Pakistan's Habib Bank Limited on Monday announced it had received a licence to open a branch in China, a move that would make it the first South Asian lender to operate in the world's number two economy.
ISLAMABAD: Following the revision of Pakistan’s foreign currency government bond rating outlook to stable from negative, the Moody’s Investors Service affirmed the B3 long-term local-currency deposit ratings of five Pakistani banks and changed the outlook on these ratings to stable from negative, ARY News reported.