Muhammad Aurangzeb, President & CEO - HBL (Sitting on the left) and Tian Bing, CFO Middle East Region – Huawei (Sitting on the Right) signing the MoU between the two organizations

Karachi, 9 March 2021

HBL and Huawei Pakistan signed a Memorandum of Understanding (MoU) to cement their strategic partnership, through projects focused on financial and technological innovation, enabling HBL to augment its existing processes and systems. Both organizations have already completed milestone projects in 2020, such as the Promissory Note discounting project and the SD-WAN projects.

Muhammad Aurangzeb, President & CEO, Sagheer Mufti, Chief Operating Officer, Aamir Irshad, Head Corporate, Commercial & Investment Banking, Farhan Talib, Regional General Manager, China and Singapore, Dr Aamir Matin, Head Technology, Muhammad Nassir Salim, Head Global Operations and Walid Kouba, Regional General Manager, Gulf represented HBL at the occasion. Tian Bing, CFO Middle East Region, David Shi, President Middle East Enterprise, Mark Meng, CEO Huawei Pakistan, and Shahzad Rasheed, Chief Technical Officer represented Huawei. During the ceremony, an HCIE Certification was also awarded to Mr. Naveed Hussain, who is part of HBL’s network team.

Both organizations agreed to work together to focus on technological innovation in digital banking, mobile payment systems, and the cloud platform.

Muhammad Aurangzeb, President & CEO - HBL commenting on the occasion stated, “We are delighted to enter into a global strategic partnership with Huawei with whom HBL has collaborated on a number of successful projects in the past year. HBL’s relationship with Huawei signals our commitment to becoming a “Technology Company with a Banking License,” allowing us to serve our customers better. It is also an affirmation of our commitment to making China the lynchpin of HBL’s international strategy, as we grow our business and portfolio in that region.”

Adding to his sentiments, CFO Middle East Huawei stated, “Our achievements cannot be realized without the support from HBL, our strategic bank partner.” Further adding, “Since 2019, we have comprehensive business cooperation with HBL on sales financing projects, banking services, while also delivering the SD-WAN project.”