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Pakistan refuses to allow use of Chinese currency for CPEC projects

ISLAMABAD: Calling it a matter of economic sovereignty, Pakistan has turned down China’s demand to allow use of yuan (Chinese currency) on the lines of the US dollar in the country for projects under the China-Pakistan Economic Corridor (CPEC). According to report published by the Times of India, the meeting between a top officials of China and Pakistan was held the other day in which they discussed a long-term developmental plan under the CPEC. During the meeting, the Chinese officials insisted to use renminbi (commonly…