Introduction: Habib Bank Limited (HBL) is one of Pakistan’s premier financial institutions, with a rich history spanning over seven decades. His initiative resulted in the creation of Habib Bank in 1941, with head office in Bombay (now Mumbai), and fixed capital of 25,000 rupees. After the formation of Pakistan in 1947, Habib Bank moved its headquarters to Karachi. HBL has played a pivotal role in the country’s economic growth and has expanded its presence globally. Introduction And History Of Habib Bank Limited HBL

Founded25 August 1941; 81 years ago
FounderMohammed Ali Habib and Dawood Habib
Native nameحبیب بینک لمیٹڈ
HeadquartersHabib Bank Plaza, Karachi-75650, Pakistan
Key peopleSultan Ali Allana (Chairman)
Muhammad Aurangzeb (President & CEO)
Sagheer Mufti (COO)
Neelofar Hameed (Company Secretary)
ProductsLoans, credit cards, debit cards, savings, consumer banking, business banking, Islamic banking, prestige banking, etc.
RevenueRs. 167.73 billion (US$580 million) – (2021)
Net incomeRs. 35.50 billion (US$120 million) – (2021)
Total assetsRs. 4286 billion (US$15 billion) – (2021)
Total equityRs. 283.68 billion (US$980 million) – (2021)
Number of employees21,703 (2021)
ParentAga Khan Fund for Economic Development


HBL’s roots can be traced back to the pre-independence era when it was founded by Habib Esmail, a trusted companion of Muhammad Ali Jinnah, the founder of Pakistan. On August 25, 1947, HBL commenced its operations in Karachi, becoming the first commercial bank to be established in Pakistan. With its strong emphasis on customer service and financial stability, HBL quickly gained a reputation as a trusted banking institution.

International Expansion:

Recognizing the potential beyond its domestic market, HBL embarked on a journey of international expansion. In 1961, HBL opened its first international branch in London, marking the beginning of its global footprint. Over the years, HBL expanded its operations to several countries, including the

  • United States
  • Canada
  • United Kingdom
  • United Arab Emirates
  • China
  • South Africa, and more.

In 1974, HBL became the first Pakistani bank to establish a branch in the United Arab Emirates, capitalizing on the growing economic opportunities in the Gulf region. This move laid the foundation for HBL’s extensive presence in the Middle East. Subsequently, HBL ventured into North America by opening branches in New York and Toronto, facilitating banking services for the Pakistani diaspora and international trade.

Throughout the years, HBL has continued to strengthen its international presence by establishing branches, subsidiaries, and representative offices. Today, HBL’s network spans over 25 countries, enabling it to cater to the banking needs of diverse customers and contribute to global trade and economic development.

Introduction And History Of Habib Bank Limited HBL


HBL offers a comprehensive range of financial services designed to meet the evolving needs of its customers. The bank’s services can be broadly categorized into

  • Personal Banking
  • Corporate Banking
  • Islamic Banking
  • Wealth Management
  • And Digital Banking solutions.

In personal banking, HBL provides various services, including

  • Savings Accounts
  • Current Accounts
  • Fixed Deposits
  • Loans
  • Credit Cards
  • And Investment Products.

HBL’s corporate banking division caters to businesses of all sizes, offering a wide range of services such as

  • Trade Finance
  • Cash Management
  • Project Financing
  • Treasury Operations
  • And Advisory Solutions.

The bank’s expertise in corporate banking allows it to support the growth and expansion of businesses across different sectors.

As a pioneer in Islamic banking, HBL offers a comprehensive suite of Shariah-compliant products and services through its dedicated Islamic banking window, HBL Islamic. These include

  • Islamic Accounts
  • Islamic Financing Solutions
  • Takaful (Islamic insurance)
  • and investment opportunities aligned with Islamic principles.

HBL has also embraced the digital revolution and provides robust digital banking solutions. Customers can access their accounts and perform a range of transactions through HBL Mobile and Internet Banking, ensuring convenience, security, and ease of use.

Introduction And History Of Habib Bank Limited HBL


HBL’s commitment to excellence has been recognized through numerous awards and accolades. The bank has received accolades for its financial performance, innovation, corporate governance, and contribution to society.

HBL has been consistently ranked among the top banks in Pakistan in terms of profitability, assets, and customer satisfaction. HBL has demonstrated its commitment to corporate social responsibility through various initiatives. The bank has received recognition for its contributions to education, healthcare, community development, and environmental sustainability.


Habib Bank Limited’s journey is characterized by its commitment to excellence, international expansion, and innovative banking solutions. From its inception in 1947, HBL has grown to become a trusted financial institution, expanding its footprint across multiple countries and serving diverse customer segments. With a comprehensive range of services and a focus on customer satisfaction, HBL continues to contribute to Pakistan’s economic growth and remains a symbol of trust and reliability in the global banking industry. Introduction And History Of Habib Bank Limited HBL