The Bank AL Habib Limited run by the Dawood Habib family group of companies is one of the growing banks in Pakistan. It was selected as one of the top 200 Best Under A Billion companies by Forbes Asia in their annual review of 2005. The bank's head office is located in the city of Multan in Punjab, but its principal office is located in Karachi. Presently, the Bank has a network of more than 200 branches in all the major cities of Pakistan. Habib Group were pioneers in introducing banking to Pakistan. Their involvement in banking services dates back to 1930s. They successfully launched Habib Bank, which was nationalized in 1971 and is still one of the largest banks in Pakistan; since 2002 it has been jointly owned by the government and with the Aga Khan Fund for Economic Development. After the privatization scheme announced in 1991 by the Pakistani Government, Habib Group were the first to be granted permission to start a private bank, the Bank AL Habib Limited.
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