Habib Bank Limited (HBL) represents Pakistan at 2nd Belt and Road Forum

Habib Bank Limited (HBL) represents Pakistan at 2nd Belt and Road Forum

KARACHI: A delegation from Habib Bank Limited (HBL) led by its president and Chief Executive Officer (CEO) HBL Muhammad Aurangzeb attended the financial forums held under the aegis of 2nd Belt and Road (BRI) Forum for International Cooperation, in Beijing from April 25-27. HBL was a guest of the Chinese Ministry of Finance and People’s Bank of China.

While in China, Muhammad Aurangzeb, attended the 2nd Belt and Road Bankers Roundtable. The event was hosted by ICBC and participated by the leading banks from BRI countries.

Being the only panelist from Pakistani banks who spoke at the panel, Aurangzeb stressed on exploring proactive measures to strengthen cooperation in green finance development, risk management and project governance and raising capacity and service standards to better empower Belt and Road cooperation.

At the forum, 27 global institutions signed up to a set of voluntary principles, the Green Investment Principles (GIP), to promote green investment in the Belt and Road region.

HBL represented Pakistan on the forum as the only commercial bank from Pakistan and signed two agreements.

Sharing his thoughts on the occasion, Aurangzeb said, “It is a great initiative taken by China Green Finance Committee and city of London for this GIP signing. As Pakistan’s largest Bank, and the largest executor of CPEC related financing in Pakistan, HBL is positioned to play an integral role towards a greener CPEC, with the ultimate goal of a greener BRI.”