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.

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