Bank of China officially launched branch in Islamabad

Islamabad: Bank of China have officially launched its branch in Islamabad amid Chinese Vice Premier He Lifeng’s ongoing visit.

The inauguration ceremony marked a significant milestone in strengthening the economic relations between China and Pakistan.

This also marks the the momentous occasion of the 10th anniversary of the China-Pakistan Economic Corridor (CPEC).

As CPEC celebrates its 10th anniversary, the joint venture continues to serve as a transformative project, fostering closer economic ties and regional connectivity between China and Pakistan.

With the inauguration of the Bank of China, both countries are well-positioned to leverage this strategic partnership, unlocking new avenues of growth and prosperity for their people.

Finance Minister Ishaq Dar officially launched the Bank of China in Islamabad.

During his address at the launching ceremony, the finance minister expressed sincere gratitude to the Chinese authorities, acknowledging their steadfast support to Pakistan during challenging times. He emphasized that China’s support has played a crucial role in helping Pakistan overcome various economic difficulties successfully.

Ishaq Dar proudly shared positive statistics on Pakistan’s economic performance, indicating the nation’s ongoing trajectory of improvement.

He highlighted that international rating agencies have raised Pakistan’s credit rating, affirming the country’s economic progress and financial stability.

Dar asserted that through resilient efforts, Pakistan has emerged from tough times and is now embarking on a journey of growth. He expressed optimism for the future, envisioning the Chinese currency, the Yuan, becoming a widely accepted alternative currency in the global arena.

Earlier in the day, Prime Minister Shehbaz Sharif warmly welcomed the Chinese Vice-Premier He Lifeng and members of his delegation as they arrived here on Sunday for a three-day visit.

At the invitation of the Government of Pakistan, the Special Envoy of President Xi Jinping, the Vice Premier of China and Member of the Politburo of the Central Committee of the Communist Party, is visiting here to attend the 10th-anniversary celebrations of CPEC.

“It is my pleasure to warmly welcome the Chinese Vice-Premier H.E. He Lifeng and members of his delegation to Pakistan. They are visiting Pakistan to join us in celebrating the 10th anniversary of CPEC and witnessing first-hand the transformations brought about by this game-changing initiative,” PM Shehbaz Sharif said.