{"id":59359,"date":"2020-01-03T11:23:11","date_gmt":"2020-01-03T11:23:11","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=59359"},"modified":"2020-01-27T06:11:28","modified_gmt":"2020-01-27T06:11:28","slug":"beijing-see-opening-pakistans-first-bank-soon","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/beijing-see-opening-pakistans-first-bank-soon.html","title":{"rendered":"Beijing to see the opening of Pakistan&#8217;s first bank soon"},"content":{"rendered":"<p>Islamabad: The China Banking and Insurance Regulatory Commission (CBIRC) recently awarded a licence to the Habib Bank Pvt Ltd (HBL), allowing it to be the first Pakistani bank to open an official branch in Beijing \u2014 according to news sources.<\/p>\n<p>This move has been hailed as a brilliant new development in the economic relations of the two countries, with the new HBL branch set to be built in Beijing. According to HBL officials, the preparatory work to set-up the new branch is currently underway and if relevant regulators approve then the new building is expected to be launched in the third quarter of 2020 \u2014 offering the locals a full range of products and services.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/hbl-opens-its-branch-in-gwadar-free-zone.html\" target=\"_blank\" rel=\"noopener noreferrer\">HBL opens its branch in Gwadar Free Zone<\/a><\/p>\n<p>HBL officials expressed their gratitude for the State Bank of Pakistan (SBP) and the CBIRC for placing their trust in the bank.<\/p>\n<p>Once the new branch is launched, it will become HBL\u2019s second outlet in China \u2014 as it already has a <a href=\"https:\/\/www.zameen.com\/news\/hbl-becomes-first-pakistani-bank-to-offer-end-to-end-rmb-mediation.html\" target=\"_blank\" rel=\"noopener noreferrer\">branch with an RMB business license<\/a> in Urumqi city.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/pakistan-launch-panda-bonds-worth-usd-1-bn.html\" target=\"_blank\" rel=\"noopener noreferrer\">Pakistan to launch Panda bonds worth USD 1 bn<\/a><\/p>\n<p>The Bank\u2019s presence in China will facilitate State-Owned Enterprises (SOEs) and all prominent financial institutions involved in the Belt and Road Initiative (BRI) and the China Pakistan Economic Corridor (CPEC).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The China Banking and Insurance Regulatory Commission (CBIRC) recently awarded a licence to the Habib Bank Pvt Ltd (HBL), allowing it to be the first Pakistani bank to open an official branch in Beijing \u2014 according to news sources. This move has been hailed as a brilliant new development in the economic relations of the two countries, with the new HBL branch set to be built in Beijing. According to HBL officials, the preparatory work to set-up the new branch is currently underway and if relevant regulators approve then the new building is expected to be launched in the third quarter of 2020 \u2014 offering the locals a full range of products and services. Read:\u00a0HBL opens its branch in Gwadar Free Zone HBL officials expressed their gratitude for the State Bank of Pakistan (SBP) and the CBIRC for placing their trust in the bank. Once the new branch is launched, it will become HBL\u2019s second outlet in China \u2014 as it already has a branch with an RMB business license in Urumqi city. Read:\u00a0Pakistan to launch Panda bonds worth USD 1 bn The Bank\u2019s presence in China will facilitate State-Owned Enterprises (SOEs) and all prominent financial institutions involved in&hellip;<\/p>\n","protected":false},"author":75,"featured_media":34306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[14788],"persona":[],"class_list":{"0":"post-59359","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-details-on-beijing-to-see-the-opening-of-pakistans-first-bank-soon","9":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Beijing to see the opening of Pakistan&#039;s first bank soon - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The China Banking and Insurance Regulatory Commission (CBIRC) recently awarded a licence to the Habib Bank Pvt Ltd (HBL), allowing it to be the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/beijing-see-opening-pakistans-first-bank-soon.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beijing to see the opening of Pakistan&#039;s first bank soon - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The China Banking and Insurance Regulatory Commission (CBIRC) recently awarded a licence to the Habib Bank Pvt Ltd (HBL), allowing it to be the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/beijing-see-opening-pakistans-first-bank-soon.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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