The State Bank of Pakistan (SBP) and the Peoples Bank of China (PBC) have signed a memorandum of understanding (MoU) on establishing RMB (Chinese currency) clearing arrangements in Pakistan. The MOU was signed by State Bank of Pakistan Governor Jameel Ahmad and Peoples Bank of China Governor Yi ...

Washington: US Treasury Secretary Steven Mnuchin warned China on Wednesday against engaging in competitive currency devaluations as the two countries wage a trade war, in comments published in the Financial Times. There are several factors behind the recent fall in the Chinese yuan, or renminbi ...

WASHINGTON: China’s foreign ministry said on Tuesday that information coming out of United States regarding the Chinese currency is “a bit chaotic”, after U.S. President Donald Trump accused China in a Twitter post on Monday of devaluing its currency. Ministry spokeswoman Hua ...

BEIJING: China’s foreign exchange reserves rose slightly in March as broad U.S. dollar weakness continued and escalating trade tensions between the world’s two largest economies bolstered expectations of a firmer Chinese currency. Reserves rose $9 billion in March to $3.143 trillion, ...

ISLAMABAD - Pakistan on Tuesday has dismissed China’s demand to allow usage of its currency in Gwadar’s free trade zone under China Pakistan Economic Corridor.As per details, Pakistani officials argued that any such step would undermine country’s ‘economic sovereignty’. The final message ...