Business

Collaboration: KASB brings in Chinese investment

Asia International Finance Company Limited has invested US$40m in KASB Finance Limited.

Express May 23, 2011

KARACHI: Asia International Finance Company Limited, a leading Chinese business group, has invested US$40m in KASB Finance Limited.

Asia International Finance Company is part of a business conglomerate which holds significant interests in industrial concerns, minerals activities and financial services corporations amongst others in China and Asia. This investment by Asia International Finance is part of the Company’s long term commitment to investing in Pakistan, and a first step in an envisaged long term strategic relationship with the KASB Group, where the partners anticipate that Group companies will become significant financial players in Pakistan’s ever increasing trade with China and Asia and the expected influx of further investments from China.

The investment represents the first entry by a private sector Chinese firm in the finance industry in Pakistan.

Commenting on this investment Mr. Munir Saleem, acting President KASB Bank said “This investment shall prove to be a landmark deal in reinforcing Sino-Pak relations in the investment and finance sector and will further expand KASB Group’s outreach in international financial and business markets.” press release

Published in The Express Tribune, May 23^rd, 2011.

COMMENTS (3)

DARYA KHAN ZUHRANI | 13 years ago | Reply To His Highness. SUBJECT: EMPOLYEEMENT/FINANCIAL GRANT ON HUMANTARIAN GROUNDS R/SIR, I Darya Khan S/O Muhammad Jaffar Zuhrani residence at Distt: Larkana (Rural) belongs to deprived family Sindh province. I have completed my education on self basis beard the expenses through part time job and tuitions etc. Sir, I have completed my education and having degree of Graduation B.Sc with excellent academic track in my education carrier. I have applied in both public and private sector but unfortunately still jobless, keeping in view mu academic record you are kindly requested to support me to fulfill the needs of bread and butter. Your majesty is requested to provide me a suitable job according to my qualification or forwarded my request to any institutions to grant me financial support to imitative any sole enterprise/self employment. I hope that my request will not be deep in dust bin and it will consider on humanitarian grounds. Thanking you in anticipation. Yours sincerely, Darya Khan Zuhrani s/o Muhammad Jaffar Zuhrani P.O. GarelloTehsil Bakrani Distt: Larkana Sindh CNIC #42201-5071380-7 Cell # 0300-2810686 A/C # 7100010801 BR, CODE 0293 HBL LARKANA (SINDH)

Faisal | 13 years ago | Reply Well done KASB

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