November 15, 2023 (MLN): In a landmark development, Habib Bank Limited (PSX: HBL) and the Bank of China (BOC) signed a Memorandum of Understanding (MoU) on strategic cooperation this morning in Beijing, as revealed in a press release issued by HBL today.
This MoU covers linkages in areas relating to trade, investment, sustainability, agriculture technology, and capacity building.
The signing of the strategic cooperation memorandum signifies HBL and BOC’s commitment to drive economic empowerment and regional connectivity.
The cooperation between HBL and BOC will facilitate seamless trade opportunities, benefiting businesses in South Asia, the Middle East, Central Asia, and Africa.
Both organizations will also work to deepen strategic cooperation in the areas of Environmental, Social & Governance (ESG), technology, and training.
Bank of China is a premier bank in China with a presence in over 60 markets around the world while HBL serves over 15 global markets with dedicated China desks and branches in Beijing and Urumqi.
