Bilateral cooperation: Chinese banks invited to invest in Pakistan

PM highlights country’s sector, pleased with MoUs.


APP November 08, 2014

BEIJING: As part of efforts to increase investment, Prime Minister Nawaz Sharif on Saturday invited Chinese banking entrepreneurs to tap into the Pakistan’s market.

In a meeting with Bank of China (BoC) Limited Chairman Tan Guoli, the premier highlighted the country’s promising investment projects. Nawaz, who is currently in Beijing on an invitation to attend the international “Dialogue on Strengthening Connectivity Partnership”, also met Chinese President Xi Jinping and Premier Li Keqiang earlier in the day.

He also witnessed inking of landmark agreements and memorandum of understandings between the two countries.

The Prime Minister said he was pleased to see Pakistan and China ink 19 contracts worth billions of dollars in areas including energy, infrastructure, ports, shipping and roads.

He said the implementation of these projects would not only fulfill the country’s energy requirements but would also establish and further reinforce connectivity linkages of communications infrastructure networks.

Nawaz said that with commercially-viable energy projects offering attractive return on investment, there was a win-win opportunity for prospective Chinese banking and financing institutions.

Meanwhile, Guoli said that the BoC was one of the leading banks in the world and would play its role in bringing close Chinese banks and enterprises for investments in Pakistan.

He said that he had received encouraging feedback from businessmen and entrepreneurs. He also accepted Prime Minister’s invitation to visit the country.

Executive Vice President of Export and Import Bank of China, Zhu Xinqiang, Li Tong, CEO at International Holdings Limited and Amy Cheng, Executive Head of Global Coverage, International Holdings Limited were also present at the meeting.

Published in The Express Tribune, November 9th, 2014.

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