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Pakistan’s Summit Bank and China’s UnionPay sign accord to boost friendly exchanges

Pakistan's Summit Bank and China's Union sign accord to boost friendly exchanges

UnionPay Card serves as a bridge to boost friendly exchanges between Pakistan and China UnionPay International has announced that it has signed an issuance agreement with Pakistan Summit Bank. Pakistan’s Summit Bank and China’s UnionPay International  have agreed to jointly issue UnionPay cards on a large scale. Now, UnionPay has become the international bankcard brand with the second largest market ... Read More »

EXIM Bank offers long-term financing opportunities in Pakistan

EXIM Bank offers long-term financing opportunities in Pakistan

The Export-Import Bank of the United States is here to compete for Pakistani business, and is ready to partner with Pakistan to reach its development goals, EXIM Chairman Hochberg said ISLAMABAD – Export-Import Bank of the United States (EXIM) will now offer long-term financing in Pakistan for public sector projects, Chairman and President of the Bank, Fred P. Hochberg announced. “The Export-Import Bank of ... Read More »

Asian Infrastructure Investment Bank launches with $100bn in capital

Jin Liqun, president of the Asian Infrastructure Investment Bank (AIIB), speaks at a press conference in Beijing, capital of China, Jan. 17, 2016. (Xinhua/Li Xin)

The Asian Infrastructure Investment Bank is designed to revamp aging infrastructure in emerging Asian economies. The Chinese-led bank starts with 57 member states and a capital stock of $100 billion. BEIJING (China) — The Asian Infrastructure Investment Bank (AIIB) opens with $100bn in capital contributed by its 57 member nations and is expected to lend $10-$15bn annually over the first ... Read More »

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