KARACHI: The central banks of Pakistan and China have signed a memorandum of understanding on setting up RMB clearing arrangements in Pakistan to increase RMB usage for cross-border transactions,.
The central banks of Pakistan and China have signed a memorandum of understanding (MoU) on setting up yuan clearing arrangements in the South Asian country to increase the Chinese currency's usage for cross-border transactions.The MOU was .
KARACHI: In view of the expectations of aid inflows from international financial institutions, the Pakistani rupee maintained its upward momentum against the US dollar for the 11th straight session.