TRADE & ECONOMY

Pakistan-Russia Trade and Investment Forum Kicks Off in Moscow, Signaling New Bilateral Relations

The first Pakistan-Russia Trade and Investment Forum is ongoing in Moscow, where Minister Abdul Aleem Khan highlighted opportunities for stronger bilateral relations and joint ventures, as trade surpasses $1 billion.
2024-10-01
Pakistan-Russia Trade and Investment Forum Kicks Off in Moscow, Signaling New Bilateral Relations

The inaugural Pakistan-Russia Trade and Investment Forum is currently taking place in Moscow, aiming to strengthen economic ties between the two nations. During the event, Minister for Privatization Abdul Aleem Khan expressed optimism that this forum represents the beginning of a new chapter in bilateral relations.

 

Minister Khan noted the historical diplomatic and commercial ties between Pakistan and Russia, highlighting Pakistan's commitment to fostering these relations. "We attach great importance to our relations with Russia," he stated, emphasizing the vast potential for joint ventures across various sectors.

 

He underscored the attractive business climate in Pakistan, asserting that the country is the fifth-largest market globally and boasts the most liberal trade and investment policies in the region. "Foreign investment in Pakistan is fully protected, and all our economic sectors are open for investment," Khan added.

 

Pakistan's Ambassador to Russia, Muhammad Khalid Jamali, also addressed the forum, expressing satisfaction that bilateral trade between the two nations has surpassed the $1 billion mark. He pointed out that this milestone reflects the increasing interest of both countries in enhancing their economic and trade relations. "Pakistan views Russia as an important and reliable trade partner," Ambassador Jamali affirmed, looking forward to further collaboration to bolster economic ties.

 

The forum aims to create opportunities for investment and business collaboration, with representatives from both countries participating in discussions about potential projects and partnerships.