Establishing the Chinese Yuan in Pakistan

Establishing the Chinese Yuan in Pakistan

Establishing the Chinese Yuan in Pakistan By Sabena Siddiqui After establishing its first branch in Karachi, the commercial capital of Pakistan, last November, the Bank of China recently launched a clearing and settlement mechanism of Chinese yuan. Having received clearance from the State Bank of Pakistan (SBP) for denominating foreign-currency transactions, More...

by pak_adnews | Published 5 months ago
What is Bitcoin
By pak_adnews On Thursday, December 14th, 2017

What Is Bitcoin?

A visual representation of bitcoin alongside a selection of fiat currencies on Dec. 07, 2017, in London, England What Is Bitcoin? To know how it will affect the economy, we need to be able to define it. By George More...

By pak_adnews On Wednesday, January 25th, 2017

Pakistan ranked 116th, improving slightly in global corruption index

The annual global Corruption Index, released by Transparency International (TI), has ranked Pakistan number 116 of 176 countries that were included in the index for the year 2016. The rank indicates a ‘high’ More...

By pak_adnews On Thursday, January 28th, 2016

Pakistan’s Clean Power Push seeks $1 Billion Funding From China

By Anindya Upadhyay Pakistani officials expect to add 800 megawatts in 2016 Deal signed in 2015 will channel money from China for years Pakistan expects half of the $1 billion it’s seeking for clean-energy More...

By pak_adnews On Friday, September 20th, 2013

Privatization: Pakistan’s solution for Economy Growth

By SAEED SHAH Pakistan’s new finance minister, who has already moved to pull the economy from the brink and garnered vital support from the International Monetary Fund, said in an interview that the country More...

By pak_adnews On Tuesday, January 29th, 2013

Pak-China bilateral trade crosses $12 billion mark

The overall bilateral trade of Pakistan and China last year 2012 crossed the figure of $12 billion for the first time, according to the latest data released by the China Customs on Monday. The major export contributing More...

By pak_adnews On Monday, January 14th, 2013

Overseas Pakistanis’ bounty fails to pull economy out of doldrums

As the Pakistan Peoples Party government is about to complete its five-year tenure, amazing economic figures have appeared in official documents, showing failures of economic managers. The State Bank of Pakistan’s More...

By pak_adnews On Thursday, January 10th, 2013

India may be granted MFN this month

ISLAMABAD – Pakistan is likely to grant most favoured nation (MFN) status to India within ongoing month of January by abolishing the negative list of trade, a top official of Commerce Ministry said on Wednesday. He More...