STORY: China's financial ecosystem efficient, strong: National Bank of Pakistan Rep.
SHOOTING TIME: Feb. 12-19, 2025
DATELINE: Feb. 27, 2025
LENGTH: 00:02:04
LOCATION: Beijing
CATEGORY: ECONOMY

SHOTLIST:
1. various of National Bank of Pakistan Beijing office
2. SOUNDBITE (English): SHAIKH MUHAMMAD SHARIQ, Chief Representative of National Bank of Pakistan Beijing Office
3. various of China's development achievements

STORYLINE:

The National Bank of Pakistan has 18 branches in major financial centers of the world. The Beijing representative office was established in 1981.

SOUNDBITE (English): SHAIKH MUHAMMAD SHARIQ, Chief Representative of National Bank of Pakistan Beijing Office
"We are maintaining relationships with the Chinese financial institutions and helping the Chinese companies who want to do business in Pakistan, and we are helping the trade and investing activities between the two countries. We have cooperation with many Chinese banks who are doing business with Pakistan. We are also cooperating with technology companies.

2024 was a very successful year. We signed an MOU for twenty billion RMB (about 2.8 billion USD) with a Chinese company, a Chinese investment fund to facilitate the relocation of industries in Pakistan.

The CPEC, the China-Pakistan Economic Corridor, is also considered as the flagship project of BRI. For our bank, because there were huge investments made in different projects. So it has helped us in diversifying our portfolio in different projects. We have invested heavily in those projects in Pakistan along with the Chinese FI (financial institutions). We expect that there will be more avenues for us to invest in different sectors in the near future.

My opinion is that China's ecosystem, the entire ecosystem, is very efficient and very strong, and so that is able to deliver very quickly. I'm in China for the last many years, so I'm witnessing the opening up that China has offered to the overseas world in different sectors, especially in the financial sector. So it offers a lot of opportunities for the overseas institutions to come to China and work here and it will be a win-win cooperation.

We are very much interested in investing in the Chinese market. We can further facilitate the trade businesses. So we are very optimistic that as the Chinese economy is growing, it will be good for our business as well."

Xinhua News Agency correspondents reporting from Beijing.
(XHTV)