FAISALABAD: Russian Ambassador to Pakistan Alexey Dedov on Friday saidbilateral trade between Pakistan and Russia hadn’t risen as prospected dueto artificial barriers and efforts were underway to remove theseimpediments.
While presiding to the business community at the Faisalabad Chamber ofCommerce and Industry (FCCI) on Friday, Mr Dedov highlighted diplomaticrelations between both countries were profound since 1948, reports *ExpressTribune.*
He added that Russia had aided Pakistan’s development in a big way, citingexamples of Pakistan Steel Mills and various energy-related projects weredeveloped with its cooperation.
Till now, roughly 200 ventures have been formed in Pakistan in varioussectors including telecommunication, engineering, construction, said MrDedov.
He expressed optimism that cooperation between both the countries wouldfurther deepen.
In response to a query, Mr Dedov told an environment beneficial for traderelations would need to be created within the ambit of the framework.
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Mr Dedov recommended that businesses communities from both countries shouldtake part in international trade fairs and exhibitions in order to cementdirect business-to-business (B2B) links.
The Russian ambassador to Pakistan said the country was initiating work onan offshore gas pipeline in Pakistan, which would enable in resolvingenergy issues in upcountry areas.
While talking about banking channels, Mr Dedov shared efforts were ongoingto streamline things, however, Pakistan’s exporters could manage theiraffairs via the Central Bank of Russia (CBR) to avoid any setback.
