Meezan Bank and Pak China Investment Company Limited enter into Strategic Cooperation Alliance to Capitalize China Pakistan Economic Corridor Opportunities

Islamabad, October 13, 2016 (PPI-OT):Meezan Bank, Pakistan’s first and largest Islamic Bank has entered into a strategic cooperation alliance with Pak China Investment Company Limited (PCICL) for promotion of bilateral trade and investment between Pakistan and China. Mr. Ariful Islam, Deputy CEO of Meezan Bank and Mr. Li Peng, Managing Director of Pak China Investment Company Ltd. jointly signed the MoU on October 3, 2016 at a ceremony held in Islamabad.

As per the agreement, Meezan Bank and PCICL shall strive to facilitate businesses of both the countries in undertaking strategic projects, particularly those covering China Pakistan Economic Corridor (CPEC). Meezan Bank and PCICL shall collaborate in various areas of bilateral cooperation, where PCICL will benefit from Meezan’s commercial banking operations and extensive branch network of over 550 branches, corporate and investment banking, trade, commercial/ SME financing, treasury operations etc. Whereas PCICL with a strong presence in China through its parent organization China Development Bank (CBD); holds a strong industry standing and will introduce Chinese investors/corporations to Meezan Bank in order to mutually explore business avenues for greater cooperation and benefit via CPEC projects.

During their addresses at the ceremony, Mr. Ariful Islam and Mr. Li Peng both highlighted the importance of this strategic alliance, which will not only provide multiple and significant business opportunities to Meezan Bank and Pak China Investment Company Ltd., but will also play a pivotal role in further strengthening the relations between the two countries by providing diverse array of Individual, SME, Commercial, Corporate, China Advisory and Investment services etc.

For more information, contact:
Meezan Bank Limited
Meezan House, C-25 Estate Avenue,
SITE, Karachi
Tel: +92-21-38103500
Fax: +92-21-36406049