HBL Fixed Income's International Investments team is part of the Rates desk within the Global Treasury. It is primarily responsible for deploying domestic foreign currency deposits of the Bank in market tradeable bonds and instruments. The objective of this desk is the optimal utilization of HBL’s foreign currency liquidity in order to maximize return to the Bank while not compromising on the credit quality of investments. The International Investments portfolio is one of the largest foreign currency fixed income portfolios in Pakistan. Using its expertise and the global network of counterparties, the team also assists in researching, sourcing and providing bonds and instruments to HBL's extensive off-shore Treasury units located in various international financial centers.. The team was the first in Pakistan’s Banking Sector to execute a repo transaction in which USD liquidity was generated for the Bank’s usage by leveraging (or borrowing against) the high credit quality of its existing bond portfolio.