SBP Allows HBL to Set Up Agri Subsidiary

Habib Bank Limited (PSX: HBL) has been granted approval by the State Bank of Pakistan (SBP) for the incorporation of ‘HBL Zarai Services Limited’, the bank informed the Pakistan Stock Exchange on Friday.

HBL Zarai  Services Limited will be a wholly-owned subsidiary of the Bank, subject to compliance with all applicable laws/regulations, the filing stated.

Notably, HBL plans to incorporate the entity to promote the agriculture sector of Pakistan.

Habib Bank Limited is incorporated in Pakistan and is engaged in commercial banking-related services in Pakistan and overseas. The Aga Khan Fund for Economic Development (AKFED), S.A. is the parent company of the Bank and its registered office is in Geneva, Switzerland.

Follow ProPakistani on Google News & scroll through your favourite content faster!

Support independent journalism

If you want to join us in our mission to share independent, global journalism to the world, we’d love to have you on our side. If you can, please support us on a monthly basis. It takes less than a minute to set up, and you can rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.


  • Excellent 👍 initiative by HBL. Other major banks should follow it for the real turnaround in agriculture sector. In Sha Allah!!!


  • Get Alerts

    Follow ProPakistani to get latest news and updates.


    ProPakistani Community

    Join the groups below to get latest news and updates.



    >