Monday , June 1 2020

Pakistan and China to trade in Chinese currency

Pakistan and China will start trading in Chinese currency yuan now, instead of dollars. 

Information minister Fawad Chaudhry on Monday told, “The trade between Pakistan and China has been valued at $15 billion. The two countries are mutually working and cooperation to improve their economic relations.

“China has stood by us at all times, we built a corridor together, and now we are opening its doors for agriculture and new industrial zones,” he further added.

The currency swap arrangement between the State Bank of Pakistan and People’s Bank of China has been extended by three years.

Information Minister said that we are steeping ahead to pull Pakistan out of major economic crisis. He added that we are also mutually working on space programs and the first astronaut to go in space will be in 2022. He said that SUPARCO will inaugurate taking its applications.

 

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