UBL offers support to Chinese enterprises

Bank presently helping firms in contracting, trade and treasury services.

BEIJING:

United Bank Limited (UBL) is offering Chinese enterprises help in exploring markets in Pakistan and Middle Eastern countries.

UBL had witnessed a robust growth and closer cooperation with Chinese business partners since establishing an office in Beijing in 2007, according to a bank announcement on Saturday.

The bank helps Chinese companies in contracting, trade and treasury services by taking advantage of its long experience of operating in Pakistan and the Middle East.

UBL’s Group Executive Wajahat Husain said at a reception in Beijing recently that the bank had provided support including environment, policy and social customs, for Chinese investors in Pakistan, United Arab Emirates, Qatar and Yemen.

According to Husain, trade between the United Arab Emirates and China had reached around $24 billion, and UBL which had strong relationships with government and top tier business groups, can make a positive contribution to trade growth.

He added that Chinese investors showed interest in Bahrain, although the trade volume between the two countries stood at $0.77 billion.



Published in The Express Tribune, April 17^th, 2011.