KARACHI, July 14, 2020: Soneri Bank Limited and HBL Asset Management Limited have signed a landmark agreement for distributing investment products through Soneri Bank’s branch network. The signing ceremony was held in Soneri Bank Head Office Karachi and attended by the CEOs of both organizations along with Senior Executives. Under the said agreement Soneri Bank…
KARACHI, July 12, 2020: Some Rs 1.68 billion penalty has been imposed by the central bank on 15 bank for on deficiencies in regulatory compliance and does not constitute a comment on the financial Soundness Of the entity. These fines were imposed on United Bank Ltd, JS Bank Ltd, Meezan Bank Ltd, Faysal Bank Ltd,…
Karachi, June 23, 2020: Transfast, a leading cross-border payments service provider with presence in over 140 countries, has partnered with Habib Bank Limited (HBL), the largest commercial bank with over 1700 branches in Pakistan, to facilitate expatriates around the globe to send money to Pakistan. The remittance facility between Transfast and HBL is now available…
Karachi, June 08, 2020: HBL and the Pakistan Post Office Department (PPOD) have entered into a 20-year strategic alliance to further financial inclusion by leveraging digital technology. Under this agreement, HBL will provide investments in the form of technology, infrastructure and capacity enhancement to the PPOD with the objective of enabling, technology based and regulatory…
Karachi, May 20, 2020: Daraz and HBL have signed a strategic partnership agreement to enable the growth of Small and Medium Enterprises (SMEs) by inviting SMEs to set up online shops on Daraz, and avail HBL’s extensive banking solutions to meet their financial needs. HBL is Pakistan’s largest bank and a leader in the SME…