Thursday, March 10, 2011

Currency swap: President stresses swift progress

Published: March 11, 2011
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Zardari emphasises the need for early finalisation of a currency swap agreement with China.
ISLAMABAD: President Asif Ali Zardari has emphasised the need for early finalisation of a currency swap agreement with China, saying such arrangements should also be made with Turkey and Sri Lanka to promote trade.
He was speaking during a meeting at the President’s House on Thursday. Briefing the media, the president’s spokesperson Farhatullah Babar said that State Bank Governor Shahid Kardar gave a briefing on progress made so far on currency swap arrangements with China.
Talking about Turkey and Sri Lanka, he said that Turkey has responded positively to such arrangement, adding that a Pakistani delegation recently visited Sri Lanka and held meetings with the State Bank of Sri Lanka governor.


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