ISLAMABAD
\nThe most critical area of financial cooperation under CPEC moving forward must be the development of robust cross-border financing mechanisms, including RMB-PKR settlement frameworks, syndicated lending structures, and project-specific risk mitigation tools such as guarantees and insurance, said a top Pakistani banker.
\nDuring the 3rd China International Supply Chain Expo (CISCE), Chief Representative, National Bank of Pakistan (NBP) Beijing Office, Shiakh Muhammad Shariq, told in an exclusive interview with China Economic Net.
\nIt is learned that since its establishment in 1981, the NBP Beijing Office has provided localized financial services to various Chinese companies investing in Pakistan, especially in key sectors like infrastructure, energy, and telecom under CPEC.
\n\u201cEspecially in Gwadar Port, we\u2019ve supported banking arrangements for port operations, freezone development, and logistics projects, ensuring smooth financial coordination for Chinese enterprises,\u201d the Chief Representative emphasized.
\nHe added that Chinese companies expanding into Pakistan also face challenges related to regulatory compliance, banking procedures, tax structures, and local operational risks.
\nDifferences in legal frameworks, approval timelines, and repatriation of funds can also pose hurdles. \u201cThus, to address these issues, localized financial support, advisory services, and close coordination with regulators are essential.
\nWe assist them by providing on-ground guidance, facilitating smooth banking transactions, and helping navigate legal and compliance matters to ensure business continuity and confidence.\u201d
\n\u201cThrough years of efforts, we are actively working to support cross-border e-commerce between China and Pakistan, facilitating cooperation through payment solutions, trade finance, and regulatory alignment.\u201d Mr Shariq told CEN.
\n\u201cFor instance, through our collaboration with UnionPay International, we help enable smoother digital transactions for Chinese businesses operating in Pakistan. NBP also engages in cross-border e-commerce initiatives to support payment collection, trade settlement, and financial infrastructure that benefit major platforms indirectly.
\nAs e-commerce continues to grow, we see strong potential for deeper integration in areas such as RMB settlement, digital wallets, and online escrow services.\u201d For decades, China\u2019s series of measures to continue to expand opening up in the financial sector have also had a significant impact on NBP\u2019s business in China.
\nThe Chief Representative believes that China\u2019s continued financial opening-up reflects a clear commitment to deeper global integration and high-standard development. \u201cSince NBP established its presence in China, we\u2019ve witnessed significant policy advancements from easier market access and improved regulatory transparency to the promotion of cross-border payment system and RMB internationalization.
\nThese measures have not only enhanced the operating environment for foreign financial institutions but also created new pathways for cooperation, especially under the CPEC.\u201d As for the supply Chain Expo, Mr. Shariq introduced his in-depth insights into the chain.
\nHe emphasized that with the development of CPEC and deepening financial cooperation, the two countries are witnessing the emergence of a \u201cfinancial chain\u201d that complements physical trade routes, in which includes coordinated banking networks, cross-border payment systems, trade finance, and investment facilitation-all of which strengthen the resilience and efficiency of bilateral supply chains.
\n\u201cTo play a greater role globally, both countries can focus on digitalizing financial infrastructure, promoting local currency settlements(like RMB-PKR), and developing joint financing platforms for cross-border projects.
\nBy aligning regulatory standards and expanding financial connectivity under initiatives like CISCE, China and Pakistan can become vital enablers of more secure, diversified, and inclusive global supply chains-particularly for developing economies.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD The most critical area of financial cooperation under CPEC moving forward must be the development of robust cross-border financing mechanisms, including RMB-PKR settlement frameworks, syndicated lending structures, and project-specific risk mitigation tools such as guarantees and insurance, said a top Pakistani banker. During the 3rd China International Supply Chain Expo (CISCE), Chief Representative, National […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-491187","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n