GLOBALink | RMB clearing bank launched in Pakistan to facilitate cross-border transactions with China

Updated: October 30, 2023 Source: Xinhua News Agency
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The Industrial and Commercial Bank of China (ICBC) in Pakistan has opened a renminbi (RMB) clearing bank, facilitating both Pakistani and Chinese businesses and financial institutions to settle cross-border transactions and meet the financing needs of the two countries.

Produced by Xinhua Global Service

Editor: Yu Huichen