Wednesday 17 August 2011

China's ICBC to open two branches in Pakistan

China's ICBC to open two branches in Pakistan


KARACHI: Industrial and Commercial Bank of China (ICBC), the world's biggest bank by market value, will open two branches in Pakistan this week, State Bank of Pakistan (SBP) said on Tuesday.


The deal to start ICBC operations in Pakistan was reached in December during the visit of Chinese Premier Wen Jiabao, when the two sides signed deals in areas of trade, health, education, agriculture, energy and infrastructure.


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