Pakistan

70th anniversary of Pak-China relations: SBP issues fourth commemorative coin to bolster friendship

Taking friendship bond between Pakistan and China to a new height, the State Bank of Pakistan (SBP) has rolled out a Rs70 commemorative coin to mark the 70th anniversary of the establishment of diplomatic relations between the neighbouring countries.

Published 4 years ago on Jun 11th 2021, 4:09 am

By Web Desk

According to the central bank, the coin will be issued through the exchange counters of SBP Banking Services Corporation from June 11, 2021.

Foreign Minister Shah Mahmood Qureshi inaugurated the Rs70 commemorative coin to mark 70th anniversary of Pak-China diplomatic relations.

In his address the central bank’s Governor Dr Reza Baqir said: “It’s an honor for the central bank to be part of the tribute being paid by the government of Pakistan. Both China and Pakistan are cooperating with each other on various fronts.”

Baqir recalled that SBP had issued commemorative coins on the founding anniversary of the People’s Republic of China, the establishment of diplomatic relations between the two countries, and on the occasion to mark the Pakistan-China Year of Friendship.

FM @SMQureshiPTI inaugurates Rs70 Commemorative Coin to mark 70th anniversary of Pak-China diplomatic relationship along with Ambassador of China to Pakistan @AmbNong & Governor #SBP Dr Reza Baqir in an event today in Islamabad. See PR: https://t.co/SXjElk4OaJ pic.twitter.com/WZ47L0NRHf
— SBP (@StateBank_Pak) June 10, 2021

Foreign Minister Shah Mahmood Qureshi, in his address, termed the friendship between Pakistan and China a role model for the rest of the world.

He thanked Chinese President Xi Jinping for conceiving and heavily investing in the China-Pakistan Economic Corridor (CPEC).

Chinese Ambassador to Pakistan, Nong Rong said China and Pakistan share same views on all-important global issues.

The newly-issued coin is the fourth one of its kind on the subject of Pak-China relations. The first coin of Rs10 denomination was issued in October 2009, celebrating the auspicious occasion of 60th Anniversary of founding of People's Republic of China.

The second coin of Rs20 was issued in May 2011 to celebrate the 60th Anniversary of establishment of diplomatic relations between Pakistan and China as Year of Pak-China Friendship – 2011.

The third coin was launched in 2015 to mark 'Pakistan-China Year of Friendly Exchange 2015'.