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HBL Microfinance Bank continues leading the Microfinance Banking Sector

09:37 PM | 1 Dec, 2023
HBL Microfinance Bank continues leading the Microfinance Banking Sector
Source: Mr. Mohammad Amir Khan, CEO & President, HBL Microfinance Bank, receives the Best Microfinance Bank Award from Mr. Jameel Ahmed, Governor, State Bank of Pakistan at the Pakistan Banking Awards 2023.

ISLAMABAD - HBL Microfinance Bank (HBL MfB) has won the ‘Best Microfinance Bank’ award at the Pakistan Banking Awards hosted by the Institute of Bankers Pakistan (IBP), for the second consecutive year.

This accolade underscores the Bank's contribution to responding to poverty and contributing to the social and economic well-being of Pakistanis through its innovative suite of digitally-enabled products. In its journey spanning more than two decades, HBL MfB has evolved from its humble origins in Gilgit, to being recognised as the Best Microfinance Bank of Pakistan by winning awards by two esteemed bodies, both in 2022 and 2023.

As the forefront microfinance institution in the country, HBL MfB plays a pivotal role in the financial empowerment of Pakistan by delivering cutting-edge financial solutions. In 2022, the Bank grew its lending portfolio by nearly 50%, to Rs. 88 billion and its deposits by 27% to Rs 116 billion. The Bank’s strength lies in being trusted by over 3 million customers. With a nationwide footprint of 217 locations and several awards under its belt, the Bank is leading the microfinance space.

Basking in its well-deserved reputation for resilience, stability, and strength, HBL Microfinance Bank acknowledges that the journey is far from over. With steadfast determination and a vision for a brighter future, the Bank stands ready to perpetuate its transformative journey, extending hope and financial empowerment to countless more underprivileged households in the years ahead. 

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 Feb 2024

Pakistani currency remains momentum against US dollar in the open market on February 28, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar moves up and currently hovers at 282 for buying and 282.25 for selling.

Euro currently stands at 303.1 for buying and 306.1 for selling while British Pound rate stands at 351.6 for buying, and 355.1 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 28 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 282 282.25
Euro EUR 303.1 306.1
UK Pound Sterling GBP 351.6 355.1
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.25 75.05
Australian Dollar AUD 181.1 183.1
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207.1 209.1
China Yuan CNY 38.87 39.27
Danish Krone DKK 40.61 41
Hong Kong Dollar HKD 35.75 36.1
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.5 59.1
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.41 26.71
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207.15 209.15
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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