Pakistan News

    Al Habib Metropolitan Bank Pakistan Branch

  • Habib Bank to open branch in China

    KARACHI: Habib Bank Limited on Monday announced it had received a licence to open a branch in China, a move that would make it the first South Asian lender to operate in the world’s number two economy...

    HBL said it would open a branch in Urumqi, the largest city in the province of Xinjiang, which lies along the traditional Silk Route and borders Pakistan...

  • Habib Metropolitan to launch another Rs300m modaraba

    ISLAMABAD: The Habib Metropolitan Modaraba Management Company Pvt Ltd (HMMMCPL) has been issued formal authorisation by the SECP to float another modaraba of Rs300 million under the name of ‘Habib Metro Modaraba’...

    A wholly owned subsidiary company of Habib Metropolitan Bank Limited (HMBL), HMMMCPL is currently managing First Habib Modaraba which is listed on the stock exchange...

  • Bank of China to open first branch in Pakistan

    Bank of China (BoC) will be setting up its first branch in Pakistan as it has received its banking license from the State Bank of Pakistan (SBP)...

    Finance Minister Ishaq Dar met with Bank of China Chairman Tian Guo Li in Beijing, where the latter was invited to visit Pakistan to inaugurate bank's first branch in Pakistan, expected to be set up in Karachi...

  • IFC to make $75m equity investment in Habib Bank

    ISLAMABAD: The International Finance Corporation (IFC), an affiliate of the World Bank, has announced to make equity investment of up to $75 million in Habib Bank Ltd (HBL) through purchase of secondary shares divested by the government...

    Moreover, the equity participation of IFC will posi­tively influence the perception of local and international investors regarding HBL and Pakistan...

  • Habib Bank acquires 51pc FMFB shares

    KARACHI: Habib Bank Limited (HBL) said on Wednesday that it has acquired 51 per cent majority shareholding in the First Micro-Finance Bank Limited (FMFB), the oldest microfinance bank in Pakistan with presence in over 150 locations covering 66 districts...

    A press release issued by the bank said the FMFB’s roots lie in the credit and savings programmes of the Aga Khan Rural Support Programme (AKRSP) dating back to 1982...

  • Bank Al Habib declares 35pc dividend

    KARACHI: Shareholders of Bank Al Habib approved annual financial accounts for 2016 on Wednesday, according to a press release...

    The payment of 35 per cent final cash dividend was also approved in the bank’s annual general meeting held at its registered office in Multan...

  • Former NBP president arrested on corruption charges involving bank's Bangladesh branch

    The National Accountability Bureau (NAB) on Friday arrested former National Bank of Pakistan (NBP) president Syed Ali Raza on charges of corruption after the Sindh High Court turned down Raza's bail request...

    The National Accountability Bureau (NAB) had filed a reference against the former NBP chief and other officials for allegedly misusing their authority by granting and revising financing facilities in the NBP Bangladesh branch...

  • Bank of China to open branch in Gwadar soon

    GWADAR: The Bank of China, along with other national and international banks, plans to open a branch in Gwadar, said Gwadar Port Authority Chairman Dostain Khan Jamaldini in a meeting with the president of the Summit Bank, Zaheer Esmail, here on Thursday...

    Mr Jamaldini claimed that with the Gwadar Deep Seaport becoming operational, several of the country’s commercial banks were interested in opening branches in the port city and the...

  • Rs540,000 looted from bank branch in Ranchhore Line

    KARACHI: More than half a dozen armed robbers stormed into a private bank branch in Ranchhore Line on Tuesday and walked off with half a million rupees in this year’s eighth such heist in the city, officials said...

    They added that over six armed motorcyclists pulled up at Summit Bank near Lakh Pati Chowk in Ranchhore Line and four of them disarmed a security guard deputed at its entrance...

  • Iranian bank to open branch ‘very soon’: CG

    LAHORE: An Iranian bank will open its first branch in Karachi “very soon,” as the State Bank of Pakistan (SBP) and the Central Bank of Iran have already finalised all modalities, according to Iranian Consul General Mohammad Hossein Bani Asadi...

    Speaking at the Lahore Chamber of Commerce and Industry (LCCI) on Tuesday, Mr Asadi said Iran wants to be a part of the China-Pakistan Economic Corridor (CPEC)...

  • What happened to the Islamabad Metropolitan Corporation?

    His mistrust is not completely misplaced: the federal government has failed to transfer assets and responsibilities from the Capital Development Authority (CDA) and Islamabad Capital Territory (ICT) admin to the newly-formed Islamabad Metropolitan Corporation...

    “It is ironic that this delay in the distribution of assets and departments between the metropolitan corporation and the CDA/ICT has increased anxiety among voters, who have...

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