Ashraf Mahmood Wathra: Pakistan and China further strengthen their bonds

Speech by Mr Ashraf Mahmood Wathra, Governor of the State Bank of Pakistan, at the signing of the Share Purchase Agreement with the Consortium of Chinese Exchanges and local financial institutions, Karachi, 20 January 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
16 March 2017

Bismillah Hon'ble Senator Muhammad Ishaq Dar, Finance Minister of Pakistan Mr. Zafar Hijazi, Chairman SECP Mr. Munir Kamal, Chairman, Pakistan Stock Exchange Ambassador Peoples Republic of China Distinguished Guests, Ladies and Gentlemen,

Assalam-o-Alaikum and Good Morning!

I am very thankful to Pakistan Stock Exchange to invite me today at this historic occasion in our economic history. Can a single word be used to describe the prosperity of developed countries in the past few decades? If I were to answer this question, I would say collaboration. In this global world, it is not possible for economies to grow in isolation. Hence, it should not come as a surprise to anyone that the most successful countries are the one that work in tandem with their neighbors and/or trading partners. Pakistan and China are taking that exact path beyond which a great future awaits!