Pakistan China decided to ditch dollar in bilateral trade.

[Jf Thunder]

so we can buy stuff from ali-express without dollars now?

 

[GumNaam]

so we can buy stuff from ali-express without dollars now?

Guess so...

 

[Jf Thunder]

Guess so...

so, how do I get those really cute toy quadcopters?
will customs stop it?

 

[Yaseen1]

imports will now become cheaper as china currency is also devaluing the problem is oil and fuel import which is done in dollars

 

[GumNaam]

so, how do I get those really cute toy quadcopters?
will customs stop it?

mnMNmn

 

[Jf Thunder]

mnMNmn

what?

 

[GumNaam]

imports will now become cheaper as china currency is also devaluing the problem is oil and fuel import which is done in dollars

dude...it is high time we say bye bye to iran and ksA and start extracting our own oil and gas...GOD knows we've got plenty of it, just that our leaders, both political and military, have not been utilizing our local oil and gas resources to keep the over-weight gulf sheikhs happy!

what?

means I dunno...

 

[Yaseen1]

russia and iran are willing to give oil and fuel on local currencies and their currency is also of low value but our govt fears sanctions from u.s exploration of oil and gas will benefit only when it is feasible and sometimes cost and security for exploration overweights the benefit

dude...it is high time we say bye bye to iran and ksA and start extracting our own oil and gas...GOD knows we've got plenty of it, just that our leaders, both political and military, have not been utilizing our local oil and gas resources to keep the over-weight gulf sheikhs happy!


means I dunno...

 

[OIO]

How would Pakistan get Chinese currency

Tourism is the best way to make quick money.

 

[Zhukov]

Everyone chill. This Pakistan China Bilateral Trade will not effect USD Demand worldwide as it is between two countries only. The Case of Iraq and Libya was different as they were oil producing countries and them rebelling against Dollar Based Payment system and going for Euro meant strengthening Euro in international market a great deal against USD. USA will not come after us for a Bilateral Currency swap with a single country. But yes It will have a small impact on USD Demand.

The Million Dollar Question is how will we get Yuan for Trade in this case? Our Trade deficit is already almost 10 times, we cannot export enough to china to get sufficient Yuans to pay back for our Imports bill to China. So it will be Financial Assistance from China? A Credit Line in Yuan may be? That seems to be the only way in this case. Or may be given Preferential access to Pakistani Goods into Chinese market?
Anyone having details please share with me. Cannot find details of the memorandum or agreement anywhere

 

[War Thunder]

USD is the grand mother of all evil.
Remove it from your transactions and your economy is half fixed.

 

[A.P. Richelieu]

Well?

Would you rather buy Chinese goods in usd or yuan? Which currency do you think is going to be easier for a Pakistani trader to purchase using PKRs? The Chinese Yuan or the usd? Our trader has to dish out over PKR130 for $1 while he has to spend less than PKR20 for 1 yuan... China is very keen on making their currency the currency of choice as the medium of exchange for international trade with ultimate aim of replacing the usd. I say we help them along and help ourselves as well.

ab gul samajh ayi??? @xyxmt

That must be about the dumbest argument so far on PDF.
In this case You would have to pay 130 Yuan, or $20.
What is Your gain?

The only thing working for You is that the Chinese might, just might reduce the price
since they have zero risk for exchange rates, but the most likely outcome is that they
keep that profit fir themselves.

 

[Dark-Destroyer]

Drone strikes starred on 18 June 2004. There was no Nawaz or Zardari until 2008.

https://www.thebureauinvestigates.c...ikes=1&location=pakistan&from=2004-1-1&to=now

Why did thr civillian goverments allow them to continue after all they were in power werent they

 

[GumNaam]

That must be about the dumbest argument so far on PDF.
In this case You would have to pay 130 Yuan, or $20.
What is Your gain?

The only thing working for You is that the Chinese might, just might reduce the price
since they have zero risk for exchange rates, but the most likely outcome is that they
keep that profit fir themselves.

I can understand the throbbing pain in your burning indian bunghole...listen from the 12:20 minute mark:

@xyxmt you listen as well please...

 

[Verve]

I can understand the throbbing pain in your burning indian bunghole...listen from the 12:20 minute mark:

@xyxmt you listen as well please...

$4.5B quietly deposited by China in SBP, it's part of the reserve.

Plus trading in local currencies ($10bn to China to be paid in Yuan now) plus transfer of tech plus much more.