Zardari welcomes ICBC to Pakistan

4
155

President Asif Ali Zardari, on Friday, appreciated the Industrial and Commercial Bank of China’s (ICBC) initiative to open branches in Pakistan. This proposal, he felt, will mark a new era of mutual cooperation in the banking sector.
He expressed these views at the opening ceremony of ICBC’s operations in Pakistan. The president said that this gesture shows China’s confidence in the financial sector of Pakistan. He maintained that ICBC’s initiative has gained importance as it has come at a time when economic conditions are unfavourable and investors are wary of investments.
He hoped that ICBC’s investment will prove beneficial and the bank will play a key role in streamlining bilateral investments. The president said that the Government of Pakistan and the State Bank will extend any assistance to facilitate ICBC operations in Pakistan. While appreciating tremendous economic progress of China, the president stated that he has visited China six times in order to learn from their experience of development.
The president said that Pakistan has offered setting up of special Chinese investment zones in Pakistan, where special tax concessions will be offered. The president remarked that captive power, tax concessions, low cost labour and a huge market will help China find Pakistan a lucrative place to invest in. He hoped that greater Chinese enterprises will enter Pakistan.
He maintained that several market based reforms, aimed at supporting the financial sector under a strong regulatory environment, have significantly improved Pakistan’s banking sector. The president also stressed on the need for Pakistan to open banks’ branches in China.

4 COMMENTS

  1. Your Highness,

    The President Mr Yang Kaisheng,
    I would like to offer my services for your good Bank in Pakistan.
    I am working as In-charge Foreign Trade in Clifton Branch Karachi.
    Its business area in Karachi
    We have Co-operate Client Like Wise
    China Harbour
    Indus Motor
    AND OTHERS VALUED ONE CLIENT
    I want to Join Your Esteemed Bank
    I will boost your Business too i have much more client and deposit base different groups.
    I have more then Ten Year Experience
    In Banking Sector.My total Experience is based on Foreign Trade
    I can handled country wide business and developement and gasp new business areas too.
    You are requested kindly give me chance to Your Good Bank.

    My other details may available
    My Contact Number,
    0321-2012995
    My Cv is ready for submission
    I have No Mailing Address.
    Hopping for the best,

    Muhammad Rafi,
    In-Charge Foreign Trade.

  2. Your highness
    President Asif Ali Zardari

    I would like to say thanks for opening new two Branches In Pakistan
    It will boost business between the two countries
    and generate healthy compition beween the banks too.

    Muhammad Rafi.
    In charges Foreign Trade
    Clifton Branch Karachi,
    Bank Alfalah Limited.

    Cell, No. 0321-2012995

  3. I am going to appriciate it very wel, our greate president Mr Asif Ali Zardari's greate achivement to bring new ara in Pakistan this appreciation goes to our President .

Comments are closed.