Karachi: Habib Bank (Pvt) Ltd (HBL) opened a branch in Gwadar Free Zone on January 29, reported a news source. With this, it becomes the first bank to open a branch in China, as well as in the emerging port city of Gwadar.
HBL is also the first Pakistani bank to allow the opening of a CNY account, as this will facilitate business activities linked with the China-Pakistan Economic Corridor. The inauguration of the bank branch was done by the Chinese Ambassador Yao Jing.