First truck of Russian goods arrives in Pakistan
Trade volume between Pakistan and Asean, including Indonesia, is not according to its true potential. Photo: file
The first truck carrying export goods from Russia has successfully arrived in Pakistan, marking an important milestone under the Transport International Routes (TIR) Convention. The road transport agreement between Pakistan and Russia holds great importance in the current geographical and economic context, according to Federal Minister of Communications Asad Mehmood. He highlighted the agreement’s potential as a catalyst for boosting Pakistan’s economy and facilitating expanded trade.
The Russian Embassy confirmed the successful arrival of goods from Russia under the TIR Convention, signalling a positive trajectory in Pakistan-Russia trade. By May 2023, trade between the two countries had witnessed a nearly 50% increase, surpassing $760 million. This milestone represents a crucial step toward strengthening mutual cooperation.
Mehmood reiterated the significance of the road transport agreement between Pakistan and Russia, which was signed during his visit to Moscow in November 2022.
Published in The Express Tribune, July 9th, 2023.
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