Positive development reported in Pakistan - Russia bilateral ties

Positive development reported in Pakistan - Russia bilateral ties

ISLAMABAD: The trade between Russia and Pakistan is on the rise after Transport International Routes (TIR).

According to the spokesperson of the Russian embassy in Pakistan, the first truck carrying goods has reached Pakistan under Transport International Routes (TIR).

Whereas the trade between Russia and Pakistan has raised by 50 percent till May 2023, the trade volume has reached to $760 million.

Furthermore, the spokesperson of the Russian embassy said that these measures are steps to strengthening the trade relationship between the two countries.

Earlier, in a historic development, the first ship carrying Russian oil arrived at Karachi port. The ship brought 45,142 metric tons of crude oil to Pakistan. The ship which arrived before the cyclone was anchored at berth OP2.

Minister of State for Petroleum Musadik Malik said the first shipment of 100,000 tons of crude oil from Russia was poised to anchor at Oman Port by the month’s end, from where it would be gradually brought to Pakistani ports by small ships.