The Bank of China on Tuesday started its operations in Pakistan by opening its first branch in the country's southern port city of Karachi.

 

本周二，中国银行在巴基斯坦南部港城卡拉奇开设的首家支行开始营业。

 

The launching ceremony was held in Islamabad, and it was attended by the Pakistani President Mamnoon Hussain, Zhao Lijian, Chargé d'Affaires of the Chinese embassy in Islamabad, businessmen and officials.

 

Addressing the inauguration¹ ceremony, the Pakistani president said it is a memorable² event in the everlasting³ friendship between Pakistan and China, the two iron brothers.

 

The president hoped that operations by Bank of China in Pakistan will further speed up the pace of trade and economic cooperation between the two countries, adding "this will lead to further improvement in national growth rate, and the business community will be in a better financial position to avail facilities."

 

Promising⁴ to provide full support to the Bank of China, Hussain said the China-Pakistan Economic Corridor has created attractive opportunities in the banking⁵ field in Pakistan so that this sector⁶ could play its role in providing the required resources for promoting commercial activities and developing infrastructure⁷.

 

On the occasion, Zhao Lijian hailed the selfless dedication⁸ and hard work of the Chinese and Pakistani peoples, which helped China and Pakistan make remarkable⁹ achievements in economic construction and development.

 

He said Pakistan's economy was picking up quickly and the opening of Bank of China marked the confidence of Chinese corporate¹⁰ sector in Pakistan's economic situation.

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