Summary:
Pakistan has established a robust regulatory framework to support the use and investment of the Chinese currency renminbi (RMB). This development was highlighted at an event in Karachi on November 25, 2025, marking the 10th anniversary of RMB internationalization in Pakistan, with officials from the State Bank of Pakistan and ICBC emphasizing its growing economic significance.
The internationalization of the Chinese currency renminbi (RMB) in Pakistan was marked by a significant event on November 25, 2025. Held in Karachi, the gathering celebrated a decade since its introduction, underscoring its expanding role within Pakistan’s financial landscape and its contribution to economic diversification.
Enhancing the Regulatory Framework for the Chinese Currency Renminbi
Muhammad Malik, Executive Director of the State Bank of Pakistan (SBP), addressed the 10th-anniversary attendees, confirming that Pakistan has developed a comprehensive regulatory framework. This robust structure aims to facilitate both the use and investment of the currency, signaling Pakistan’s commitment to strengthening economic ties.
The event was hosted by the Karachi branch of the Industrial and Commercial Bank of China (ICBC), which serves as Pakistan’s designated RMB clearing bank. ICBC’s pivotal role has been instrumental in ensuring smooth transactions and broader adoption of the currency across the nation, as highlighted by various financial news outlets including SindhNews.com.
The established framework for the Chinese currency renminbi reflects a strategic effort to deepen financial integration with China. This move is anticipated to enhance bilateral trade and investment, offering diversified financial instruments and bolstering Pakistan’s long-term economic stability and growth.