Pakistan Bank Opens Branch in China

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Pakistan’s Habib Bank has opened a branch in Urumqi, capital of northwest China’s Xinjiang Uyghur Autonomous Region.

Habib Bank is the first foreign bank of Pakistan on the Silk Road Economic Belt to establish a branch in China.

Established in 1947, Habib Bank is Pakistan’s biggest commercial bank, accounting for more than 40 per cent of the country’s bank market.

Habib Bank also signed a $500 million cooperation deal with China Export & Credit Insurance Corporation at the expo.

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