HBL represents Pakistan at BRI forum in China

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A high-powered delegation from Habib Bank Limited (HBL) its President and CEO HBL Muhammad Aurangzeb attended the financial forums held under the aegis of 2nd Belt and Road (BRI) Forum for International Cooperation, in Beijing, China from April 25-27.

HBL was a guest of the Chinese Ministry of Finance and People’s Bank of China.

While in China, Muhammad Aurangzeb, attended the 2nd Belt and Road Bankers Roundtable. The event was hosted by ICBC and participated by the leading banks from BRI countries.

Seen in the picture (front row) are Mr. Chen Yulu, Deputy Governor, People’s Bank of China (6th from right), Dr. Ma Jun, Chairman China’s Green Finance Committee (6th from left), Ms. Catherine McGuiness, Chair of Policy at City of London Corporation (5th from left) and Mr. Muhammad Aurangzeb, President & CEO HBL (third from left) and other participants of the forum.

Being the only panelist from Pakistani banks who spoke at the panel, Aurangzeb stressed on exploring proactive measures to strengthen cooperation in green finance development, risk management and project governance and raising capacity and service standards to better empower Belt and Road cooperation.

HBL CEO Muhammad Aurangzeb also attended the Financial Connectivity forum which was hosted jointly by Chinese Ministry of Finance and People’s Bank of China.

At the forum, 27 global institutions signed up to a set of voluntary principles, the Green Investment Principles (GIP), to promote green investment in the Belt and Road region.

HBL represented Pakistan on the forum as the only commercial bank from Pakistan and signed two agreements.

Sharing his thoughts on the occasion, Aurangzeb said, “It is a great initiative taken by China Green Finance Committee and city of London for this GIP signing. As Pakistan’s largest Bank, and the largest executor of CPEC related financing in Pakistan, HBL is positioned to play an integral role towards a greener CPEC, with the ultimate goal of a greener BRI.”

 

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