Home / Brokerage / Pak China currency 3 year swap arrangement signed – Alfalah Securities Limited

Pak China currency 3 year swap arrangement signed – Alfalah Securities Limited

Karachi: People’s Bank of China (PBC) and the State Bank of Pakistan (SBP) signed a bilateral currency swap arrangement for 3 years period to boost bilateral trade.

According to Alfalah Securities Limited, the bilateral currency arrangement has been made in Chinese Yuan of 10 billion and Pak Rupee of 40 billion for the purpose of promoting bilateral trade and investment and strengthening financial cooperation. The swap could be extended with mutual consent upon expiration after 3 years.

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