Pakistan's Habib Bank in China`s Urumqi will be opened on March 20

[Development C&P]

Habib Bank : Pakistan's Habib Bank opens branch in China`s Urumqi

09/22/2016 | 02:38pm CET

Pakistan`s Habib Bank has set up a branch in China`s Muslim-majority Xinjiang Uygur Autonomous Region`s capital of Urumqi which is the starting point of the $46 billion China-Pakistan Economic Corridor (CPEC).

The branch, unveiled at the ongoing China-Eurasia Expo, makes Habib Bank the first foreign bank from a country on the Silk Road Economic Belt to establish a branch in China, state- run Xinhua news agency reported.

CPEC links Xinjiang with Gwadar port in Balochistan province through Azad Kashmir (Azad Kashmir) with road, rail and pipeline links.

Nauman Kramat Dar, Habib Bank`s chief executive officer, said that Xinjiang`s development will surpass that of China`s other regions in the next five years and it was the best time to build a branch in the region.

As an important area in Central Asia and South Asia, Urumqi has obvious geographical advantages, Dar said, adding that setting a branch here will allow Habib Bank to participate more in the development of Xinjiang, Pakistan and Central Asia.

Habib Bank also signed a $500-million cooperation deal with China Export and Credit Insurance Corporation at the expo.

Established in 1947, Habib Bank is Pakistan`s biggest commercial bank, accounting for more than 40 per cent of the country`s bank market.

http://www.4-traders.com/HABIB-BANK...Bank-opens-branch-in-China-s-Urumqi-23096705/



News updates：（By Chinese media）

Sign the project strategic cooperation agreement（2016-05-26）
http://www.uhdz.gov.cn/info/1005/16986.htm

Unveiling Ceremony（2016-09-21）
http://www.xinjiangnet.com.cn/2016/0922/1644066.shtml

Approved for opening（2016-12-05）
http://www.urumqi.gov.cn/znsx/jdxw/bmdt/297943.htm

Notice of opening（2017-03-20）
“Will be officially opened on March 20”
http://news.hexun.com/2017-03-15/188501830.html


PDF：
https://defence.pk/pdf/threads/pakistans-habib-bank-opens-branch-in-chinas-urumqi.450789/

 

[usamafarooqui2]

Habib Bank : Pakistan's Habib Bank opens branch in China`s Urumqi

09/22/2016 | 02:38pm CET

Pakistan`s Habib Bank has set up a branch in China`s Muslim-majority Xinjiang Uygur Autonomous Region`s capital of Urumqi which is the starting point of the $46 billion China-Pakistan Economic Corridor (CPEC).

The branch, unveiled at the ongoing China-Eurasia Expo, makes Habib Bank the first foreign bank from a country on the Silk Road Economic Belt to establish a branch in China, state- run Xinhua news agency reported.

CPEC links Xinjiang with Gwadar port in Balochistan province through Azad Kashmir (Azad Kashmir) with road, rail and pipeline links.

Nauman Kramat Dar, Habib Bank`s chief executive officer, said that Xinjiang`s development will surpass that of China`s other regions in the next five years and it was the best time to build a branch in the region.

As an important area in Central Asia and South Asia, Urumqi has obvious geographical advantages, Dar said, adding that setting a branch here will allow Habib Bank to participate more in the development of Xinjiang, Pakistan and Central Asia.

Habib Bank also signed a $500-million cooperation deal with China Export and Credit Insurance Corporation at the expo.

Established in 1947, Habib Bank is Pakistan`s biggest commercial bank, accounting for more than 40 per cent of the country`s bank market.

http://www.4-traders.com/HABIB-BANK...Bank-opens-branch-in-China-s-Urumqi-23096705/



News updates：（By Chinese media）

Sign the project strategic cooperation agreement（2016-05-26）
http://www.uhdz.gov.cn/info/1005/16986.htm

Unveiling Ceremony（2016-09-21）
http://www.xinjiangnet.com.cn/2016/0922/1644066.shtml

Approved for opening（2016-12-05）
http://www.urumqi.gov.cn/znsx/jdxw/bmdt/297943.htm

Notice of opening（2017-03-20）
“Will be officially opened on March 20”
http://news.hexun.com/2017-03-15/188501830.html


PDF：
https://defence.pk/pdf/threads/pakistans-habib-bank-opens-branch-in-chinas-urumqi.450789/

Later we can open a branch in Beijing , Guangdong , Shanghai and Shenzhen
Pak-Sino Friendship Zindabad

 

[MarcsPakistan]

 

[nang2]

Very good development. Mutual benefit is main driver for successful business.

 

[Development C&P]

Pakistani bank establishes branch in Xinjiang
Source: Xinhua 2017-03-21 00:01:50

URUMQI, March 20 (Xinhua) -- A branch of Pakistani Habib Bank Limited opened Monday in northwest China's Xinjiang Uygur Autonomous Region, local authorities said.

It is the bank's first branch in China, mainly providing financial support to the China-Pakistan Economic Corridor projects, according to the Xinjiang regional banking regulatory bureau.

Located in the Urumqi High-tech Industrial Development Zone, the bank mainly accepts public deposits, makes loans, deals government bonds, provides credit guarantees, and handles foreign currency exchange, the bureau said.

Habib Bank, the largest bank in Pakistan, had total assets of about 21 billion U.S. dollars at the end of 2015.

http://news.xinhuanet.com/english/2017-03/21/c_136143562.htm