Kasb Bank: Chinese businessman becomes chairman

[S.M.R]

BEIJING: A prominent Chinese businessman will become the Chairman of KASB Bank after approval from the State Bank of Pakistan, and promised more investment in various sectors of the economy, KASB Bank Executive Vice-President Nasir Ali Shah Bukhari said on Saturday.

“I am delighted to say that Suo Lang Duo Ji (Li Yan), has accepted the request to be the Chairman of KASB Bank”, Nasir Bukhari, who was on a visit to China, told APP in an interview. He said that Li had already made an investment of $40 million in KASB Finance, a holding company of KASB Bank. This investment is the first in any private bank in Pakistan from China. Li aged 48, is the founder of the Hong Kong listed company, China Lumena New Materials Corp.

Published in The Express Tribune, July 10th, 2011.

Kasb Bank: Chinese businessman becomes chairman – The Express Tribune

 

[Karachiite]

KASB Bank is a pretty good bank that is making good profit. I hope this new chairman takes it to new heights.

 

[Bond]

for a moment I read it KASAB bank.. i wandered if Kasab opened a bank from prison in Mumbai. You know anything is possible in this part of world..

 

[kawaraj]

Financial sector is key to economic development. Good to see more exchanges, we should be prepared for the huge economic lift once the war is ended.

 

[S.M.R]

for a moment I read it KASAB bank.. i wandered if Kasab opened a bank from prison in Mumbai. You know anything is possible in this part of world..

Even if you hang kasab, he will keep coming in your dreams

 

[S.M.R]

The most important thing is

Li had already made an investment of $40 million in KASB Finance, a holding company of KASB Bank.

There are numerous factors like above, including the home remittances, that the pakistan foreign reserves are at its peak.