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在线翻译:
szdaily -> Business_Markets
Pakistan considering use of yuan in trade with China
    2017-December-20  08:53    Shenzhen Daily

PAKISTAN is considering a proposal to replace the U.S. dollar with the Chinese yuan for bilateral trade between Pakistan and China, the country’s English-language newspaper Dawn reported yesterday.

Bilateral trade between the countries totalled US$13.8 billion in 2015 to 2016.

Interior Minister Ahsan Iqbal, who has been central to the planning and implementation of China-Pakistan economic ties, was reported discussing the proposal after unveiling a long-term economic development cooperation plan for the two countries.

Iqbal told reporters that Pakistan would continue to use the rupee domestically.

This came after Pakistan and China on Monday unveiled a long-term cooperation plan in economic development envisioning cooperation until at least 2030 in areas ranging from infrastructure to information technology.

It was the first time the two countries have announced how long they plan to work together on the project, known as the China Pakistan Economic Corridor (CPEC).

China has already committed to investing US$57 billion in Pakistan to finance CPEC as part of China’s Belt and Road Initiative to build a new Silk Road of land and maritime trade routes across more than 60 countries in Asia, Europe and Africa.

The long-term plan highlighted key cooperation areas between the two neighbors, which included connectivity with a road and rail infrastructure, information network infrastructure, energy, trade and industrial parks, agriculture, poverty alleviation and tourism.

The document did not, however, give specific details on the projects, such as terms and conditions of investments and loans, nor did it provide details for special economic zones, some of which are already underway in Pakistan.(SD-Agencies)

 

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