HBL and Mastercard Launch New Business Debit Cards for SMEs in Pakistan
HBL has partnered with Mastercard to introduce special Business Debit Cards for small and medium enterprises (SMEs), including entrepreneurs and sole proprietors. The bank has launched two types of cards – Classic and World Business Debit Card. This step shows HBL’s commitment to supporting local businesses and moving Pakistan towards a cashless economy.
Why It Matters
SMEs play a key role in Pakistan’s economy. With over 5 million SMEs, they provide almost 40% of the country’s GDP and create jobs for one-third of the workforce. To support this sector, HBL has already become the first bank to cross PKR 100 billion in SME lending and is also known for non-collateralized lending, making it easier for small businesses to access credit.
About the Business Debit Card
The new debit card will help SMEs handle daily transactions quickly and safely. As the largest debit card issuer in Pakistan, HBL wants to make payments simpler and expand digital banking for businesses of all sizes
The launch event took place at HBL Tower, Karachi, on 27 August 2025. It was attended by:
- Muhammad Nassir Salim, President & CEO – HBL
- Aamir Kureshi, Head of Products, Transactional Services & Solution Delivery – HBL
- J.K. Khalil, Division President, East Arabia – Mastercard
What Leaders Said
- Muhammad Nassir Salim (HBL CEO): “SMEs are vital for Pakistan’s economy. By providing them secure and simple payment tools, we are helping them grow and contribute to national progress.”
- J.K. Khalil (Mastercard): “Small businesses are the backbone of Pakistan. This partnership will boost digital transactions and strengthen economic resilience.”
- Aamir Kureshi (HBL): “With this debit card, we are extending support beyond lending, offering SMEs faster and safer payment solutions for the digital age.”
HBL and Mastercard have been working together since 2013 to bring new payment solutions to Pakistan. This new launch further confirms their mission to empower SMEs, drive financial inclusion, and move towards a digital, cashless future.
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