Tue, 21-Oct-2025

HBL’s centralised system breakdown still haunt customers

HBL

KARACHI: Millions of customers of the largest private sector bank of Pakistan, Habib Bank Limited (HBL), are facing difficulties for the third consecutive day on Thursday after its centralised system broke down on January 4, 2022. The system went completely out of the customers’ reach, depriving them from making transactions on both online and manual … Read more

Hascol offers settlement of Rs54.5 billion loan default

Hascol Petroleum

KARACHI: Hascol and its sponsors Vitol Dubai have proposed to settle the Rs54.5 billion loan over a period of 12 years, which Hascol obtained from 19 local banks and then defaulted on. Hascol, over a period of time, secured this loan on the basis of hypothetical collateral, i.e., Hascol’s running fuel inventories, which were to … Read more