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Meezan Freelancer Account is a Rupee and Foreign currency based personal account available as both Current and Savings variants and has been designed exclusively for freelancers. Freelancers can now easily receive their work payments / remittances directly into their personal accounts and enjoy various benefits of a full-fledged account.

Key Features

  • Foreign Currency (FCY)-based debit card**
  • Free Chequebook & Pay Orders
  • Free Online Branch Banking
  • Free Internet & Mobile Banking App
  • Inward Foreign Remittance
  • Attractive Conversion Rates
  • Opportunity to Invest in Meezan Bank’s Certificate of Islamic Investments (COIIs)
  • 50% waiver on Processing Fee of Car Ijarah, Apni Bike and Meezan Solar*
  • Exclusive discounted pricing on Consumer Products (Car Ijarah, Apni Bike and Meezan Solar*)
  • Collaboration with Pakistan Freelancers Association - PAFLA
  • Tax facilitation services by Befiler at discounted rates
Tax Facilitation Services Applicability Discounted Rates (Rs.)
One-time fee for NTN registration with FBR Non-Business Individuals 200
One-time fee for registration for both Income and Sales / Service Tax with FBR and / or Provincial Revenue Authority Business Individuals 3,000
Annual Income Tax Return (Per Return) Non-Business Individuals 2,000
Annual Income Tax Return (Per Return)
Only export (goods / services) based income - turnover up to Rs. 5 million Business Individuals 2,000
Local income or export-based income exceeding Rs. 5 million 3,000
Monthly Sales Tax Filing (Per Return)
Only export based income Individuals 1,000
Freelancer with local income 1,500
Other Local Business Income
Annual turnover up to Rs. 5 million Individuals 3,000
Annual turnover up to Rs. 10 million 6,000
Annual turnover exceeding Rs. 10 million 12,000

Disclaimer: The Bank's role will be restricted to offering customers the option to avail services from Befiler at a discounted price. Tax filing services will be provided solely by Befiler, and the final decision to avail these services rests with the customer.

*Terms and conditions apply

**Freelancers who have an Exporters’ Special Foreign Currency Account (ESFCA) with Meezan Bank are eligible to avail FCY Debit Card facility.

EXPORTER’S SPECIAL FOREIGN CURRENCY ACCOUNT – ESFCA

Freelancers can retain their inward remittances received against freelancing, in US Dollars, GBP & EURO by opening an Exporter’s Special Foreign Currency Account (ESFCA), at any Meezan Bank Branch.

This account enables freelancers to retain upto USD 5,000 per month or 50 percent of the freelancing remittance income, whichever is higher.

Note: Funds held in this account can be used for future outward remittance transactions or converted into PKR at any time.

Type of Accounts

Choose from Current or Savings Accounts as per your requirements

Currency of Account

Pakistani Rupee (PKR) as well as major foreign currencies of US Dollar (USD), Pound Sterling and Euro

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Mudarabah Basis

On agreeing to become a Freelancer Account holder, the customer enters into a relationship based on Mudarabah with Meezan Bank. Under this relationship, the customer is an Investor (Rab-ul-Maal) and the Bank is the Manager (Mudarib) of the funds deposited by the customers. The Bank allocates the funds received from the customers to a deposit pool; funds from the pool are utilized to provide financing to customers under Islamic modes that include, but are not restricted to Murabaha, Ijarah, Istisna and Diminishing Musharakah.

Qard Basis

Current Account (Pak Rupee / Foreign Currency) is based on Qard contract. The Bank can use these funds for investment and other purposes. This account allows you the peace of mind of having your money safely deposited with a bank with the additional assurance that the Bank is not investing your money in activities that contravene Shariah principles.