The transaction signals a shift in Pakistan’s US dollar-dominated export payments policy Pakistan has paid for its first shipment of crude oil from Russia in Chinese yuan, Reuters reported on Monday, citing Pakistani Petroleum Minister Musadik Malik. The cargo was delivered to the Karachi port thanks to a deal struck by Russia and Pakistan in January. The first order under the deal was placed in April. Malik did not disclose any other details on the price or discounts applied to the purchase. According to the outlet, the transaction in yuan represents a significant shift in Pakistan’s US dollar-dominated export pa
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