On June 4, 2024, an impactful seminar titled ‘Pakistan’s Macroeconomic Policy and Market Opportunities’ successfully took place, a collaborative effort between HBL, Qingdao Rural and Commercial Bank, and the Shanghai Cooperation Organization Demonstration Zone. This event was organized with the guidance and support of the Qingdao Bureau of Commerce and the Qingdao Municipal Party Committee Financial Office.
Distinguished figures like Risha Mohyeddin, Global Treasurer of HBL Treasury and Global Markets; Cheng Wei, Country Manager of HBL China; Yu Hao, Deputy Director of Qingdao Municipal Bureau of Commerce; and Yang Weiwei, Deputy Director of Qingdao Municipal Party Committee Financial Office were among the key participants. Representatives from over 70 enterprises attended, indicating a widespread interest in Pakistan’s economic landscape.
Mr. Risha Mohyeddin delivered a comprehensive presentation, delving into Pakistan’s local economy, foreign exchange policy, and market opportunities. He offered an insightful analysis of the country’s economic status, industrial policy, market demand, and capital flows, emphasizing significant opportunities in sectors like agriculture, energy, and information technology. His guidance on aligning products and services with market needs was particularly valuable.
Highlighting the importance of strengthening bilateral financial ties, Mr. Mohyeddin advocated for increased efforts in developing connectivity business in Shandong Province. He stressed leveraging strengths in agricultural inclusion, financing, and services to aid poverty alleviation and agricultural support. Additionally, he underscored the strategic advantages of the China-Pakistan Economic Corridor in bolstering trade and project financing links with South Asia.
Interactive sessions facilitated direct engagement between enterprises and key speakers, providing valuable insights into topics such as cross-border RMB settlement in China-Pakistan trade and foreign exchange transactions. These sessions fostered deeper business relationships and offered avenues for collaboration.
The seminar has injected new energy into financial cooperation between Pakistan and China. HBL and Qingdao Rural and Commercial Bank have pledged to deepen pragmatic cooperation under the Belt and Road Initiative, exploring innovative models and paths to adapt to the evolving international landscape. HBL remains committed to leveraging its financial expertise to enhance economic and trade cooperation between Pakistan and China, contributing to mutual development and prosperity.
This seminar represents a significant stride in strengthening Pakistan-China financial and economic ties, promising a host of new opportunities and collaborative ventures in the future.