Bank of China opens branch in Islamabad

ISLAMABAD: Finance Minister Ishaq Dar has expressed the confidence that economic and diplomatic ties between Pakistan and China will touch new heights in the coming days.

Addressing a ceremony to mark the opening of the Bank of China’s Islamabad branch on Monday, he said that China has always supported Pakistan at all world forums.

He said China is our time tested friend. He especially thanked China and its financial institutions for extending tremendous financial support to Pakistan during the difficult times.

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Dar said Pakistan was largely out of turbulent phase as one of the rating agencies has also upgraded Pakistan’s outlook. He said that “we are now moving from stability to growth again.”

Alluding to the CPEC, the finance minister said that work has been fast tracked on the corridor project.

He expressed the confidence that “we will see its benefits reaching the common man in the years to come.”

Dar also felicitated the Bank of China for opening its second branch in Pakistan. He hoped that the Chinese currency RMB would soon become a parallel acceptable currency in the global financial market.

Web Desk