KARACHI: Habib Bank Limited (HBL) became the first Pakistani bank to open a branch in Beijing, a statement said.
HBL Beijing offers a full range of products and services for the bank’s esteemed clients, it added. HBL’s presence in China will allow the bank to interact with State-Owned Enterprises (SOEs) and leading financial institutions involved in CPEC and across Belt and Road Initiative (BRI) corridors.
Upon commencement of business, HBL Beijing has become the second branch and its managing branch in China; both branches in Beijing and Urumqi are equipped with foreign exchange and RMB licence to better facilitate customers’ requirements in multiple currencies.
HBL remains grateful to the governments of Pakistan and China and the regulators for the trust and confidence they have reposed on the bank, through the opening of the branch, it said. China is a very important market for HBL not only in terms of the business in China and CPEC but also for the Chinese companies working on projects in countries across the HBL network.
The inauguration ceremony for HBL Beijing was attended by clients, regulators, and senior executives of the bank from across HBL’s international network.
A jeweller waits for a customers at a shop in Karachi on June 26, 2024. — AFPKARACHI: Gold prices increased by Rs400...
Traders displaying bananas during the auction as shopkeepers participate in the bidding of bananas at the Fruit Market...
Sterling pound banknotes and coins displayed on a table in London, UK, April 22, 2022. — AFPLONDON: Britain’s...
A representational image showing people shop at a market in Lahore. — AFP/FileLAHORE: The mindset of our businesses...
Prime Minister Shehbaz Sharif is presiding a meeting in Islamabad on April 3, 2024. —Facebook/ Mian Shehbaz...
Pakistan-China Joint Chamber of Commerce and Industry President Moazzam Ghurki. — PCJCCI websiteLAHORE: The...