Askari bank opens its new branch at the Gwadar Port premises. The branch was inaugurated by Dostain Khan Jamaldini Chairman Gwadar Port Authority Present at the occasion were Rashid Nawaz Tipu Group Head Askari Bank, Rashid Iqbal Shaikh Regional General Manager Askari Bank, Peter Hu Deputy General Manager China overseas Port Holding Company Limited and other prominent personalities from the business community of China and Pakistan. By opening this new branch, Askari Bank becomes the first bank to have its presence at the premises of the port which is emerging as the hub of economic activities in the region. This initiative will also serve the growth and development of China Pakistan Economic Corridor (CPEC).
The bank is already involved in a number of prof ects aligned with CPEC, including the Neelum Jhelum Power Project, upgradation of the Karakoram Highway, Suki Kinari Power Project and a number of motorway, railway and airport projects. The bank has a strong presence amidst the Chinese community doing business in Pakistan. Askari Bank has also opened a representative office in Beijing, China, in 2016, which has further strengthened its presence within the Chinese community, thus enabling the Bank to serve its customers across both sides of the border.