In the long run, as China’s currency is increasingly used abroad, it will be one of the few leading global currencies, however US strength will maintain the supremacy of the US dollar, according to analysts at a Sino-German roundtable.
The financing is the largest foreign direct investment in Pakistan's history and is expected to help create the world's fifth largest copper mine in Chagai, which is expected to start producing copper in 2028.
Global ESG sukuk increased by 12% in H1 2025 to about $50bn equivalent outstanding. The GCC accounted for over half of this, led by Saudi Arabia and the UAE, while Malaysia and Indonesia together represented 40%. Pakistan made a market debut as an issuer.
By combining credit assessments driven by artificial intelligence (AI) and big data with cutting edge digital infrastructure, FinVolution Group plans to empower financial institutions and advance financial inclusion across Asia, explains Joseph Ruan, chief operating officer of the fintech firm’s Philippines business.
Pakistan: Best Bank (DOMESTIC) | Best Bank for Financial Inclusion (DOMESTIC) | Best Commercial Bank - SMEs (DOMESTIC) | Best Sustainable Bank (DOMESTIC) | Most DEI Progressive - Banks (DOMESTIC) | Most Innovative Use of Technology - Banks (DOMESTIC)
US president Donald Trump's sweeping tariffs, from April 9, are set to hit China, India, Taiwan, South Korea and many other countries hard; China has responded in kind sparking a global trade war threat.