High 14 oC - Low 7 oC

China to launch top private bank in Pakistan

ChinatolaunchtopprivatebankinPakistan_3151

BEIJING - Chinese Prime Minister Wen Jiabao is going to open a branch of the Industrial and Commercial Bank of China (ICBC), the top private bank of China, during his visit to Pakistan, a private TV channel reported on Wednesday.
The ICBC is the world's biggest bank by capitalization. Li Xiguang, a professor at the Tsinghua University in Beijing said that the trade between Pakistan and China will be worth $7 billion with an annual growth rate of 29 percent by the end of this year.
The growth rate of trade between the two countries is expected to grow by over 30 percent over the next five years and the trade volume could increase to $18 billion. But the level of economic cooperation does not reflect the close and lasting political and military ties between the two countries.
Ambassador Massood Khan said that China has a very positive image in Pakistan. "We support China's policy on Tibet, Xinjiang and human rights," he said. "But we also need to have an all-weather highway between our two countries," he said.

2 Responses to China to launch top private bank in Pakistan

  1. Zeeshan says:

    Its nice to have a Good News of opening of ICBC in Pakistan and would love to Join the Team

  2. Shumail naseem says:

    Best of luck china

Leave a comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Follow Us

To stay updated with latest news please follow us on


"dedicated to the legacy of the late Hameed Nizami"
Arif Nizami (Editor)
4-Shaarey Fatima Jinnah, Lahore
Ph: +92 42 36375963-5 Fax: 042-36298302
Ph: +92 51 2287273 Islamabad, Ph: +92 21 35381208-9 Karachi
Email: editorial@pakistantoday.com.pk
ADVERTISE  |  CAREERS  |  PRIVACY POLICY  |  CONTACT US

This material may not be published, broadcast, rewritten,
redistributed or derived from. Unless otherwise stated,
all content is copyrighted © 2011 Nawa Media.
Technical feedback? webmaster@pakistantoday.com.pk