Bank of China to strengthen cooperation with Pakistan in digital finance, cross-border e-commerce: Deputy Governor

BEIJING, The People’s Bank of China will continue to strengthen cooperation with Pakistan in existing and emerging areas such as digital finance and cross-border e-commerce to support the healthy development of trade and investment links between two countries, giving full play to the Pakistan-China All-Weather Strategic Cooperative Partnership, Deputy Governor, People’s Bank of China, Pan Gongsheng said on Thursday.
Welcoming Pakistan Ambassador to China, Moin Ul Haque here, the deputy governor appreciated bilateral financial cooperation between the central and commercial banks of Pakistan and China.
Thanking Deputy Governor Pan for the warm welcome, Ambassador Moin Ul Haque underscored the vitality of Pakistan-China economic relations underpinned by the three mutually reinforcing pillars of bilateral cooperation in finance, trade, and China-Pakistan Economic Corridor (CPEC).
He appreciated the key role played by the People’s Bank of China and the Chinese financial institutions in enhancing Pakistan-China cooperation and realizing the consensus of the leadership of the two countries, especially for CPEC as a high-quality demonstration of the Belt and Road Initiative.
The Ambassador and Deputy Governor noted that the 70th anniversary of the establishment of diplomatic relations was an excellent opportunity to consolidate bilateral financial and economic cooperation, and take it to an even higher level for the mutual benefit of both countries and peoples.