Hbl Group history

With this key factor in mind, HBL pioneered its first training program in 1946, in which Muslim youth were recruited after an extensive tour of leading academic institutions.

With a sizeable domestic share, HBL was nationalized in 1974.

HBL Power Systems Ltd is a listed Indian company, in business since 1977, with a focus on engineered products and services.

In 2003, under the government of General Musharraf a commission called Pakistan Privatization Commission was formed, under the leadership of Shaukat Aziz HBL, along with many other companies, was privatized and 51% of its shares were sold to Aga Khan Fund for Economic and Development (AKFED).

The Government of Pakistan (GoP) privatized HBL in 2004 through which Aga Khan Fund for Economic Development (AKFED) acquired 51% of the Bank’s shareholding and the management control.

GULF BATTERIES COMPANY LLC is a joint venture collaboration of HBL and was formed in the year 2009 in the Eastern province of the Kingdom of Saudi Arabia to manufacture specialised batteries under technology and brand license with HBL Power Systems Ltd.

Regional heads might require more resources so HR department arranges for that as well (Example quoted by S. Ali Raza Zaidi, VP, Personnel Division, HBL). For example: the functional head of retail banking sets their target to collect the deposits of Rs 25 million and now it is to be increased to 35 million by 2013.

In December 2019, HBL became the first Pakistani bank to be awarded the much coveted branch license to offer financial services to clients in Beijing.