The Industrial and Commercial Bank of China (ICBC) has assured its full support to Pakistan for economic development.
Nineteen major Chinese groups will serve in all various projects in energy, infrastructure development, trade and commerce, the ICBC said.
ICBC Group’s Senior Executive Vice President Zheng Wanchun and other officials met State Bank’s Deputy Governor Saeed Ahmad on Thursday.
The group has 17,245 branches in China and 329 institutions in 40 countries. It is conducting its business in Pakistan through its branches since August 2011 in Karachi and Islamabad. Its sales and service centre is located in Lahore.
Mr Zheng apprised the deputy governor that 19 major Chinese groups will be involved in the projects. “All these group companies are clients of ICBC in China,” said Mr Zheng.
“It will be natural for these companies to have business relationship with ICBC Pakistan, and this will boost ICBC Pakistan’s operations,” said Mr. Zheng.
