economic partnership with china has huge prospects of development
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Economic partnership with China has huge prospects of development

Arab Today, arab today

Arab Today, arab today Economic partnership with China has huge prospects of development

President Mamnoon Hussain.
Islamabad - Arab Today

President Mamnoon Hussain on Tuesday said China had emerged as a major investor and partner for Pakistan with great prospects of materializing the possibilities of development in both countries.
Addressing at the inauguration ceremony of launch of Bank of China’s operations in Pakistan, the President said it would become a source of taking this historic friendship to new heights by strengthening the already existing deep relations between the two “iron brothers”.
The President said the launch of Bank of China was a memorable event in the everlasting friendship between Pakistan and China which was also a manifestation of this historical fact that the shared dream of two countries would soon be realized.
He said in the context of business environment in Pakistan, the opening of Bank of China indicated that the benefits of China Pakistan Economic Corridor (CPEC) would soon start reaching the masses.
He expressed confidence that the sincere relationship between the two countries would further grow in the coming days and the start of operations by Bank of China in Pakistan would further speed up the pace of trade and economic cooperation between the two countries.
The President said the hard work of past several years had created an excellent business environment in Pakistan and the situation was favorable for domestic and foreign investment, while the country’s strong and huge consumer market was further increasing the effectiveness of these factors.
He said Pakistan was a natural hub for regional trade activities due to its location at the
crossroads of Central Asia, West Asia and Middle East, while CPEC had further increased its importance.
He said several investment opportunities were emerging in the country paving the way for further stabilizing the economy.
President Mamnoon said it was a matter of satisfaction that in recent years the progress in various fields of life especially on the economic front had generated many new business opportunities in the country.
He said with the initiation of China-Pakistan Economic Corridor (CPEC) project and the infrastructure sector in Pakistan was witnessing splendid growth with projects including dams, civil power reactors, coal mining, textile parks, road and railway lines and oil and gas pipelines.
The President said due to sound economic policies of the government, the investment environment in the
country had become very favorable.
He said attractive opportunities in the country’s banking field could play positive role in providing the required resources for promoting commercial activities and developing infrastructure.
President Mamnoon expressed confidence that this would lead to further improvement in national
growth rate and would also enable the banking industry effectively assist in making business environment more conducive.
He assured Bank of China of continued support of the government and State Bank of Pakistan in expanding its operations in Pakistan.
Chairman Bank of China Chen Siqing said it was a great honour for Bank of China for launching its operations in Pakistan, adding that Karachi branch was the first in South Asia.
He said the Bank of China would strengthen the brotherly relations between the two countries in the realms of financial sector as well.
He said China’s progressive and fast-paced economy was ready to enter into an era of high-grade standards and emphasized that Bank of China could help Pakistan effectively reap the benefits of China’s economic prosperity.
Governor State Bank of Pakistan Tariq Bajwa welcomed the launch of BOC in Pakistan and said increased diversity of foreign banks would increase the country’s economic resilience.
He said future prospects of Pakistan and China’s economic sector was bright and mentioned that as CPEC continues to mature with setting up of Special Economic Zones, the significance of opening of Bank of China would increase.
He said Pakistan could learn from the expertise of Bank of China in Small and Medium Enterprises sector.
Acting Ambassador of China to Pakistan, Zhao Lijian said Pakistan’s economy was picking up quickly and the opening of Bank of China marked the confidence of Chinese corporate sector in Pakistan’s economic situation.
Dr. Li Tao, Chief Executive Officer, Bank of China, Pakistan Chapter and other Chinese and Pakistani banking experts were present.

Source: APP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

economic partnership with china has huge prospects of development economic partnership with china has huge prospects of development

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

economic partnership with china has huge prospects of development economic partnership with china has huge prospects of development

 



GMT 23:24 2017 Tuesday ,24 January

Mofida Shiha prefers social TV programs to politics

GMT 21:23 2017 Sunday ,13 August

Fierce clashes between Daesh, SDF in Raqqah

GMT 19:31 2017 Monday ,16 October

Azhar Imam, Mufti to inaugurate international Fatwa

GMT 18:33 2017 Tuesday ,28 March

S. Korea Preparing for N. Korean ICBM Launch

GMT 23:39 2017 Tuesday ,19 September

Iran recruits Afghans, Pakistanis to fight in Syria

GMT 03:51 2017 Saturday ,11 November

'Lazarus' Daly says recovery no miracle

GMT 13:30 2017 Friday ,17 February

Four killed in Kashmir Gun battle

GMT 18:51 2017 Friday ,17 November

FIA WEC Bapco 6 Hours of Bahrain weekend starts

GMT 00:56 2017 Tuesday ,22 August

Britain calls on EU to move Brexit talks forward

GMT 18:56 2017 Wednesday ,01 February

Russia calls for Syria's return to Arab League

GMT 02:29 2017 Wednesday ,08 November

World's richest turf contest hikes prize money

GMT 10:33 2017 Saturday ,15 April

Chicago airport security under fire

GMT 16:30 2017 Sunday ,19 March

100,000 starve while S. Sudan buys weapons

GMT 23:09 2017 Thursday ,30 November

ERC distributes winter aid to Syrian refugees in Jordan
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday