HBL, BOC ink MoU for strategic cooperation

Islamabad: Pakistan’s Habib Bank Limited (HBL) and Bank of China (BOC) formally entered into a Memorandum of Understanding (MoU) for Strategic Cooperation at the BOC headquarters.

This MoU underscores the commitment of HBL and BOC to advancing economic empowerment and regional connectivity, the HBL said in a statement issued here.

The strategic cooperation outlined in the memorandum is designed to facilitate seamless trade opportunities, offering significant benefits to businesses across South Asia, the Middle East, Central Asia, and Africa.

Both financial institutions will collaborate to deepen their strategic ties in the realms of Environmental, Social, and Governance (ESG), technology, and training initiatives.

The MoU aims to strengthen the bonds between financial institutions in Pakistan and China, with a focus on enhancing trade infrastructure.

Ultimately, the collaborative efforts seek to promote economic growth and development by fostering increased regional trade activities between the two nations.