Karachi - State Bank of Pakistan Governor Ashraf Mahmood Wathra has unveiled Rs.20 commemorative coin at State Bank of Pakistan Museum on Friday to mark “Pakistan-China Year of Friendly Exchange 2015.” The ceremony was also attended by Dr. Mu Yong Peng Vice Consul General Chinese Consulate, Chinese media and dignitaries.

The Governor said, “In the financial sector, we find footprints of our friendly relations over a long period of time. The most recent among these is the establishment of Industrial & Commercial Bank of China.” The Governor also mentioned establishment of Pak-China Investment Company which is operating as a development finance institution for the promotion of trade, investment and economic growth in Pakistan.

Wathra elaborated that Pakistani banks also have their presence in China as Representative offices that include National Bank, Habib Bank, United Bank and Bank AL Habib. However, he underscored the need for further improving the current banking links between the two countries. “These financial relations are encouraging; however, I desire that the current banking links between the two countries should improve further,” he said. He added further that the two countries have strong trade ties but to bring them to the next level where Pakistani exports also become a significant portion of the Chinese imports, the presence of a strong banking network is essential.

Chief spokesman SBP Abid Qamar in his introductory remarks said that the Government of Pakistan has laid down a detailed map of year round activities, aimed at further deepening and enrichment of existing friendly relations between two countries in all spheres of life. “Under the Year of Friendly Exchanges 2015 the State Bank of Pakistan is issuing a commemorative coin of Rs 20 through field offices of SBP Banking Services Corporation from today in pursuance of the Federal Government Notification dated January 8, 2015,”he said. He also thanked Chinese delegation for attending the ceremony.