Pakistan: Establishment of Bank of Balochistan announced
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
The Balochistan government on Tuesday announced the establishment of the Bank of Balochistan. In a meeting chaired by Chief Minister Balochistan Mir Sarfraz Bugti, the initial feasibility report for the project was presented and declared viable.
The CM instructed that an operational plan for the project be prepared within one week. Addressing the meeting, he stated that the establishment of the Bank of Balochistan will provide quality banking services to the public, traders, and investors.
He added that the people of the province will soon hear good news, as this project will help boost economic activity in the region.
Bugti further said that the Bank of Balochistan would be a historic milestone in the province’s economy. Through this bank, new employment opportunities will be created for the youth, and the pace of development projects will accelerate by utilizing provincial resources.
The meeting was attended by Provincial Finance Minister Mir Shoaib Nosherwani, Chief Secretary Balochistan Shakeel Qadir Khan, Principal Secretary Babar Khan, and other senior officials. Experts from the banking sector also participated online and agreed to expedite the activation of the project.
Reference Link:- https://www.brecorder.com/news/40379860/establishment-of-bank-of-balochistan-announced
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
