Sunday, 28 November 2021

Tag Archives: bilateral trade

Pakistan to downgrade diplomatic relations with India, take Kashmir matter to UN

ISLAMABAD: Pakistan said on Wednesday it will “downgrade” diplomatic relations and suspend bilateral trade with arch-rival India after New Delhi stripped its portion of the contested Kashmir region of special status. Neighbours China and Pakistan, which both claim parts of the region, have voiced fierce opposition to India’s move dropping a constitutional ...

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Pakistan allows yuan-based trade with China

KARACHI: Pakistan’s central bank has allowed the Chinese yuan to be used for bilateral trade and investment activities, a move which could replace the US dollar for transactions in the strategic CPEC projects. The State Bank of Pakistan (SBP) said on Monday that all arrangements for using the Chinese currency ...

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