Karachi, November 03, 2022 (PPI-OT): State Bank of Pakistan (SBP) and Peoples Bank of China (PBoC) have signed an MOU on establishing
RMB (Chinese currency) clearing arrangements in Pakistan. The MOU was signed by Governor SBP Mr.
Jameel Ahmad and Governor PBoC Mr. Yi Gang.
The establishment of the RMB clearing arrangement in Pakistan will further boost usage of RMB for cross-border transactions among Chinese and Pakistani enterprises and financial institutions. This will also promote bilateral trade and investment between the two countries.
For more information, contact:
Chief Spokesman,
State Bank of Pakistan (SBP)
Central Directorate
I.I. Chundrigar Road, Karachi, Pakistan
Tel: +92-21-111-727-111
Tel: +92-21-39212562
Fax: +92-21-39212433 – 39212436
Email: chief.spokesperson@sbp.org.pk
Website: www.sbp.org.pk
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