Punjab

World's largest bank to open branches in Punjab

Industrial and Commercial Bank of China (ICBC) isset to open its branches in Punjab, beginning from Lahore

Ali Usman April 19, 2015

PHOTO: ICBC

LAHORE: Industrial and Commercial Bank of China (ICBC), the world’s largest bank, is set to open its branches in Punjab, beginning from Lahore.

According to an MoU signed between the Punjab government and ICBC administration on Sunday, the bank will not only bring Chinese investment to the province, but also manage financial investment from other countries where it has strong presence.

Read: Tech-savvy Punjab: CM approves free public Wi-Fi across province

“The bank will provide financial advisory, as well as technical cooperation to the government in automobile, agriculture and several other sectors,” a senior of the provincial government told The Express Tribune. “It has assets above $3.062 trillion.”

Chief Minister Punjab Shahbaz Sharif was present at the MoU signing ceremony.

COMMENTS (7)

ijaz ahmad | 9 years ago | Reply its good we are building partnership with chine.the real investment is health and education .we are destroying them.we have made education & health a trade.and its shame for government ,media and for people of pakistan .who will provide quality education & health to people pak army or Usa.

Umair | 9 years ago | Reply Uncle Saleem Lahori, which world r u living in? Get ur facts on track first before commenting. ICBC is operating from Karachi since Aug 2011. Karachi is the heart of PAK & will remain so, people of Punjab, especially Lahore have always been jealous of this fact. Love You....have a great day ahead!

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ali saleem | 9 years ago | Reply ICBC was never operating in Karachi, improve your knowledge, many companies like Coca Cola, Honda Etc have their head offices in Lahore..Lahore is THE city in Pakistan now...Karachi days are over son..

Umair | 9 years ago | Reply Punjab govt has not done anything special, ICBC was already operating from Karachi since long time, they are now expanding to other parts. Always remember, business in Pakistan will always start from Karachi & then to other parts..

Sam | 9 years ago | Reply Well the other parts of Pakistan doesn't deserve any investment and development. !!! Punjab gets everything!

ty | 9 years ago | Reply Never heard of it.

Khan | 9 years ago | Reply What are other provinces doing??

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