Following the first-ever Pakistan-Russia trade and investment summit in Moscow, where a delegation of more than sixty Pakistani enterprises took part, the two nations have inked their first-ever barter trade agreement.
Abdul Aleem Khan, the Minister for Privatisation, stated his belief in the opening of new bilateral connections between the two nations during his speech.
There have been diplomatic and commercial contacts between Pakistan and Russia for a long time, he remarked. He stated Pakistan places a high value on its ties with Russia, stressing the potential for mutual business cooperation between the two countries in a variety of sectors.
Pakistan’s economic environment is appealing, as the Minister for Privatisation pointed out.
Having the most permissive trade and investment policies in the area, he said that Pakistan is the fifth-largest market in the world. According to him, foreign investment is completely protected in Pakistan. We invite investments in every area of our economy.
The one billion dollar mark in bilateral trade between Pakistan and Russia has pleased both countries, as stated by Pakistan’s ambassador to Russia, Muhammad Khalid Jamali, in remarks on the occasion. He said this indicates both nations’ growing desire to improve their trade and economic ties.
Russian trade is seen as significant and trustworthy by Pakistan, according to the envoy. In order to improve economic ties, he said Pakistan looks forward to working with Russia.
