Bank of China coming to Pakistan soon

QUETTA: Chairman of Gwadar Port Authority Dostain Jamaldeen has said that the branch of Bank of China will be opened in Gwadar soon, while the International Expo Center will be inaugurated in Gwadar by end of this year.

This he said during meeting with President of a private bank Zahir Ismail in Gwadar. He said that branches of few international banks  besides local banks are also being opened in Gwadar, one of them is the Bank of China.

“Opening these banks will further strengthen the business investment here. Gwadar Port and Overseas Port Holding Company has allowed two banks to open their branches here,” GPA Chairman said.

Dostain also said that the construction work will be completed in the Gwadar-free zones in the coming months. In the first week of December, Prime Minister Pakistan and Chinese ministers will inaugurate the first International Expo Center in Gwadar Free Zones.

Over 100 Chinese companies are taking part in it.

He said that local people will be involved in the development of Gwadar for which the establishment of the Fish Processing Company is being established.