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HomeNewsFinancial facilitation to augment Pak-China Business, NBP President

Financial facilitation to augment Pak-China Business, NBP President

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Shenzhen, 7 June 2024 (TDI): National Bank of Pakistan (NBP) President, Rehmat Ali Hasnie, participated in the Pak-China Business Conference in Shenzhen, China. Hasnie urges that financial facilitation will augment Pak-China Business activities.

Hasnie was among the delegation accompanying Prime Minister Shehbaz Sharif for an official visit to China’s Shenzhen. The Islamabad delegation aims to advance bilateral trade and economic ties with Beijing and attract Chinese investors via business-to-business (B2B) projects.

The conference provided a platform for fostering economic ties between Pakistan and China. Hasnie met with key officials, including SHI Weigan, Director-General of the Shenzhen Local Financial Supervision Administration, to discuss potential opportunities to establish an NBP branch in Shenzhen and explore the city’s government incentives.

The President NBP also held fruitful discussions with representatives from the Ministry of Finance and Silk Road International Investment Management Co. Ltd. (SRIIF) about potential collaboration opportunities.

Furthermore, the NBP President met with Wallace LAI, COO of Huawei Technologies, and Ethan SUN, CEO of Huawei Pakistan, to explore avenues for collaboration on smart products, financial solutions, and services. He also visited the Huawei Technology Centre, gaining insights into their latest advancements.

The NBP President Hasnie participated in a media interview with China Economic News and shared his views about the conference with PTV, Pakistan’s national television network.

Also Read: Pakistan-China Business Forum concludes, boost trade and investment

He expressed his optimism about the conference, highlighting the “new chapter” it opens for both countries and the intention of both sides for “provision of a business-friendly environment.”

He also assured NBP’s commitment to providing maximum banking facilitation for businesses emerging from this collaboration.

The Pak-China Business Forum, a key event enhancing trade and investment ties between the two nations, concluded successfully in Shenzhen, China.

The forum was marked by significant participation from business leaders and government officials from both countries, fostering collaboration and mutual growth.

TDI
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