Islamabad, April 30, 2025 – The Europe Today: In a significant move to bolster economic cooperation between China and Pakistan, Precise Development (Hong Kong) Limited, China, has signed a Memorandum of Understanding (MoU) with Bank Makramah Ltd (BML) to streamline and support Chinese investments in Pakistan.
The agreement was formally signed by Mr. Farhan Baig, Deputy CEO of BML, and Mr. David CHU, CEO of Precise Development (Hong Kong) Limited, China, during a special ceremony attended by senior management from both institutions. Mr. Khalid Taimur Akram, Director (Eurasian Region) of Precise Development (Hong Kong) Limited, China, was also present at the signing.
This MoU is aimed at facilitating seamless financial solutions for Pakistani and Chinese business houses, thereby enhancing bilateral investment opportunities and strengthening economic ties under the broader framework of regional cooperation.
Special appreciation was extended to Mr. Jawad Majid Khan, President and CEO of Bank Makramah Ltd, for his visionary leadership and for initiating this landmark agreement—marking the first-of-its-kind collaboration between a leading Chinese development firm and a Pakistani financial institution.
The partnership reflects a shared commitment to promoting sustainable economic development and fostering a robust investment climate in Pakistan.
