Alwaght | News & Analysis Website

Map of  Latest Battlefield Developments in Syria and Iraq on

Editor's Choice

News

Most Viewed

Day Week Month

In Focus

World against US Recognizing Al-Quds as Israeli Capital

World against US Recognizing Al-Quds as Israeli Capital

undefined
Myanmar Committing Genocide, Ethnic Cleansing against Rohingya Muslims

Myanmar Committing Genocide, Ethnic Cleansing against Rohingya Muslims

undefined
Awamiyah: Saudi Regime Killing Own Civilians

Awamiyah: Saudi Regime Killing Own Civilians

undefined
Qatar Row Deepens Persian Gulf States Rifts

Qatar Row Deepens Persian Gulf States Rifts

undefined
Ansarullah

Ansarullah

A Zaidi Shiite movement operating in Yemen. It seeks to establish a democratic government in Yemen.
Shiite

Shiite

represents the second largest denomination of Islam. Shiites believe Ali (peace be upon him) to be prophet"s successor in the Caliphate.
Resistance

Resistance

Axis of Resistances refers to countries and movements with common political goal, i.e., resisting against Zionist regime, America and other western powers. Iran, Syria, Hezbollah in Lebanon, and Hamas in Palestine are considered as the Axis of Resistance.
Persian Gulf Cooperation Council

Persian Gulf Cooperation Council

A regional political u n i o n consisting of Arab states of the Persian Gulf, except for Iraq.
ISIS Terrorist Group

ISIS Terrorist Group

A terrorist group that fights against Resistance Axis in Syria and Iraq. It was founded & armed by America and its allies covertly.
Taliban

Taliban

Taliban is a Sunni fundamentalist movement in Afghanistan. It was founded by Mohammed Omar in 1994.
  Wahhabism & Extremism

Wahhabism & Extremism

Wahhabism is an extremist pseudo-Sunni movement, which labels non-Wahhabi Muslims as apostates thus paving the way for their bloodshed.
Kurds

Kurds

Kurds are an ethnic group in the Middle East, mostly inhabiting a region, which spans adjacent parts of Iran, Iraq, Syria, and Turkey. They are an Iranian people and speak the Kurdish languages, which form a subgroup of the Northwestern Iranian branch of Iranian languages.
NATO

NATO

The North Atlantic Treaty Organization is an intergovernmental military alliance based on the North Atlantic Treaty which was signed on 4 April 1949.
Islamic Awakening

Islamic Awakening

Refers to a revival of the Islam throughout the world, that began in 1979 by Iranian Revolution that established an Islamic republic.
Al-Qaeda

Al-Qaeda

A militant Sunni organization founded by Osama bin Laden at some point between 1988 and 1989
New node

New node

alwaght.com
News

Pakistan Plans Dumping US Dollar, Favors Yuan in Trade with China

Tuesday 19 December 2017
Pakistan Plans Dumping US Dollar, Favors Yuan in Trade with China

Alwaght- Pakistan is considering a proposal to replace the US dollar with the Chinese yuan for bilateral trade between Pakistan and China.

According to a report published by the English-language daily newspaper Dawn on Tuesday, Interior Minister Ahsan Iqbal, who has been central to the planning and implementation of China-Pakistan economic ties, was reported discussing the proposal after unveiling a long-term economic development cooperation plan for the two countries.

Bilateral trade between the countries totaled $13.8 billion in 2015 to 2016.

The long-term plan highlighted key cooperation areas between the neighboring states including road and rail connections, information network infrastructure, energy, trade and industrial parks, agriculture, poverty alleviation and tourism.

The plan marks the first time the two countries have said how long they plan to work together on the project, known as the China Pakistan Economic Corridor (CPEC), taking the economic partnership to at least 2030.

China has already committed to investing $57 billion in Pakistan to finance CPEC as part of Beijing's "Belt and Road" initiative to build a new Silk Road of land and maritime trade routes across more than 60 countries in Asia, Europe and Africa.

As long predicted, the dollar’s dominance on the world’s economic stage is wavering and likely to completely collapse soon given the gradual dumping of the dollar by Russia, Iran, China and Venezuela with more countries expected to follow. 

 

Tags :

China Pakistan US Dollar Yuan

Comments
Name :
Email :
* Text :
Send

Gallery

Photo

Film

Death Toll From Iraq`s Twin Attacks Climbs to 38, over 100 Injured

Death Toll From Iraq`s Twin Attacks Climbs to 38, over 100 Injured