<Tr> <Th> Website </Th> <Td> www.hbl.com </Td> </Tr> <P> HBL (Urdu: حبِیب بَینک ‬ ‎), (formerly Habib Bank Limited) is a Karachi based multinational bank . It is the largest bank by assets in Pakistan . </P> <P> Founded in 1941, HBL became Pakistan's first commercial bank . In 1951 it opened its first international branch in Colombo, Sri Lanka . In 1972 the bank moved its headquarters to the Habib Bank Plaza, which became the tallest building in South Asia at the time . The Government nationalised the bank in 1974 and privatized it in 2003; at that time the Aga Khan Fund for Economic Development acquired a controlling share . </P> <P> As of 2016, HBL has more than 1700 branches with presence in over 25 countries spanning across four continents . It is the largest company in Pakistan in terms of assets, and has repeatedly ranked top Pakistani company in the Forbes Global 2000 . </P>

Hbl was the first bank of pakistan true or false