Al Ahalia Money Exchange Bureau has entered into a direct partnership with Habib Bank Limited (HBL) Pakistan to facilitate cross-border remittances, marking a significant step toward strengthening remittance corridors between overseas markets and Pakistan. The collaboration is aimed at enhancing the speed, security and reliability of money transfers for customers sending funds to Pakistan.
The strategic tie-up was formalised with the participation and support of senior representatives from both organisations, reflecting a shared commitment to improving remittance services and customer experience. From Habib Bank Limited, the partnership was represented by Syed Ahsan Abbas Abedi, Head of Global Remittance Business, Muhammad Mushtaq Ahmed, Team Lead UAE for Global Remittance Business, and Waqar Ahmad, Relationship Manager for Global Remittance Business. Al Ahalia Money Exchange Bureau was represented by Salman Khalid, Deputy General Manager, and Amir Iqbal, Business Development Manager.
Under the arrangement, customers of Al Ahalia Money Exchange Bureau will be able to send funds directly to Pakistan through HBL’s banking network. The integration allows remittances to be credited directly into HBL accounts as well as across Pakistan, improving reach and convenience for beneficiaries. The direct tie-up is expected to reduce processing times and enhance transaction transparency, addressing key concerns of overseas Pakistanis and other remittance senders.
The partnership also offers customers access to competitive exchange rates, an important consideration in the remittance market where pricing plays a decisive role in customer choice. By leveraging HBL’s extensive domestic banking footprint and Al Ahalia’s remittance operations, the collaboration aims to deliver a seamless and efficient end-to-end remittance experience.
Officials familiar with the development noted that the agreement aligns with broader trends in the financial services sector, where exchange companies and banks are increasingly working together to modernise cross-border payment channels. Such partnerships support the shift away from informal transfer mechanisms toward regulated, technology-enabled solutions that improve financial transparency and security.
For Pakistan, remittances remain a critical source of foreign exchange and household income. Strengthening formal remittance channels through direct institutional tie-ups is seen as essential for sustaining inflows, enhancing financial inclusion, and supporting the country’s external sector stability. The Al Ahalia–HBL partnership contributes to these objectives by expanding access to formal banking channels for remittance beneficiaries.
Al Ahalia Money Exchange Bureau said it remains committed to delivering a safe, convenient and reliable remittance experience for its customers and their families in Pakistan. The company highlighted that the new arrangement reinforces its focus on customer-centric services and continuous improvement in remittance delivery.
Habib Bank Limited, one of Pakistan’s largest banks, continues to expand its global remittance partnerships as part of its strategy to strengthen inbound flows and provide efficient payment solutions to overseas Pakistanis. The tie-up with Al Ahalia Money Exchange Bureau adds another channel to HBL’s global remittance network.
Customers have been encouraged to visit their nearest Al Ahalia branch or contact the company for further information on the new remittance facility. The partnership is expected to play a positive role in enhancing cross-border payment efficiency while reinforcing trust in formal remittance systems.
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