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NBP will open two branches in China next year

ISLAMABAD: National Bank of Pakistan (NBP) is set to open two branches in China’s mega cities next year to exploit the growing business opportunities between the two countries under the multibillion-dollar China-Pakistan Economic Corridor (CPEC) projects, said a senior official from the commercial bank.

“National Bank will open two branches in China’s major cities like Beijing and Shanghai by the middle of next year (June 2018),” NBP President and CEO Saeed Ahmed said.

He added that the branches would help the bank to offer full-fledged banking services, including raising deposits and lending money.

Simultaneously, the bank, which had a deposit base of Rs1.65 trillion on December 31, 2016, is establishing a regional office in Gwadar, which is the centre of economic development under CPEC.

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.