At an event marking the 10th anniversary of the renminbi (RMB) clearing bank in Pakistan, Muhammad Malik, Executive Director of the State Bank of Pakistan, said Pakistan has established a comprehensive regulatory framework that fully supports the use and investment of the Chinese currency. He noted that the central bank has been promoting RMB awareness, enhancing transaction-clearing capabilities, and ensuring that local banks and businesses understand the advantages of conducting transactions in RMB.
Zhou Yongkun, Director-General of the Macro-Prudential Management Bureau of the People’s Bank of China, said RMB settlements between China and Pakistan reached 19.4 billion yuan in 2024, accounting for 23 percent of the two countries’ cross-border trade payments.
Source: People’s Daily, November 26, 2025
https://world.people.com.cn/n1/2025/1126/c1002-40611715.html