According to the Pakistani "Dawn" website reported on October 28, the Pakistani State Bank (central bank) president Jamille Ahmad said on the 27th that the use of RMB (7.3179, 0.0008, 0.01%) settlement with ChinaAnd investment transactions can further strengthen long -lasting economic and financial relations.
According to reports, Ahamed said in a ceremony to promote the use of RMB for cross -border settlement organized by the Industrial and Commercial Bank of China that the National Bank of Pakistan has established a necessary regulatory framework for promoting the use of RMB in trade and investment transactions, such asOpen RMB letter of credit and convenient use of RMB financing.
The event was to celebrate the RMB liquidation agency in Pakistan by the People's Bank of China.Ahmed said that enterprises in public sector and private sector can freely choose to use RMB for bilateral trade and investment activities.
Due to the efforts of the central bank to promote the use of RMB in China, Pakistan increased from 2%in 2017-2018 from 2%from 2017-2018 to 18%from 2017-2018.
According to the Singapore's "United Zaobao" website reported on October 29, the Pakistani RMB liquidation bank opened in the capital Islamabad.The opening ceremony was held on the 27th, marking the official launch of the Pakistani RMB clearing bank.
