Russian crude shipment paid in Chinese currency: Musadik Malik
- 13-Jun-2023
Pakistan paid for its first government-to-government import of Russian crude in Chinese currency, State Minister for Petroleum Musadik Malik said on Monday — a significant shift in its US dollar-dominated export payments policy. The first cargo of discounted Russian crude oil arranged under a new deal struck between Islamabad and Moscow arrived in Karachi on […]
Pakistan refuses to allow use of Chinese currency for CPEC projects
- 23-Nov-2017
ISLAMABAD: Calling it a matter of economic sovereignty, Pakistan has turned down China’s demand to allow use of yuan (Chinese currency) on the lines of the US dollar in the country for projects under the China-Pakistan Economic Corridor (CPEC). According to report published by the Times of India, the meeting between a top officials of China […]