KARACHI (PR) Citibank (Pakistan Operations) has announced that it has entered into an agreement with HBL to sell its Credit Card and Consumer Lending portfolio in Pakistan.

Citi Pakistan will work with HBL to ensure a smooth handover during the transition period. The announcement was made at a signing ceremony attended by HBL & Citi Pakistan representatives. Speaking at the occasion, Nauman Dar, President & CEO of HBL said, HBL will continue to be a key developer of consumer finance products in Pakistan. The acquisition is part of this commitment and ties in with the bank’s mission of creating value for stakeholders, especially our customers.”