• Thursday, December 08, 2022

ASIA

Pakistan refuses to allow Chinese yuan for CPEC projects the way it allows US dollars

By: Eastern Eye Staff

Pakistan has refused to allow free use of the Chinese yuan on the lines of the US dollar in the country as officials from the two nations met to decide on a long-term developmental plan under the USD 50 billion China- Pakistan Economic Corridor (CPEC), a media report said today. The meeting of senior officials from Pakistan and China yesterday decided to formally move ahead despite hurdles and finance at least three special economic/industrial zones (SEZs) and some important rail, electricity and road projects. The media reported quoting a senior government official that Pakistan was not ready to allow the…

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