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Pakistan ditching US dollar for Chinese Yuan in trade

News Desk
2019-05-05

BEIJING: Pakistan along with other Belt and Road Initiative (BRI)countries ditching US dollar for Chinese Yuan in trade, it has...

Ditching US dollar, Pakistan moves closer to Chinese Yuan

News Desk
2019-03-19

KARACHI: In order to further expand the local Chinese Yuan (CNY) Clearingand Settlement Mechanism in Pakistan, the State Bank of...

In a historic move, Pakistan and China abondon US dollar in 15 billion bilateral trade

News Desk
2018-11-05

*ISLAMABAD – Pakistan and China have decided to abondon dollar in bilateraltrade.* *Pakistan and China will start trading in yuan...

Panda Bonds: Yet another option to save Pakistan s sinking economy

News Desk
2018-09-14

KARACHI – Pakistan government to approach panda bond market to diversifyits external financing sources, especially considering loan repaymentobligations ahead under...

China’s Yuan rises sharply against US Dollar

News Desk
2018-07-04

BEIJING: China’s yuan rose sharply against the dollar on Wednesday, a dayafter the central bank assured markets it would keep...

Pakistan China make history with new currency swap agreement worth billions of Dollars/Yuan

News Desk
2018-05-24

BEIJING: For the first time in History Pakistan and China have inked theunprecedented currency swap agreement. China’s central bank said...

Chinese Yuan set to take international stage

TOI
2018-03-10

BEIJING – According to the head of the People’s Bank of China Governor ZhouXiaochuan, the Chinese authorities will continue to...

Pakistan moving forward to trade in Chinese Yuan

News Desk
2018-03-02

*KARACHI:* With each passing day Pakistan has been inching closer to theChinese Yuan and moving away from the US Dollars....

Europe gradually ditching dollar for Chinese Yuan

News Desk
2018-01-17

BRUSSELS: More central banks in Europe revealed plans on Tuesday to holdyuan as part of their foreign currency reserves, highlighting...

Karachi – Beijing to create bilateral currency swap and settlement system

News Desk
2017-12-21

ISLAMABAD – The government of Pakistan is considering a proposal to start using the Chinese yuan in trade with China,...

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