• Login
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
Times of Pakistan
No Result
View All Result
Home Business More

Chinese key businessman accepts Chairmanship of KASB Bank, pledge more investment

ToP by ToP
July 10, 2011
in More
0
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter

A prominent businessman of China will become Chairman of KASB Bank Ltd after approval from State Bank of Pakistan and promised for more investment in various sectors of economy, the Executive Vice-President Nasir Ali Shah Bukhari said here Saturday.“I am delighted to say that Suo Lang Duo Ji (Li Yan), has accepted the request to be the Chairman of KASB Bank”,  Nasir Bukhari, who was on a visit to China told APP in an interview before leaving home.He said that Li has already made an investment of US dollar 40 million in KASB Finance, a holding company of KASB Bank. Chinese investors would also make further investments in the Bank, he added.

This big investment is first ever in any private bank in Pakistan from China. It also illustrate confidence of investors in financial institutions  of Pakistan, said Bukhari. Li aged 48, is the founder of Hong Kong listed company, China Lumena New Materials Corp.

Bukhari said that keeping in view the chronic energy problem in Pakistan, Li has expressed his keenness and agreed for making investment in these fields.

Bokhari pointed out that Li has agreed to make investment in building a new power plant and Oil Exploration sector. KASB is also investing in New Horizon Exploration and Production Ltd.
Permission for setting up of this power plant from government has already been obtained,, he said.

The supply of gas for the plant has also been approved, he added.Bukhari said that KASB group in partnership with Li is taking  30% equity for 164 MW power project. Bukhari said that Li also evinced keenness interest in helping Pakistan for setting up of Zulfiqarabad Industrial Zone in Sindh near Karachi.

In this connection, Bokhari further said that Li would be visiting Pakistan later in this month. He pointed out that during his stay in China he held meetings with major Chinese corporations to attract investments in the country. He also highlighted that Pakistan has a unique value proposition for Chinese investors. He was confident that after his interactions soon more investments would be seen from China. – App

Previous Post

DG ISPR rejects NYT’s allegations levelled against Army, ISI

Next Post

Boehner to seek smaller $2 trillion deal

ToP

ToP

Related Posts

Warid 4G LTE
Companies

PTA-Warid row Over 4G LTE

by ToP
May 5, 2014
EDB urges China to invest in automobile industry
More

EDB urges China to invest in automobile industry

by ToP
July 27, 2011
Pakistani mangoes reach Japanese markets
More

Pakistani mangoes reach Japanese markets

by ToP
July 25, 2011
NFEH announces names of 65 companies for AEEA awards
More

NFEH announces names of 65 companies for AEEA awards

by ToP
July 21, 2011
Navy constructing missile boat
More

Navy constructing missile boat

by ToP
July 13, 2011
Honduras Truth Commission rules Zelaya removal was coup
More

Honduras Truth Commission rules Zelaya removal was coup

by ToP
July 8, 2011
Truckers’ conflict hits trade between India, Pakistan
More

Truckers’ conflict hits trade between India, Pakistan

by ToP
July 7, 2011
Next Post
Boehner to seek smaller $2 trillion deal

Boehner to seek smaller $2 trillion deal

Popular Stories

  • Pamela Anderson gets back into her Baywatch colour

    Pamela Anderson gets back into her Baywatch colour

    0 shares
    Share 0 Tweet 0
  • 9 Exotic Cat Breeds You May Have Never Seen Before

    0 shares
    Share 0 Tweet 0
  • Daniel Craig shows Bond strip for sexy shower scene

    0 shares
    Share 0 Tweet 0
  • Tio10 Best Scooter Riders in the World

    0 shares
    Share 0 Tweet 0
  • PM Nawaz Sharif Makes Damage Control Move

    0 shares
    Share 0 Tweet 0
Times of Pakistan

About Times Of Pakistan

kralbetbetturkeyikimislibahis1xbetm.infohipas.infohttps://www.wiibet.com/restbetcdn.com

Other Categories

  • Beautiful Pakistan
  • Fashion News
  • Funny News
  • Viral Videos
  • Weird News

Recent Posts

  • Quake toll at Turkiye-Syria over 9,600 deaths
  • Multiple killed, dozens injured in Peshawar Police Line mosque blast
  • Breath life into the Royal Era of the East with Shameel Khan

Times Of Pakistan © 2021. Design & Developed by E2E Solution Providers.

No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In