Pakistan's Financial Juggling Act: More Chinese Yuan Please!
Key Points
- Pakistan is seeking an additional 10 billion yuan ($1.4 bill...
Money doesn't grow on trees, but apparently, it does grow in yuan! Pakistan's latest economic strategy involves asking China for an extra 10 billion yuan ($1.4 billion) to pad their financial cushion, proving that good neighbors are worth their weight in gold - or in this case, renminbi.
Show Me the Yuan-y!
The request to expand their swap line with China (April 26, 2025) comes as Pakistan explores creative ways to diversify its funding sources. With an IMF climate resilience payout expected in May, they're leaving no stone unturned - or should we say, no currency unconverted?
Diplom...
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