Bank of China has formally launched its operations in Pakistan, with its first branch inaugurated in Karachi. The bank would strengthen the “brotherly relations” between the two countries in the financial sector.
As per the officials, the increased diversity of foreign banks would increase the country’s economic resilience.
Current/Static Takeaway Points Important for IBPS PO Mains 2017 Exam-
- Bank of China- started operation in Pakistan- first branch in Karachi.
- Bank of China Chairman- Chen Siqing.
- State Bank of Pakistan (SBP) Governor- Tariq Bajwa.
- Pakistan PM- Shahid Khaqan Abbasi, President- Mamnoon Hussain.
Source- The Dawn