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Stability in credit profile can be achieved with CPEC: Moody’s

Moody’s investors service says as Pakistan is currently at a stable B3 credit rating, the economic activities will get stronger with investment through CPEC and will help maintaining the credits profile. The report considers high debt burden, low debt affordability, weak physical and social infrastructure, increasing external payments, increased imports, …

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Pak-China promotes banking support to CPEC.

  After establishing first branch in Karachi, the Bank of China has now launched clearing and settlement mechanism of Chinse yuan. It has been a great advancing by Pakistan and China towards providing banking support to their Socio-Economic partnership. Till now Pakistan is conducting international trade in dollars, the arrangements …

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