Habib Bank Plaza
Habib Bank Plaza

     

History of the tall buildings in Pakistan is not very old and goes back to the construction of first high-rise building, Habib Bank Plaza 311 ft. high in 1963 on I. I. Chundrigar Road, Karachi. It enjoyed the title of the “tallest building of South Asia” for a decade and the “tallest building of Pakistan” for more than 40 years. [1] One of the tallest buildings in Pakistan: Habib Bank Plaza

TitleDescription
Information
Location:II Chundrigar Road, Karachi, Sindh, Pakistan.
Nickname:Habib Bank Plaza
In Urdu:حبیب بینک پلازہ
Type:Building
Local Language Name:Habib Bank Plaza
Coordinates :24.8499°N 67.0055°E
Details
Type:Public Limited Company
Traded As:Habib Bank Limited
Industry:Banking
Founded:1963
City:Karachi
State:Sindh
Completed:1972
Headquarter:Habib Bank Plaza, Karachi, Pakistan
Attractions:Landmarks
Postal Code:74000
Antenna:101 m
Roof:95.5 m
Height:311 ft
Floor Count:22
Title:2nd highest building in Pakistan
Designed by:Leo A. Daly
Developers: Habib Bank Limited Pakistan
Contractors:S. Mehboob & Company Consulting Engineers
Key People:Chairman: Sultan Ali Allana, President & CEO: Nauman Dar
Product:Loans, credit cards, Savings, Consumer Banking etc.
Revenue:₨113.01 billion (US$1.1 billion) – 2016
Net Income:₨34.20 billion (US$330 million) – 2016
Total assets:₨2.50 trillion (US$24 billion) – 2016
Number of employees:15,000+
Monday:9AM-6PM
Tuesday:9AM-6PM
Wednesday:9AM-6PM
Thursday:9AM-6PM
Friday:9AM-6PM
Saturday:9AM-6PM
Sunday:9AM-6PM

Habib Bank PlazaHabib Bank PlazaHabib Bank PlazaHabib Bank PlazaHabib Bank Plaza

History

Mohammed Ali Jinnah, Pakistan’s founding father, realized the importance of financial intermediation while he was campaigning for the creation of a separate homeland for the Muslims of India. He persuaded the Habib family to establish a commercial bank that could serve the Indian Muslim community. His initiative resulted in the creation of Habib Bank in 1941, with HO in Bombay (now Mumbai), and fixed capital of 25,000 rupees. The bank played an important role in mobilizing funds from the Muslim community to finance the All-India Muslim League’s campaign for the establishment of Pakistan. Habib Bank also played an important role in channeling relief funds to Muslims hurt in the communal riots and violence that preceded the departure of the British from India.

After the formation of Pakistan in 1947, Habib Bank moved its headquarters to Karachi, Pakistan’s first capital, at the urging of Governor-General Jinnah. This gave Karachi its first commercial bank of the newly formed Pakistan. The Habib family would own and manage the bank until the Pakistan government nationalized it on 1 January 1974.

In the 1950s, the HBL started its international expansion. In 1951 it opened the first of what would become three branches in Sri Lanka. The next year HBL established Habib Bank (Overseas). Then in 1956 HBL opened the first of five branches in Kenya.
1972 HBL opened the first of 11 branches in Oman. HBL constructed Habib Bank Plaza in Karachi to commemorate the bank’s 25th Anniversary. [2] History of HBL

Architecture

Constructed in the mid seventies this 22 storey corporate headquarters is one of the tallest buildings in Karachi. SMC were called in to retrofit the HVAC system and add to the capacity. A 425 TR direct fired chiller was added to the existing 1325tr plant and the air and water distribution system upgraded to incorporate hydraulic decoupling and increased cooling demand on the typical floors.

A further retrofit currently underway will see the addition of a complete new Chiller Plant and major improvements to the air distribution system. [3] Architecture of HBL Plaza 

2ndHighest Building in Pakistan

It was Pakistan’s tallest building from 1963 until 2003. After 2005, MCB Landmark plaza became the tallest building of Pakistan with 29 floors and a helepad on top. However, even after the MCB Tower, the Habib Bank Plaza is the second highest building in Karachi today. [4] After MCB Tower, Highest building in Pakistan

Era of Tallest Building

The Habib Bank Plaza remained Pakistan’s tallest building for 42 years until MCB Tower was completed in 2005. After 2005, MCB’s landmark tower became the tallest building of Pakistan with 29 floors and a helipad on top.

Moon Sighting

The Ruet-e-Hilal Committee has regularly used the building over the years to call the meeting for moon sighting. [5] Moon sighting at HBL Plaza

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