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United Bank Limited (UBL) has opened its office in China on commercial basis from Thursday. UBL President Atif Bukhari stated this while talking to a private TV channel, he said that purpose of opening office in China is to carry out transactions with global market.
UBL has planned to gain 10 to 20 percent shares from Pakistan-China trade market whereas other banking facilities including letter of credit and money transactions would also be provided to the importers of both the countries. Atif Bukhari said that UBL is planning to open branch in India and application had already been forwarded to Indian government in this connection.

Copyright Associated Press of Pakistan, 2008

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