China and Pakistan are Witnessing Emergence of a Tighter Financial Chain: NBP Chief Representative

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Witnessing Emergence

NBP’s Chief Calls for Stronger Financial Cooperation Under CPEC at CISCE 2025

Beijing – Sheikh Muhammad Shariq, Chief Representative of the National Bank of Pakistan (NBP) in Beijing, has emphasized the urgent need for developing cross-border financial mechanisms under the China-Pakistan Economic Corridor (CPEC). Speaking in an exclusive interview during the 3rd China International Supply Chain Expo (CISCE), he highlighted that establishing RMB-PKR settlement frameworks, syndicated lending structures, and project-specific risk mitigation tools such as guarantees and insurance is now critical for the next phase of CPEC.

NBP Beijing: Strengthening Financial Ties Since 1981

Since its establishment in 1981, NBP’s Beijing Office has been at the forefront of facilitating localized financial services for Chinese companies investing in Pakistan. From energy and infrastructure to telecom projects, the bank has played a vital role in enabling smooth financial operations.

“In Gwadar Port, we’ve supported banking arrangements for port operations, free zone development, and logistics projects,” said Mr. Shariq. “Our role is to ensure financial coordination for Chinese enterprises involved in CPEC projects.”

Tackling Regulatory and Banking Challenges

While Chinese companies are eager to expand into Pakistan, they often face significant hurdles such as:

  • Complex regulatory compliance

  • Complicated banking procedures

  • Varying tax structures

  • Local operational risks

  • Legal framework differences

  • Delays in approval processes

  • Issues with fund repatriation

To address these, NBP provides on-ground financial advisory, compliance assistance, and transactional support. “Our goal is to help Chinese businesses navigate these local challenges confidently and ensure their operations continue without interruption,” added Mr. Shariq.

Enabling Cross-Border E-Commerce

NBP is also actively working to support cross-border e-commerce between China and Pakistan. The bank facilitates cooperation through:

  • Trade finance solutions

  • Payment gateways

  • Regulatory alignment

“Our partnership with UnionPay International allows smoother digital transactions for Chinese businesses in Pakistan,” Mr. Shariq noted. “We are developing infrastructure to support RMB settlements, digital wallets, and online escrow services. These are vital as e-commerce continues to grow.”

NBP is also building frameworks for payment collection and trade settlements to benefit major digital platforms indirectly, further enabling financial cooperation in the digital economy.

China’s Financial Opening Up: A Positive Sign

Mr. Shariq praised China’s continued efforts to open up its financial sector. Over the years, these efforts have directly benefitted NBP’s business in China through:

  • Improved market access

  • Enhanced regulatory transparency

  • Expansion of cross-border payment systems

  • Greater RMB internationalization

“These developments show China’s commitment to global financial integration and offer new opportunities for cooperation under CPEC,” he said.

Building a “Financial Chain” Alongside the Trade Route

At the Supply Chain Expo, Mr. Shariq introduced a deeper concept: the emergence of a ‘financial chain’ that runs parallel to the physical trade routes established through CPEC. This financial chain includes:

  • Coordinated banking networks

  • Cross-border payment systems

  • Trade finance tools

  • Investment facilitation

All these elements contribute to stronger, more resilient bilateral supply chains.

Future Goals: Local Currency Settlements & Digital Infrastructure

Looking ahead, Mr. Shariq proposed several steps to deepen financial cooperation between China and Pakistan:

  • Digitalizing financial infrastructure

  • Promoting RMB-PKR settlements

  • Developing joint financing platforms

  • Aligning regulatory standards

“With platforms like CISCE promoting international collaboration, China and Pakistan are well-positioned to become vital enablers of modern global supply chains,” he concluded.

NBP’s Chief Calls for Stronger Financial Cooperation Under CPEC at CISCE 2025

Beijing – Sheikh Muhammad Shariq, Chief Representative of the National Bank of Pakistan (NBP) in Beijing, has emphasized the urgent need for developing cross-border financial mechanisms under the China-Pakistan Economic Corridor (CPEC). Speaking in an exclusive interview during the 3rd China International Supply Chain Expo (CISCE), he highlighted that establishing RMB-PKR settlement frameworks, syndicated lending structures, and project-specific risk mitigation tools such as guarantees and insurance is now critical for the next phase of CPEC.

NBP Beijing: Strengthening Financial Ties Since 1981

Since its establishment in 1981, NBP’s Beijing Office has been at the forefront of facilitating localized financial services for Chinese companies investing in Pakistan. From energy and infrastructure to telecom projects, the bank has played a vital role in enabling smooth financial operations.

“In Gwadar Port, we’ve supported banking arrangements for port operations, free zone development, and logistics projects,” said Mr. Shariq. “Our role is to ensure financial coordination for Chinese enterprises involved in CPEC projects.”

Tackling Regulatory and Banking Challenges

While Chinese companies are eager to expand into Pakistan, they often face significant hurdles such as:

  • Complex regulatory compliance

  • Complicated banking procedures

  • Varying tax structures

  • Local operational risks

  • Legal framework differences

  • Delays in approval processes

  • Issues with fund repatriation

To address these, NBP provides on-ground financial advisory, compliance assistance, and transactional support. “Our goal is to help Chinese businesses navigate these local challenges confidently and ensure their operations continue without interruption,” added Mr. Shariq.

