During his participation in the Pakistan-China Business Forum in Shenzhen, the NBP President emphasized that the proposed branch is poised to facilitate heightened trade and investment flows. Leveraging state-of-the-art digital banking technologies, it aims to deliver seamless financial services. Following the Prime Minister’s recent visit to China, Hasnie anticipates a surge in trade volume between the two nations, necessitating innovative trade financing mechanisms from banks to support this growth. Earlier this month, NBP inked a Memorandum of Understanding (MoU) with China-Pakistan International Silk Road Industry Investment Management Co., Ltd., aimed at facilitating investments in crucial projects promoting industrial cooperation and supporting the establishment of special economic zones and other sectors.
Highlighting the importance of embracing advanced digital banking platforms and fintech solutions within the context of the BRI, Rehmat emphasized, “Efficient management of financial transactions and services associated with BRI projects hinges on the adoption of these technologies.” He underscored the need for Pakistan’s banking sector to address regulatory reforms, enhance risk management, and fortify cybersecurity measures to fully harness the benefits of BRI. Emphasizing NBP’s commitment to playing a pivotal role in the successful implementation of the China-Pakistan Economic Corridor (CPEC), he affirmed, “We are actively aligning our strategies with BRI objectives, bolstering national economic growth, and fortifying our position in the regional and global banking arena.”