Karachi:
Pakistan has to develop a balanced foreign economic policy and achieve a coin exchange agreement with Russia, while utilizing the enormous potential of the European nation and the safeguarding of local economic interests, as the global economic class is changing rapidly, economic and economic.
“Other countries take care of their own financial goals, but unfortunately we are working to thank someone else. We have no competent negotiators who can negotiate because we need Russian oil and its products,” said former Pak-Russia Business Council president.
“We need a balanced agreement with Russia on balanced foreign economic policy and monetary agreement to protect the country’s interests rather than serving interests,” the business leader said.
He points out that India was negotiating with Russia and China in their respective local coins – ruble and yuan. If Pakistan Melania a coin exchange agreement with Russia will be a great success.
“Despite major sanctions, India has become the largest oil importer from Russia and buys a discount.
Pakistan would have to explore Russia’s huge market, as the southern custom with glittering products and high quality agricultural products.
Russia has enormous potential as it imports textile products valued at $ 72 billion, including $ 42 billion clothing. Pakistan does not export a few $ 40 million textile products to Russia, although it can easily carry $ 10 billion as soon as it exploits the Russian market.
In the pharmaceutical arena, there is a huge gap of $ 30 billion, which can be bridged by Pakistani companies. Pakistan exports medicines that estimate only $ 10 million. Similarly, Russia imports fruits, vegetables and meat worth $ 45 billion. Imports of sports goods amount to $ 5.5 billion.
A meeting was held a meeting between Russian Deputy Foreign Minister Sergei Rambkov and Deputy Prime Minister of Pakistan and Foreign Minister Ishaq Dar in Islamabad. It was named a timely, integrated, interactive and productive event that underlined a valid alternative medium corridor and a huge economic and consumer market, which would be an additional value to diplomatic balancing efforts.
Russia provides an opportunity for further differentiation of commercial destinations, the formation of consortia in steel and cement production as well as the exploration of energy, the consolidation of food security, the acquisition of modern military equipment and the involvement of anti -terrorism cooperation and the achievement of the objectives.
In addition, it is a vibrant reflection of a balanced foreign policy, strict economic diplomacy, positive political consultation, social cohesion and a common determination to confront Western hegemonic plans. Therefore, further enhancement of trade, economic, industrial, infrastructure, energy (oil and gas), digital and China-Pakistan cooperation (CPEC) will be a step in the right direction.
The rapidly changing chessboard of politics encouraged Pakistan and Russia to accelerate the further strengthening of bilateral relations in various sectors of the economy, create consortia and ensure the safety of food and energy safety. They will also participate in the development of infrastructure, interregional transport, climate change cooperation and steel businesses for mutual benefit, according to economic nationalists and regional experts.
The 15th round of Pakistani-Russia’s advisory team for strategic stability emphasized the importance of improved socio-economic integration, interregional connectivity and energy cooperation.
Increasing bilateral trade more than $ 1 billion, enhanced cooperation of liquefied natural gas supplies (LNG) and Pakistan’s flow pipeline work will play an important role.
To pursue a long -term, multi -dimensional partnership that covers trade, energy, education, culture, security and exchanges with people, bilateral trade can be enhanced by differentiation, consortiums in mutual preferential areas, mainly oil and oil and oil. machinery.
Both countries could start direct flights and work together in the field of Informatics, Digitization, Artificial Intelligence, Robotics, Tourism, Green Technologies and Modern Technology.
In addition, the establishment of commercial houses in large cities and small and medium -sized businesses, in the bank and finance sector, the optimal utilization of bilateral ports Gwadar under the CPEC, the development of common special financial and free trading zones in the Chinese model, rationalizing the procedures of theory and the procedures.
Economic general and regional expert Dr. Mehmoodul Hassan Khan said: “Our diplomatic staff published in all Central Asia countries and Russia always remains frustrating, disconnected and displeasing, giving a tour of Indian missions.
“It seems that Pakistan’s external missions always remain hostile and non -productive, contributing to anything to strengthen bilateral relationships, waste their actions and resources for self -confidence, ritual activities and are trying to stay away from businessmen and investors.”
He emphasized the need for urgency transformation into diplomatic gestures, also conducts preferences along with the appointment of regional experts, mainly in Moscow and the Central Asia region, which would gradually strengthen bilateral ties and take them in the right direction.
Trade between Pakistan and Russia FY24 consists of exports to $ 78,904 and imports to $ 1,020.170. The most important Pakistan export elements were clothing accessories articles, leather, medical and surgical instruments, optics and more. Its imports included iron, steel, fossil fuels, electrical machinery and equipment and fertilizers.
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