PID

PR No. 152DAR MEETS BANK OF CHINA CHAIRMAN ALL SET TO OPEN FIRST BRANCH OF BANK OF CHINA IN KARACHI Islamabad

Bank of China will open its branch in Karachi soon and gradually expand its network to other cities.

Finance Minister, Senator Muhammad Ishaq Dar while meeting Mr. Tian Gouli at the Bank of China headquarters here on Saturday, conveyed the official approval in this regard.
It may be added that Chairman Li Gouli in his last visit to Pakistan had expressed the desire for launching banking operations in Pakistan and sought SBP’s permission. The Finance Minister in today’s meeting conveyed official approval/permit from the SBP.
Minister Dar welcomed the decision by Bank of China to commence their banking operations in Pakistan. He also extended invitation to Mr. Tian Gouli to visit Pakistan and himself inaugurate the first branch of the Bank of China in Karachi. The event, it may be added would be held soon.

The Finance Minister was extended a warm welcome on arrival at the Bank of China headquarters by Li Gouli and other senior officials.

During the meeting Mr. Tian Gouli and members of his team highly praised the economic turnaround and stability achieved by Pakistan and expressed appreciation that the economic indicators were moving in the right direction. Mr. Tian also thanked Minister Dar for conveying him the permission for setting up the Bank of China Branch in Pakistan.

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