NBP, Chi­nese bank sign MoU on bi­lat­eral co­op­er­a­tion

Pakistan Observer - - ECONOMY WATCH - STAFF RE­PORTER

KARACHI—Na­tional Bank of Pak­istan (NBP) and In­dus­trial & Com­mer­cial Bank of China (ICBC), Pak­istan signed MoU on bi­lat­eral co­op­er­a­tion in Karachi, Pak­istan on the cel­e­bra­tions of ICBC’s com­ple­tion of five years in Pak­istan. Both in­sti­tu­tions have agreed to en­hance fo­cus on de­vel­op­ing niches and cre­at­ing syn­er­gies, the ar­eas of mu­tual co­op­er­a­tion will fo­cus on trade fi­nance, cash man­age­ment and in­ter­na­tional pay­ments, cor­po­rate lend­ing and project fi­nanc­ing, in­fra­struc­ture fi­nanc­ing, in­vest­ment bank­ing & RMB ser­vices.

The MoU was signed by Syed Ahmed Iqbal Ashraf, Pres­i­dent NBP and Mr. Li Xiao Xin, Deputy CEO, ICBC. Mr Ma­sood Karim Shaikh, Group Chief – In­ter­na­tional Bank­ing Group (NBP) & Mr. Shaikh Tariq Ab­dul­lah, Di­vi­sional Head – Fi­nan­cial In­sti­tu­tions (NBP) were also present.

KARACHI: An MoU signed by Syed Ahmed Iqbal Ashraf, Pres­i­dent/CEO NBP and Li Xiao Xin, Deputy CEO, ICBC. Ma­sood Karim Shaikh, Group Chief In­ter­na­tional Bank­ing Group & Shaikh Tariq Ab­dul­lah, Di­vi­sional Head Fi­nan­cial In­sti­tu­tions (NBP) were also present. The cer­e­mony was also at­tended by Saeed Ahmed, Deputy Gov­er­nor State Bank of Pak­istan and other no­table guests from the bank­ing in­dus­try.

LA­HORE: Pun­jab Mem­ber Plan­ning & De­vel­op­ment Agha Waqar Javed ac­com­pa­nied by Ital­ian govern­ment rep­re­sen­ta­tive Dr. Lu­ciano & Ste­fano, Di­rec­tor PERI Dr. Mum­taz launch­ing study re­port on Olive Oil Con­sump­tion in Pak­istan.

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