Karachi, The State Bank of Pakistan has officially approved Mr. Muhammad Nassir Salim to take over as President and CEO of Habib Bank Limited (HBL), according to a notice sent to the Pakistan Stock Exchange (PSE). This announcement follows a previous communication from HBL dated March 11, 2024, concerning the executive appointment.

The central bank's in-principle clearance was conveyed in a letter to HBL dated March 28, 2024, marking a significant step in the leadership transition at one of the country's largest banking institutions. This approval is a routine part of the process by which the State Bank of Pakistan ensures that major banks' leadership appointments meet the required criteria and standards for such significant positions.

HBL has communicated this update to the TRE Certificate Holders of the Exchange as required, indicating compliance with the regulatory requirements and transparency in its corporate governance practices.