May 25 (Sputnik): Pakistan's yuan-denominated imports from China jumped from 5.6% (in 2016) to 19.1% (in 2025) and have now reached nearly 25% in 2026.
Bilateral currency swap agreement stands at 30 billion CNY.
RMB clearing system operational – banks (ICBC, Bank of China) handle letters of credit and trade finance without USD conversion.
Pakistan issued its first Panda Bonds worth $250 million (yuan-denominated bonds on China's mainland market).
Pakistan calls this experience a "model" and now seeks similar currency agreements with Russia and Iran.
