Tag: HBL

HBL becomes first Pakistani bank to get branch license in Beijing, China

HBL has become the first Pakistani bank to be awarded the much-coveted branch license to offer financial services to clients in Beijing, China. The branch license was awarded by China Banking and Insurance Regulatory Commission (CBIRC) in December 2019. The preparatory work of setting up the HBL Beijing branch is now underway. 

Multan Sultans participated in PSL4 without depositing franchise fee

The Pakistan Super League (PSL) franchise Multan Sultans apparently participated in fourth season of HBL PSL without depositing mandatory franchise fee. Reportedly, the annual amount of $6.35 million, needs to be deposited before start of the season. However, four months having gone by and the Multan Consortium, led by Ali Khan Tareen has not made payment to Pakistan Cricket Board (PCB).