Pakistan’s Habib Bank has opened a branch in Urumqi, capital of northwest China’s Xinjiang Uyghur Autonomous Region.
Habib Bank is the first foreign bank of Pakistan on the Silk Road Economic Belt to establish a branch in China.
Established in 1947, Habib Bank is Pakistan’s biggest commercial bank, accounting for more than 40 per cent of the country’s bank market.
Habib Bank also signed a $500 million cooperation deal with China Export & Credit Insurance Corporation at the expo.
