Bank Al Habib Limited

The Bank AL Habib Limited, in Pakistan, is run by the Dawood Habib family group of companies. The bank's head office is located in the city of Multan in Punjab, but its principal office is located in Karachi. Presently, the bank has a network of 530+ branches (inclusive of sub branches) and offshore Banking Units in Bahrain, Turkey and EPZ. Habib Group 's involvement in banking services dates back to 1930s. They launched HBL Pakistan, which was nationalized in 1971 and is still one of the largest banks in Pakistan; since 2002 it has been jointly owned by the government and with the Aga Khan Fund for Economic Development. After the privatization scheme announced in 1991 by the Pakistani Government, Habib Group were the first to be granted permission to start a private bank, the Bank AL Habib Limited.