KARACHI, Nov 12: Citibank N.A. (Pakistan Operations) on Monday officially announced that it had entered into an agreement with Habib Bank Limited to sell its Credit Card and Consumer Lending portfolio in Pakistan.

Citi Pakistan will work with HBL to ensure a smooth handover during the transition period,” said a press release issued by the bank.

The announcement was made at a signing ceremony held in Karachi, attended by HBL and Citi Pakistan representatives.