Chinese Yuan Edges Higher Against Dollar, Strengthens to 7.1043

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.

by Hamza Shahnawaz

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

Oct 11

IT & Telecom, Money & Banking

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

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 […]

by Mrs. Anjum Shahnawaz