Friday, September 29, 2023

Pakistan Launches Bank of China on 10th Anniversary of CPEC

On the special occasion of the 10th anniversary of the China-Pakistan Economic Corridor (CPEC), Finance Minister Ishaq Dar officially launched the Bank of China in Islamabad on Monday. This is a big step in strengthening the economic relationship between China and Pakistan.

During the inauguration ceremony, Minister Dar thanked China for their unwavering support during challenging times, which helped Pakistan overcome economic difficulties successfully.

Minister Dar also shared positive news about Pakistan’s economy, saying that international rating agencies have raised Pakistan’s credit rating, showing that the country is making progress and becoming financially stable. He believes Pakistan is now on a path of growth, thanks to strong efforts.

Looking ahead, Minister Dar is hopeful that the Chinese currency, the Yuan, will gain wider acceptance globally as an alternative currency.

As CPEC celebrates its 10th anniversary, it continues to be an important project that brings China and Pakistan closer together, fostering economic ties and regional connections.

With the Bank of China now in Islamabad, both countries are well-prepared to make the most of this strategic partnership and create new opportunities for growth and prosperity for their people.

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