HBL Signs Strategic Partnership Agreement with Daewoo Pakistan Express

Habib Bank Limited (HBL), Pakistan’s largest bank, recently signed an agreement with Daewoo Pakistan Express Bus Service Ltd., the largest foreign investment company with an advanced and organised transport system in Pakistan, to provide state-of-the-art electronic cash management solutions. Picture shows Mr. Faiq Sadiq (2^nd from left), Group Head-Payment Services, HBL and Mr. Faisal Siddiqui (2^nd from right), Director Investment Planning, Daewoo Pakistan Express Bus Service Ltd signing the agreement. Also seen in the picture are Ms. Sobia Chughtai (right), Head Corporate Lahore, HBL and Mr. Khurram Shaukat (left), DGM Syndication HBL along with other senior representatives of both the organizations.

Karachi April 19, 2013: Habib Bank Limited (HBL), Pakistan’s largest bank, recently signed an agreement with Daewoo Pakistan Express Bus Service Ltd., the first and largest foreign investment company with an advanced and organised transport system in Pakistan, to provide state-of-the-art electronic cash management solutions. The agreement was signed by Mr. Faiq Sadiq, Head - Payment Services HBL and Mr. Faisal Siddiqui, Director - Investment Planning Daewoo Express Bus Service Ltd. 

Under the agreement, HBL will provide electronic and alternate delivery channels to 

Daewoo Pakistan, including Cash-in-Transit (CIT) management, pan-Pakistan ATM deployment and other electronic banking services. Also, as part of the agreement, HBL recently installed 12 ATMs at Daewoo terminals, with 10 more ATMs to be installed over the next few months. 

Addressing the occasion, Mr. Faiq Sadiq, Head - Payment Services said “HBL has always been at the forefront in delivering and meeting the demands of customers. This agreement is a beginning of a strategic relationship with Daewoo which will bring innovative solutions that meet the banking needs of our customers.” 

Mr. Faisal Siddiqui expressed his gratitude upon entering into this relationship with HBL. “We are extremely happy and excited to partner with Pakistan’s largest bank. Daewoo Pakistan Express Bus Service operates over 350 departures a day, with over 40 destinations all over the country. The company is pleased to partner with HBL on a variety of banking solutions that would help enhance service offering to customers,” concluded Mr. Siddiqui.