/IBFT limits.
- Prepare documents. Sole proprietor: NTN, CNIC, business letterhead/stamp, and account-opening request on letterhead. Company: SECP incorporation certificate, MoA/AoA, NTN, board resolution, and directors' CNICs.
- Complete KYC. Provide proof of business address and expected turnover. The bank may verify your premises for higher-risk categories.
- Activate and set up. Fund the account, enable internet/mobile banking, and set up payment acceptance (IBFT, cards, or a payment gateway) if you sell online.
Frequently asked questions
+Can a freelancer open a business account?
Yes — freelancers commonly open a current account as a sole proprietor with an NTN, which also helps receive and document export earnings.
+Do I need a registered company first?
No, a sole proprietor can open a business account with just an NTN and CNIC, but a company needs its incorporation documents.
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