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Pakistan - China sign documents to do trading in their own money

AZADPAKISTAN2009

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ISLAMABAD: Governor State Bank of Pakistan (SBP), Yaseen Anwar, called on Prime Minister Raja Pervez Ashraf on Tuesday and congratulated the Prime Minister on assuming the responsibilities of the Prime Minister’s office. The governor briefed the Prime Minister on the state of the economy of the country and SBP’s measures to bring in financial stability on sustainable basis. The governor said currency swap between China and Turkey would boost trade between Pakistan and China and between Turkey and Pakistan. He said the opening of two bank branches of Chinese Bank ICBC in Islamabad and Karachi would greatly encourage the Chinese investors to invest in Pakistan. The Bank of China is also planning to open branch in Pakistan, he said. Bankazi, Turkish largest Private Bank is also planning to open its branches in Pakistan, which is good mean for investment, he said. staff report

Out with dollar in with the Rupee
 

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