02/09/2026
Direct RMB-to-PKR conversion has begun for companies operating in Gwadar’s South and North Free Zones, strengthening financial links between Pakistan and China. The new arrangement can help Chinese businesses reduce currency conversion costs, with savings of up to Rs500,000 on a Rs10 million transaction. ICBC’s Karachi branch will serve as Pakistan’s RMB clearing bank. Read more at: https://bit.ly/4gJ8pnM