Moscow (TDI): Federal Minister for Privatization Abdul Aleem Khan said on Thursday that Pakistan plans to increase its exports to Russia to over $4 billion in the next five years.
He made these remarks while addressing the Pakistan-Russia Trade and Investment Forum.
“In the next five years, Pakistan wants to increase its exports to Russia to $4.25 billion,” Aleem was quoted as saying by his ministry. “Pakistan’s target to increase exports will move ahead with a new plan of action.”
The three-day forum from October 1 to 3 helped bridge the gap between Pakistan and Russian business communities and strengthened investment ties between the two nations.
Led by Aleem Khan, Pakistan’s delegation comprised officials from more than 70 companies.
Read More: Aleem Khan, Russian DPM Discuss Cooperation
Speaking on the occasion, Aleem Khan said the forum proved to be very productive for both sides while appreciating the strong participation of over 100 Russian companies. He urged both sides to work together to overcome these challenges and explore solutions.
The minister highlighted that both countries needed to create banking channels, alternative payment methods, and a streamlined payment system to facilitate mutual trade.
Read More: Pakistan, Russia Forge New Trade Ties at Moscow Investment Forum
In discussions with the Moscow Chamber of Commerce, Minister Abdul Aleem Khan reaffirmed Pakistan’s commitment to taking into account the recommendations of the Russian business community to boost bilateral trade.
Aleem thanked the forum for hosting the Pakistani delegation, and said he would return home “with pleasant memories and strong hopes.”
The minister also invited the Russian delegation to participate in the Textile Expo in Pakistan later this October. He ensured that the Russian delegation would receive full hospitality, including air tickets, accommodation, and transport.
