China and Pakistan are known friends and their strategic alliances have actually helped the economies of both the states. Recently Meezan Bank and Pak China Investment Company Ltd (PCICL) formed strategic alliance for the encouragement of bilateral business and investment between China and Pakistan. The agreement was officially signed by Mr. Ariful Islam (CEO of Meezan Bank) and Li Peng (Managing Director of PCICL).
One of the main highlights of the signed agreement is that, both Meezan Bank and PCICL will make it easier for both the countries to have smooth business sail, by facilitating organizations at each end, especially those which are covered by CPEC (China Pakistan Economic Corridor).
It is greatly expected that PCICL will be hugely benefited from Meezan Bank’s commercial aspects which include a wide range of branches and networks, i.e. around 550, investment and corporate banking along with treasury and financing operations. On the other hand, PCICL is reputed name in China’s business market and will be able to easily link Chinese investors and business persons with Meezan Bank for further collaborations. This alliance perfectly looks amazing as it offers great perks to the business economy of both the countries.
With the signing of this agreement and forming the alliance, it can be said that businesses from both the countries, i.e. China and Pakistan, will get benefited and it will be great for small businesses as well as for the commercial and established organizations.