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Enabling Cross-Border E-Commerce

NBP is also actively working to support cross-border e-commerce between China and Pakistan. The bank facilitates cooperation through:

  • Trade finance solutions

  • Payment gateways

  • Regulatory alignment

“Our partnership with UnionPay International allows smoother digital transactions for Chinese businesses in Pakistan,” Mr. Shariq noted. “We are developing infrastructure to support RMB settlements, digital wallets, and online escrow services. These are vital as e-commerce continues to grow.”

NBP is also building frameworks for payment collection and trade settlements to benefit major digital platforms indirectly, further enabling financial cooperation in the digital economy.

China’s Financial Opening Up: A Positive Sign

Mr. Shariq praised China’s continued efforts to open up its financial sector. Over the years, these efforts have directly benefitted NBP’s business in China through:

  • Improved market access

  • Enhanced regulatory transparency

  • Expansion of cross-border payment systems

  • Greater RMB internationalization

“These developments show China’s commitment to global financial integration and offer new opportunities for cooperation under CPEC,” he said.

Building a “Financial Chain” Alongside the Trade Route

At the Supply Chain Expo, Mr. Shariq introduced a deeper concept: the emergence of a ‘financial chain’ that runs parallel to the physical trade routes established through CPEC. This financial chain includes:

  • Coordinated banking networks

  • Cross-border payment systems

  • Trade finance tools

  • Investment facilitation

All these elements contribute to stronger, more resilient bilateral supply chains.

Future Goals: Local Currency Settlements & Digital Infrastructure

Looking ahead, Mr. Shariq proposed several steps to deepen financial cooperation between China and Pakistan:

  • Digitalizing financial infrastructure

  • Promoting RMB-PKR settlements

  • Developing joint financing platforms

  • Aligning regulatory standards

“With platforms like CISCE promoting international collaboration, China and Pakistan are well-positioned to become vital enablers of modern global supply chains,” he concluded.

NBP’s Chief Calls for Stronger Financial Cooperation Under CPEC at CISCE 2025

Beijing – Sheikh Muhammad Shariq, Chief Representative of the National Bank of Pakistan (NBP) in Beijing, has emphasized the urgent need for developing cross-border financial mechanisms under the China-Pakistan Economic Corridor (CPEC). Speaking in an exclusive interview during the 3rd China International Supply Chain Expo (CISCE), he highlighted that establishing RMB-PKR settlement frameworks, syndicated lending structures, and project-specific risk mitigation tools such as guarantees and insurance is now critical for the next phase of CPEC.

NBP Beijing: Strengthening Financial Ties Since 1981

Since its establishment in 1981, NBP’s Beijing Office has been at the forefront of facilitating localized financial services for Chinese companies investing in Pakistan. From energy and infrastructure to telecom projects, the bank has played a vital role in enabling smooth financial operations.

“In Gwadar Port, we’ve supported banking arrangements for port operations, free zone development, and logistics projects,” said Mr. Shariq. “Our role is to ensure financial coordination for Chinese enterprises involved in CPEC projects.”

Tackling Regulatory and Banking Challenges

While Chinese companies are eager to expand into Pakistan, they often face significant hurdles such as:

  • Complex regulatory compliance

  • Complicated banking procedures

  • Varying tax structures

  • Local operational risks

  • Legal framework differences

  • Delays in approval processes

  • Issues with fund repatriation

To address these, NBP provides on-ground financial advisory, compliance assistance, and transactional support. “Our goal is to help Chinese businesses navigate these local challenges confidently and ensure their operations continue without interruption,” added Mr. Shariq.

Enabling Cross-Border E-Commerce

NBP is also actively working to support cross-border e-commerce between China and Pakistan. The bank facilitates cooperation through:

  • Trade finance solutions

  • Payment gateways

  • Regulatory alignment

“Our partnership with UnionPay International allows smoother digital transactions for Chinese businesses in Pakistan,” Mr. Shariq noted. “We are developing infrastructure to support RMB settlements, digital wallets, and online escrow services. These are vital as e-commerce continues to grow.”

NBP is also building frameworks for payment collection and trade settlements to benefit major digital platforms indirectly, further enabling financial cooperation in the digital economy.

China’s Financial Opening Up: A Positive Sign

Mr. Shariq praised China’s continued efforts to open up its financial sector. Over the years, these efforts have directly benefitted NBP’s business in China through:

  • Improved market access

  • Enhanced regulatory transparency

  • Expansion of cross-border payment systems

  • Greater RMB internationalization

“These developments show China’s commitment to global financial integration and offer new opportunities for cooperation under CPEC,” he said.

Building a “Financial Chain” Alongside the Trade Route

At the Supply Chain Expo, Mr. Shariq introduced a deeper concept: the emergence of a ‘financial chain’ that runs parallel to the physical trade routes established through CPEC. This financial chain includes:

  • Coordinated banking networks

  • Cross-border payment systems

  • Trade finance tools

  • Investment facilitation

All these elements contribute to stronger, more resilient bilateral supply chains.

Future Goals: Local Currency Settlements & Digital Infrastructure

Looking ahead, Mr. Shariq proposed several steps to deepen financial cooperation between China and Pakistan:

  • Digitalizing financial infrastructure

  • Promoting RMB-PKR settlements

  • Developing joint financing platforms

  • Aligning regulatory standards

“With platforms like CISCE promoting international collaboration, China and Pakistan are well-positioned to become vital enablers of modern global supply chains,” he concluded.

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