Chinese currency to stand at par with US dollar in Pakistan (Source: The Daily Mail)

Updated 19 December 2017
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Chinese currency to stand at par with US dollar in Pakistan (Source: The Daily Mail)

The Daily Mail report from Islamabad states that the CPEC long-term plan, showcased on 18 December in Islamabad, seeks to give Chinese currency Renminbi a status at par with the US dollar in Pakistan to further cement the economic bond between the all-weather strategic partners, China and Pakistan, and reduce Pakistan’s reliance on the US dollar. The long-term plan also seeks China’s investment in agricultural production.

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