Bank of China’s branch opens in Islamabad: Chinese banks provided support in turbulent times: Dar

ISLAMABAD: Finance Minister Ishaq Dar has stated that Pakistan was provided support by the Bank of China, ICBC, and Chinese commercial banks, when the country was passing through a difficult time during the last one year.

Addressing the opening ceremony of the Bank of China in Islamabad, the minister said that indeed, it is a matter of great pleasure for him to be at the launching ceremony of a branch of Bank of China in Islamabad. He termed it a historic moment.

The minister said Pakistan is out of the turbulent time which is fairly over and the country is now moving towards growth.

Finance Minister Dar has expressed confidence that economic and diplomatic ties between Pakistan and China will further increase in future.

Dar stated that the RMB is going to become an internationally adopted parallel international acceptable currency soon as five countries (BRICS) have already formalised it and more are in the pipeline.

He said that Pakistan is already benefiting from the RMB and during his last visit to China along with Prime Minister, he requested the Chinese president for enhancing RMB.

Dar said that in the years to come, the benefit of the CPEC will reach the common man.

Copyright Business Recorder, 2023