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Pakistan's Habib Bank to start yuan operations in China

Habib Bank Ltd. plans to start Chinese yuan operations, to become the only Pakistani bank to offer end-to-end yuan intermediation, Dawn reported Oct. 11, citing a press release.

Habib Bank held discussions with the People's Bank of China around the increasing use of the yuan in trade between China and Pakistan. Habib Bank is the only Pakistani bank to have operations in China and will soon start yuan operations in the country.