HBL, Bank of China sign MoU for strategic cooperation

BEIJING, Nov 16 (INP): Habib Bank Limited (HBL) and Bank of China (BOC) signed a Memorandum of Understanding (MoU) for Strategic Cooperation to enhance regional trade, here at the BOC headquarters.

The signing of the strategic cooperation memorandum signifies HBL and BOC’s commitment to driving economic empowerment and regional connectivity.

The cooperation between the two will facilitate seamless trade opportunities, benefiting businesses in South Asia, the Middle East, Central Asia, and Africa, Gwadar Pro reported on Thursday.

Both organizations will also work to deepen strategic cooperation in the areas of Environmental, Social & Governance (ESG), technology, and training.

The MoU would also aim to foster stronger ties between financial institutions in both countries, improve trade infrastructure, and ultimately will promote economic growth and development through increased regional trade activities.