Citigroup has expanded its banking operations in Pakistan to a balance sheet exceeding $1 billion, marking a significant deepening of the global lender's footprint in the South Asian market.
Shahmir Khaliq, Citi's Head of Services in the region, confirmed that the figure encompasses both assets and liabilities, reflecting a comprehensive engagement rather than a one-sided exposure.
The expansion underscores the bank's commitment to providing essential financing and advisory services to clients navigating the country's economic landscape.
The move comes as foreign financial institutions are gradually re-engaging with Pakistan following a period of macroeconomic volatility.
Citi's growth in the market highlights a shift in sentiment among international banks, which are increasingly viewing the country as a viable destination for cross-border trade finance and corporate advisory mandates.
This development aligns with broader trends of stabilization in Pakistan's financial sector, where liquidity conditions have improved and regulatory frameworks have been strengthened to attract foreign capital.