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Tag: Chinese Yuan

dollar remittances

Chinese Yuan Edges Higher Against Dollar, Strengthens to 7.1043

April 22, 2024April 22, 2024Hamza Shahnawaz

The Chinese yuan saw a marginal increase against the U.S. dollar, edging up 3 pips to settle at a central parity rate of 7.1043, as reported by the China Foreign Exchange Trade System (CFETS) on Monday.

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Habib Bank

Ufone, Habib Bank sign agreement for trade financing in Chinese currency

October 11, 2019March 7, 2021Mrs. Anjum Shahnawaz

KARACHI: Pak Telecom Mobile Limited – Ufone and Habib Bank Limited (HBL) have signed a landmark agreement, through which HBL has extended a bilateral Trade Finance in Chinese Yuan (RMB/CNY) for the import of cellular network equipment through Huawei Technologies Co Ltd, a statement said on Friday. The Landmark agreement is part of one of […]

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