From Our
Correspondent
BEIJING: Pakistan Ambassador to China, Moin ul Haque has said that opening of branch of Habib Bank Limited (HBL) in the Chinese capital was a very important milestone for Pakistani commercial bank in China.
“The opening of HBL Beijing branch is a tribute to our two countries, as 2021 marks the 70th anniversary of the establishment of diplomatic relations between China and Pakistan,” he said while addressing the opening ceremony. HBL Beijing has become HBL’s second branch in China after Urumqi branch in Xinjiang Uyghur Autonomous Region.
Ambassador Haque said the central banks of Pakistan and China have been committed to promoting trade development between the two countries, and HBL has made great efforts to promote RMB settlement. He hoped that in the coming years, Pakistan’s financial community could cooperate with China in areas such as e-commerce. Sultan Ali Allana, Chairman of Habib Bank Limited, said the trust and support given by the Chinese and Pakistani governments and regulatory agencies is an important factor for the development of HBL in China. The bank has also been working closely with the central banks of the two countries to promote the internationalization of RMB through policy publicity and business facilitation.The year 2021 marks the 70th anniversary of the establishment of diplomatic relations between China and Pakistan, a historical moment which gives special significance to the establishment of HBL Beijing branch.
Speaking through the video link, Xie Guoxiang, commercial counsellor of the Chinese embassy in Pakistan, spoke highly of the economic cooperation between China and Pakistan.
He said with the deepening of economic exchanges between China and Pakistan, there has been good interaction between the financial institutions of the two countries, which not only ensures the promotion of major projects and investment between the two countries, but also improves the trade facilitation, helps RMB settlement maintain a good momentum in bilateral trade, and effectively promotes the RMB internationalization process in Pakistan.
