KARACHI (PR):  Habib Bank Limited recently signed an agreement with Daewoo Pakistan Express Bus Service, the first and largest foreign investment company with an advanced and organised transport system in Pakistan, to provide state-of-the-art electronic cash management solutions. The agreement was signed by Mr. Faiq Sadiq, Head - Payment Services HBL and Mr. Faisal Siddiqui, Director - Investment Planning Daewoo Express Bus Service Ltd.
Under the agreement, HBL will provide electronic and alternate delivery channels to Daewoo Pakistan including Cash-in-Transit (CIT) management, pan-Pakistan ATM deployment and other electronic banking services.  Also, as part of the agreement, HBL recently installed 12 ATMs at Daewoo terminals, with 10 more ATMs to be installed over the next few months. Addressing the occasion, Faiq Sadiq, Head, Payment Services said “HBL has always been at the forefront in delivering and meeting the demands of customers. This agreement is a beginning of a strategic relationship with Daewoo which will bring innovative solutions that meet the banking needs of our customers.”