HBL Microfinance Bank (HBL MfB) yesterday inaugurated a new headquarters for the Gilgit-Baltistan region in northern Pakistan. The ceremony was attended by Prince Rahim along with local government representatives and leaders of the Jamat and AKDN.

The new building underlines the Bank’s commitment to sustainability, innovation, and local community development. A blend of modern architecture and local cultural elements, the building meets some of the highest international standards of green construction. It has earned the LEED Gold certification and EDGE Advanced certification, one of the first buildings in the country to achieve this. The LEED Gold certification from the U.S. Green Building Council highlights the building’s superior performance in energy and water efficiency, sustainable site development, and indoor environmental quality. The EDGE Advanced certification, granted by the International Finance Corporation (IFC), underscores the building’s commitment to resource efficiency, achieving significant energy and water savings. The building is well equipped to produce 40 percent of the electricity required for its day-to-day functions.

“The inauguration of HBL Microfinance Bank's regional headquarters Gilgit-Baltistan is a remarkable milestone for both the Aga Khan Development Network (AKDN) and the Bank,” said Prince Rahim. “It is a major step towards AKDN’s goal of achieving Net-Zero by 2030. As we continue our journey to a better and more sustainable future, this building serves as a symbol of continued progress, sustainability, and prosperity for the people of Gilgit-Baltistan.”

Mr Rayomond Kotwal, Chairman of HBL MfB, remarked, “The inauguration of our regional headquarters, Gilgit-Baltistan is a testament to our commitment to sustainable development and the well-being of the communities we serve. Gilgit holds a special place in the journey of HBL Microfinance Bank, as we started here more than two decades ago. This building is a symbol of our dedication to fostering economic growth while preserving the region’s environment. By integrating sustainable practices with local culture, HBL Microfinance Bank has set a new benchmark in environmental stewardship and corporate responsibility. We take pride in contributing to the development of the Gilgit-Baltistan region and look forward to continuing our support for all Pakistanis.”

Mr Amir Khan, President and CEO of HBL MfB, added, “The flagship regional headquarters Gilgit-Baltistan exemplifies the strength, stability, and resilience of Pakistan's best microfinance bank. The regional headquarters not only boosts our operational capabilities but also represents progress and hope for the Gilgit-Baltistan region. Throughout the project, particular attention was paid towards the area, which is why 27 percent of the total project cost was allocated to boost the local economy, through the onboarding of regional suppliers and the creation of employment opportunities.”

HBL MfB was established in 2002 with a mission to address poverty and contribute to the social and economic well-being of society by providing opportunities to thousands of under-privileged households. Through targeted financial and multi-sectoral products and services based on evolving needs, HBL MfB enables its clients to strengthen their entrepreneurial base and build financial, physical, and human capital to secure their future.