April 2023: MOU Signing Ceremony Between NIBAF & PCICL

December 2022: Outstanding Pakistani Staff for CPEC Projects

Mr. Hussain Feroz Rattani, Divisional Head, Corporate Banking of PCICL has been awarded as Outstanding Pakistani Staff for CPEC Project on his valuable input & initiatives for the CPEC Projects. The award is highly valued by the Pakistani side and warmly praised by the National Development and Reform Commission, Chinese Embassy and other domestic authorities. The award ceremony was held at Chinese Embassy at Islamabad, with Mr. Ahsan Iqbal, the Minister of Planning, Development and Special Initiatives for the Government of Pakistan as Chief Guest of the occasion.  
 

September 2022: Chief Representative of Power China in Pakistan \Chairman of All Pakistan Chinese Enterprise Association (APCEA), Mr. Yang Jianduo visited PCICL

Mr. Yang Jianguo, Chief Representative of Power China in Pakistan and also Chairman of All Pakistan Chinese Enterprise Association (APCEA) visited PCICL and hold a meeting with Mr. Jiang Ketao. Both sides agreed to strengthen cooperation in projects undertaken by Power China in Pakistan. Mr. Yang also appreciated the role of PCICL as member of APCEA.
 

Sep 2022: Syed Manzoor Hussain Zaidi, CEO of Engro Pwergen Thar (Pvt) Ltd and Mr. Farooq Barkat, CFO of Engro Energy Limited visited PCICL

Sep 2022: Visit of Mr. Danyaal Jamal, CFO of Thar Energy Limited (TEL) and Thal Nova Power Thar (Private) Limited (TN)

August 2022: Ms. Amanda Cheng, Country Manager & Head of FIs, HBL China Operations Visited PCICL to Meet the Managing Director of PCICL

Mr. Jiang Ketao held a meeting with Ms. Amanda Chengat PCICL Head office. Ms. Amanda shared the history and key business of HBL and also major operations of Beijing Branch of the bank. Both sides discussed the RMB internationalization and agreed to strengthen the cooperation between the two institutions in the future.

June 2022: -Xinjiang Bayi Iron and Steel, the Pre-Qualified Bidders for Pakistan Steel Mills Limited Visited Pakistan

One of the pre-qualified bidders for Privatization of Pakistan Steel Mills Corporation; Xinjiang Bayi Iron and Steel, visited Pak China Investment Company Limited. Being the Financial Advisor of Government of Pakistan for privatization of Pakistan Steel Mills Corporation, Investment Banking Team assisted the delegation during the visit & arranged their meetings with different Government officials. The delegation met with government officials of various departments such as Ministry of Industries and Production, Ministry of Maritime Affairs, Ministry of Finance, Ministry of Commerce, National Tariff Commission, Board of Investment, State Bank of Pakistan, Federal Board of Revenue, Sindh Revenue Board, and Industries and Commerce Department of Sindh. The delegation also visited PSMC site and Iron Ore and Coal Berth to assess the condition of the plan.

November 2021: K-Electric, 900 MW RLNG Project Financing Documents Signing Ceremony in Dubai

Mr. Abbas Ather Hamadani, Group Head Corporate Banking along with his team attended the RLNG project financing documents signing ceremony held in Dubai. Signing ceremony was arranged by K-Electric Limited, where all lenders of 900 MW RLNG Power Plant were invited for official Financial Closure of project facility amounting to USD 613 million.

The meeting was attended by KE Officials, including Mr. Monis Alvi (CEO) along with the foreign and local financial institutions. PCICL participated in the facility by PKR 1 billion.
 
 
 

June 2022: Mr. Farrukh H Khan, CEO of Pakistan Stock Exchange Limited Visited Pak China Investment Company

June 2022: Ms. Zhang CEO of Deli-JW Glassware Company Limited Visited Pak China Investment Company

Ms. Zhang, CEO of Deli-JW Glassware Company Limited Visited Pak China Investment Company in June, 2022. She appreciated PCICL’s role in facilitation of the Chinese investment in Pakistan, and is also assisting in financing of the Deli-JW project. Pak China Investment Company Limited acted as the lead arranger and advisor for the Syndicated Term Finance Facility up to PKR 2,474 million for the procurement of land, equipment and payment of import charges to achieve COD. The objective of the project is to establish a modern, world-class Glass Manufacturing Complex for the production of premium, export quality glass products in Pakistan. The project will utilize the natural resources in Pakistan and use latest technology to convert into glassware, float glass and other kinds of glass products.

June 2022: VIS Assigns Long Term Entity Rating of 'AAA' to Pak China Investment Company Limited

VIS Credit Rating Company Limited (VIS) re-affirmed the entity ratings of Pak China Investment Company Limited at ‘AAA/A-1+’ (Triple A/A-One Plus). The medium to long-term rating of ‘AAA’ denotes highest credit quality, with negligible risk factors, being only slightly more than for risk-free debt of Government of Pakistan. The short-term rating of ‘A-1+’ denotes highest certainty of timely payment, liquidity factors are outstanding and safety is just below risk-free short-term obligations of GoP. Outlook on the assigned ratings is ‘Stable’. Complete rating report is accessible at following link at VIS Rating Agency’s website:

May 2022: Signing of MoU between Pak China Investment Company Limited and Industrial & Commercial Bank of China Limited

A Memorandum of Understanding (MoU) was signed between Pak China Investment Company (PCICL) & Pakistan operations of Industrial and Commercial Bank of China Limited (ICBC) to provide better financing and advisory services to Pakistani and Chinese Companies, especially to the projects under China-Pakistan Economic Corridor (CPEC).  
 Chinese Counsellor from Embassy of the People's Republic of China in Pakistan was Chief Guest of the signing ceremony held at Chinese Embassy. The ceremony was attended by Mr. Jiang Ketao, Managing Director (A) of PCICL and Mr. Yuan Baoxin, Head of ICBC Islamabad operations along with senior management of both institutions. 
 
According to the MoU, both sides agreed to cooperate on the basis of this MoU, and finalize a comprehensive cooperation model to facilitate and offer financial facilities (funded / non-funded) to Pakistani and Chinese companies. Both companies hoped that this MoU between PCICL and ICBC would further strengthen business relations between Pakistan and China.