Originally published at: https://www.mawazna.com/blog/large-chinese-investment-bank-planning-to-enter-pakistan/
The Pakistan Banking Sector could see the introduction of Credit Lyonnais Securities Asia (CLSA) soon – The leading investment bank in Asia. The Chairman of CLSA met with the Federal Minister of Privatization, Daniyal Aziz, where they discussed close relations between the two countries.
CLSA are looking at the expansion of Pakistan in a more favourable way than the likes of the USA and the bank believes there are opportunities aplenty due to China Pakistan Economic Corridor (CPEC).
Pakistan offers a lot of opportunities to the bank in a wide range of sectors such as banking, agriculture and energy all of which is driven by the speed at which the economy is developing. It was made clear that 14 entities are could potentially be privatized, all of which could form relationships with CLSA, to identify potential investment opportunities.
This is a great sign for the economy in Pakistan, proving that many companies and institutions from around the world are now considering Pakistan and the many growing industries that it offers.