Minister, envoy to Russia discuss ways to bolster trade ties

ISLAMABAD: Muhammad Khalid Jamali, Pakistan’s Ambassador to Russia met with Federal Minister for Commerce Jam Kamal Khan t discuss ways to bolster trade and investment ties between Pakistan and Russia.

The high-level meeting, held in Islamabad, focused on exploring new avenues of economic cooperation, enhancing bilateral trade, and addressing existing challenges in the trade relationship between the two countries.

During the meeting, Ambassador Jamali emphasised the importance of deepening economic relations with Russia, a key global player and an emerging market with vast potential for Pakistani exports.

Jamali also stressed the need for a diversified trade portfolio, encouraging greater exports of textiles, agricultural products, and other goods to Russia.

Federal Minister Jam echoed the ambassador’s sentiments, acknowledging Russia as a crucial partner in Pakistan’s efforts to expand its economic horizons and reiterated the government’s commitment to facilitating trade and investment between the two nations.

The discussions also touched on the challenges that have impeded trade between the two countries and its solutions for a more robust financial framework to support trade transactions.

Copyright Business Recorder, 2024