[Pakistani Minister of Electric Power: hope to purchase Russian Oil in RMB] May 10, the Minister of Electric Power of Pakistan said that Pakistan has placed an order for a ship of Russian oil, but is eager to reach a long-term agreement to purchase in RMB. Khurram Dastgir Khan, the minister of state for electricity, said in an interview late last week that the first shipment of crude oil was paid in US dollars, but Pakistan hoped to pay in RMB in the future, and that there was a currency swap agreement between Pakistan and China. "We hope that if this becomes a long-term arrangement, it will be a deal between the Pakistani rupee and the Chinese renminbi," he said. "maybe currency swaps need to be bigger so that we can seize other opportunities that may arise." (Bloomberg)