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PAKISTAN'S HABIB BANK ACQUIRES BALANCE OF US$100 MLN PARCO LOAN.
(From Asia Pulse)
KARACHI, Oct 3O Asia Pulse - Habib Bank Limited (HBL) has acquired the outstanding balance of Pak Arab Refinery Limited (PARCOS) $100 million loan from Marubeni Corporation, Japan in a groundbreaking transaction initiated by HJBL Investment Banking Division for its offshore banking unit in Bahrain.
Present at the signing ceremony held at HBL Plaza, Karachi were Zakir Mahmood President and CEO-HBL, Shahid K. Hak, Managing Director PARCO, Anwar Ahmed, General Manager Finance …
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