China's central bank said on Wednesday that the People's Bank of China (PBOC) and the State Bank of Pakistan recently had renewed their bilateral currency swap agreement with a swap size of 30 billion yuan/1,180 billion Pakistani rupees.
The agreement is valid for three years and can be further extended upon mutual consent.
The PBOC said renewing the agreement will help strengthen financial cooperation and expand the use of local currencies between the two countries while also promoting bilateral trade and facilitating investment.
Central banks of China, Pakistan renew bilateral currency swap agreement
The Bayannur section of the Yellow River in north China's Inner Mongolia Autonomous Region became fully frozen as of 07:00 Sunday, officially entering its stable winter ice period.
Freezing of the river commenced on December 4, 2025, but repeated thawing and refreezing driven by temperature fluctuations and higher water flow postponed a full, stable freeze-over. The entire process lasted 48 days, 29 days longer than the previous year, making it the longest freezing period for this section in recent years.
In response to the extended and volatile freezing process, local authorities in Bayannur City and districts along the river have intensified their ice-jam prevention efforts. Officials have been conducting thorough inspections to identify and manage any potential obstacles within the river channel that could contribute to dangerous ice dams.
To ensure safety and stability during the frozen season, a 24-hour monitoring and patrol system has been implemented along the riverbanks to watch for any signs of ice-related hazards.
Inner Mongolia section of Yellow River enters stable ice period after 48 days
