Important Business News 3 January, 2018

Important Business News

3 January, 2018



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China backs Pakistan against Trump’s attack

China on Tuesday reiterated that Pakistan had made enormous sacrifices in the fight against terrorism and the international community should acknowledge its outstanding contributions to the global cause of counter terrorism.



Business Recorder


Pakistani, Chinese enterprises are free to trade in Yaun: SBP

The State Bank of Pakistan (SBP) on Tuesday said that Pakistani and Chinese enterprises are free to trade and invest in Chinese Yuan (CNY) instead of US dollar-dominating currency for international trade.
In this regard, Industrial and Commercial Bank of China Limited (ICBC) Pakistan has been allowed to establish a local CNY settlement and clearing setup in Pakistan enabling it to open CNY accounts of the banks operating in Pakistan and to facilitate settlement of CNY based transactions such as remittance to/from China.



Business Recorder


Cabinet to allow transit of auto parts to Afghanistan

The federal cabinet, which is set to meet on Wednesday (today) with Prime Minister ShahidKhaqanAbbasi in the chair, will allow transit of Toyota spare parts to Afghanistan to be used by the United Nations Assistance Mission in Afghanistan (UNAMA), well-informed sources told Business Recorder.



Business Recorder

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