Pakistan, Russia to additional improve financial, commerce ties


The Ural Chamber of Commerce and Industry and the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) have signed a memorandum of understanding (MoU), creating additional financial and commerce cooperation alternatives between the 2 nations.

The Russian aspect was represented by Vice President Mikhail Kozlov whereas FPCCI was represented by Mohsin Sheikh, Director, and ex-chairman of the Pakistan-Russia Business Council. Minister for Economic Affairs Omar Khan witnessed the signing of the settlement signed on Thursday.

The signing ceremony was witnessed by Pakistan’s Federal Minister for Economic Affairs Omar Ayub Khan and attended by Ambassador of Pakistan in Russia Shafqat Ali Khan, Minister of Trade and Investment of the Embassy of Pakistan Nasir Hamid, representatives of the Russian Ministry of Economic Development Israfil R Ali-Khan, Nikita Buzanov and different officers of the 2 sides.

The settlement is seen as a brand new starting in relations between Pakistan and the Ural area of the nation.

Also learn: Pakistan, Russia vow to fight terrorist propaganda

Earlier right this moment, Mikhail Kozlov and Mohsin Sheikh accompanied by representatives of the Crescent Group and The Colony Group held a gathering on the Ural CCI to debate alternatives for commerce cooperation and new niches for Pakistani corporations that search to enter the Russian market.

The two nations have considerably strengthened their political and financial relations over the previous years regardless of the pandemic. The present intergovernmental negotiations on constructing the New Trade Corridor by means of the Pakistan-Central Asia-Russia is a transparent signal of the brand new web page within the strategic partnership between the 2 nations.

The growth comes days after Russia and Pakistan acknowledged one another’s efforts towards worldwide terrorism and resolved to proceed talks on counter-terrorism financing and the unfold of terrorist propaganda on the web.

In the assembly held on Monday, the 2 sides exchanged views on issues associated to the worldwide battle on terror and extremism, apart from the present challenges, in addition to new threats to worldwide and regional peace and safety.

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