Pakistan, China soon to deal in RMB/PKR

ISLAMABAD (PEN): Chaudhry Salik Hussain, the Federal Minister for the Board of Investment (BOI), stated that due to Pakistan’s financial Challenges, China and Pakistan are preparing to do business in Renminbi (RMB) and Pakistani Rupees (PKR). He further stated that continuing negotiations were taking place between Pakistan and China to resolve the issue. He stated that this would strengthen trade connections between the two friendly countries and that CPEC had already significantly improved Pakistan’s economic growth and standard of living and produced favorable economic impacts.