Islamabad -- The President of Federation of Chambers of Comerce and Industry (FPCCI) Engr. Daroo Khan Achakzai has underscored the need to use Ren Min Bi RMB as trading currency between Pakistan and China.
He was talking to a Chinese delegation that visited FPCCI on Saturday.
He said that Currency Swap would be mutually beneficial and go a long way in strengthening economic ties between the two neighboring countries.
'China is a trillion dollar economy, trillion dollar exports and imports, surplus in current account, high and growing per capita income with low level of inflation, unemployment and certainly lower interest rate'',he added.
He highlighted that average trade volume between Pakistan and China is about US$ 20 billion annually in which imports from China is US$ 18 billion and export from Pakistan to China is merely US$ 2 billion. There is a huge...