Financial Representative of Pakistan：Muhammad Hanif

At the Forum of "Dialogue on Science and Technology Civilization and Co building Happiness" of The Belt and Road High-quality Development International Dialogue, Muhammad Hanif, Pakistan's National Financial Representative in China——Collaboration between digital finance and the Silk Road to create an inclusive and prosperous future.
 

Digital finance and Silk Road cooperation: creating an inclusive and prosperous future together

Muhammad Hanif

Financial Representative of Pakistan to China

As we all know that fintech plays a very key role in the economic development all over the world. And in Pakistan, we have seen that application of digital technology, digital payment, as well as financial inclusion, it has offer new economic development to all the corners of the country. The “Belt and Road” Initiative on this platform, we have been enable, and trying to bring more opportunities, market opportunities for all over the world. The ordinary citizens in Pakistan. So, to fintech, the ordinary people, the ordinary citizens have been able to access the market opportunities available all over the world.Secondly,  the“Belt and Road” Initiative to this platform, has played like a catalyst to this process. We have been Trying to build an inclusive financial ecosystem for economic development, for the country, and also for the society as well. 

As we all know again, fintech plays a very crucial role in economic and urban development. It not only facilitates the payment system but also helps in the integration it can increase the outreach of the ordinary people to the financial services. So, in this way it helps the inclusion of member of society in economic system and in the financial system. So, I mean the key role which fintech plays in the financial services. Through this, every member of society becomes part of the financial system, and it helps the capital formation. More and more capital can become part of the mainstream capital and that capital is widely available to businesses by a large, which supports businesses in a bigger way and it also provides stable supply of capital to the business, which ultimately helps in economic development and the prosperity of society. So again, I'll say under the "Belt and Road" Initiative, this actually provided this platform to capitalist role in increasing financial inclusiveness. And that ultimately has increased and enhanced the capital foundation available for the businesses. The businesses is also get more effectively serve stakeholders. That is how each person in society, whether a natural person or a corporate entity, all benefit from the fintech in a bigger way.

Well, in future, I should say fintech will play a lifelong innovation, we will continue to embrace lifelong learning and innovation, deeply integration it into every aspect of our lives. Just as we all know deal with financial resources and transactions, technology has already become an essential part of every aspect of our lives. Similarly, future also, we will see more and more technological integration, especially in fintech, in our lives which will also become a crucial part of the happiness industry and urban development. So, we should see more and more stable supply of capital formation, for higher and more good quality development in both the happiness industry and urban growth.Thank you!

Well, the construction of a happy society heavily relies on connectivity among people, cities and countries. The "Belt and Road" Initiative and the Silk Road Dialogue International Hall have provided this platform to connect people, to bridge people, enterprises, and institutions from different countries all over the world. The Silk Road Dialogue is not only a means of international cooperation but also a crucial initiative for building shared urban happiness. So, we really look forward to a truly open, interconnected, and collaborative future. Through the Silk Road Dialogue International Meeting Hall, we will build the Silk Road International Museum together, share in the Silk Road International Happiness Week, and participate in the joint development of global culture and technology, becoming ambassadors for global happiness. Through deep dialogue between technology and culture on the "Silk Road", let us join hands to build a more prosperous and happy global community. Thank you!