KARACHI, May 14: Habib Metropolitan Bank (HMB) and Citibank N.A. Pakistan (Citi) announced the signing of an Asia Letter of Credit Relay Programme Agreement that will allow the HMB to access Citi’s centralised processing platform in Penang Malaysia and efficiently manage its LC’s across the Asian region.

The agreement is one of the first whereby a Pakistani bank will conduct trade business in Asia by leveraging on Citi’s processing platform.