QUETTA: Bank of China, along with other national and international banks, will soon be opening branches in the port city of Gwadar, revealed Chairman Gwadar Port Authority (GPA), Dostain Khan Jamaldini, on Thursday.
During a meeting with Zaheer Esmail, President of Summit Bank, Jamaldini said with Gwadar becoming a functioning Deep Seaport, almost all commercial banks of Pakistan will be vying for the opportunity to open up branches. Bank of China will be one of the first to start a business in the port city.
“Business and trade activities will flourish in Gwadar with the opening of branches of various national and international banks,” he said.
For the time being, however, the Gwadar Port Overseas and Port Holding have allowed the opening of two banks in Gwadar and one of them is Bank of China, he explained. He further disclosed that the work initiated on the Gwadar Free Zone was speedily underway.