The Pakistan unit has 10 branches and had assets of about $455 million at the end of 2013, HSBC said. It did not put a price on the deal and said it was subject to regulatory approval.

Europe's biggest bank, HSBC <HSBA.L> <0005.HK>, is in talks to sell up in Pakistan and offload retail banking in Korea, part of its withdrawal from countries where it lacks scale or struggles to ...