Moscow, News Report: Deputy Prime Minister of the Russian Federation Alexey Overchuk and Pakistan’s Minister of Privatization, Investment and Communications Abdul Aleem Khan met in Moscow to bolster Russian-Pakistani trade and economic cooperation.
The two leaders discussed bilateral and multilateral opportunities during their meeting, which coincided with the Russian-Pakistan Trade and Investment Forum held on October 1-2, 2024.
Overchuk expressed gratitude for Khan’s participation in the forum, highlighting the dynamic growth in interaction between the two nations. Key areas of cooperation include:
– Transport and logistics
– Industrial collaboration
– Investment partnerships
Pakistan’s interest in the North-South International Transport Corridor was particularly welcomed. This corridor aims to integrate maritime, rail, and road routes, facilitating trade between South Asia and Europe via Central Asia, the Caucasus, and Russia.
_Benefits of the Corridor:_
– Reduced travel times by 40%
– Shipping expense reduction by 30%
– Enhanced trade opportunities for Pakistan
– Increased energy security through access to Central Asian resources
The meeting underscores Russia’s efforts to strengthen ties with Pakistan, diversifying economic partnerships beyond traditional markets.
_Reaction from Officials:_
“We welcome Pakistan’s interest in the North-South International Transport Corridor, which will boost economic growth and regional connectivity,” said Overchuk.
“Pakistan values its strategic partnership with Russia and seeks to expand cooperation in various sectors,” added Khan.
This development marks a significant step forward in Russia-Pakistan economic relations, with further collaborations expected in the near future.
