Search results
Results from the WOW.Com Content Network
According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [10] During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion.
[7] [8] The UAE has pledged support to Pakistan's Gwadar Port project, [9] and is assisting in the construction of a desalination plant in the city. [10] As of 2019, relations again began to improve substantially, with the UAE willing to invest $5 billion in Pakistan's Balochistan province, in order to build an oil refinery. [11] [12]
Head Office (in UAE) Headquarters Stock code (if applicable) [2] [3] ... Dubai Karachi, Pakistan: PSX: HBL: Habib Bank A.G Zurich: Dubai Zürich, Switzerland:
More than 85% of the UAE's economy was based on oil exports in 2009. [2] [3] While Abu Dhabi and other UAE emirates have remained relatively conservative in their approach to diversification, Dubai, which has far smaller oil reserves, was bolder in its diversification policy. [4] In 2011, oil exports accounted for 77% of the UAE's state budget. [5]
1966, HBL opened the first of eight branches in the UAE. 1967 Hyder Mohamedali Habib founded Habib Bank AG Zurich Zurich. After Pakistan nationalised Habib Bank Ltd in 1974, this became the main branch of the family-held Habib Bank. [20] 1969, HBL opened the first of three branches and an OBU (Offshore Banking Unit) in Bahrain. However, the ...
In 1921, his four sons joined the business, and Habib & Sons was established, which eventually transformed into today's HBL Pakistan or Habib Bank Limited. [1] [6] The House of Habib occupies a significant place in Pakistan's early history. Habib Bank was relocated to Pakistan at the personal request of its first Governor General Mohammad Ali ...
The underwater storage was a world first, as before that time, offshore oil production had been channeled to onshore storage and tanker loading facilities. [1] The first of these underwater holding tanks, called " Khazzan ", was completed in 1969, the date the first barrel of oil was shipped from the field to world markets on September 22, 1969.
Oil reserves in the United Arab Emirates, according to its government, are about 107 billion barrels, almost as big as Kuwait's claimed reserves. [1] Of the emirates, the Emirate of Abu Dhabi has most of the oil with 92 billion barrels (14.6 × 10 ^ 9 m 3) while the Emirate of Dubai has 4 billion barrels (640 × 10 ^ 6 m 3) and the Emirate of Sharjah has 1.5 billion barrels (240 × 10 ^ 6 m 3 ...