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HBL Recognized as Leading Remittance Mobilizing Bank of Pakistan

01:43 PM | 12 Dec, 2023
HBL Recognized as Leading Remittance Mobilizing Bank of Pakistan
Source: Khaqan Mohammed Khan, Global Head FI & GRB – HBL received the award on behalf of the Bank during the 3rd Pakistan Remittance Summit in Kuala Lumpur, Malaysia. Senior members of the Bank were also present on this occasion.

KARACHI - HBL has been recognized by the Pakistan Remittance Initiative (PRI) as the “Leading Remittance Mobilizing Bank of Pakistan”. The Bank was recognized for its exceptional contribution to channelling over $2 billion (FY2023) in remittances to Pakistan. The award was presented at the 3rd Pakistan Remittance Summit in Kuala Lumpur, Malaysia, held under the patronage of the State Bank of Pakistan (SBP).

Pakistan Remittance Summit brings together leaders and innovators at the forefront of the biggest remittance companies from Pakistan. The event explores the infinite possibilities of Pakistan's future with innovators, creative minds, and progressive thinkers of the financial industry. 

Regarding recognition, Abrar Ahmed Mir, Chief Innovation and Financial Inclusion Officer – HBL, said, “We understand the importance of remittances in supporting the Pakistani economy. We are committed to providing fast, secure, and affordable remittance services that make it easy for overseas Pakistanis to send money back home. With our extensive network of branches and partnerships, innovative digital platforms, and unwavering dedication to customer service, we’re proud to be the trusted partner for Pakistanis worldwide.”

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan - Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 24 Feb 2024

Pakistani currency remains largely stable against US dollar and other currencies in the open market on February 24, 2024.

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.55 for selling.

On Saturday, Euro stands at 302  for buying and 305 for selling while British Pound rate stands at 352.5 for buying, and 356 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 24 February 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.5 282.55
Euro EUR 302 305
UK Pound Sterling GBP 352.5 356
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.37
Thai Bhat THB 7.79 7.94

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