ANI
26 Nov 2021, 05:33 GMT+10
Saint Petersburg [Russia], November 25 (ANI): Pakistan and the Russian region of Ural signed a memorandum of understanding to boost bilateral cooperation, the Pakistani Embassy in Russia said on Thursday.
This comes after representatives from the two sides discussed trade cooperation, including new opportunities for Pakistani companies to enter the Russian market.
The agreement came amid the 7th meeting of the Pakistan-Russia Inter-Governmental Commission on Trade, Economic, Scientific, and Technical Cooperation held in Russia from November 24-26.
"The Ural Chamber of Commerce and Industry, represented by Vice President Mikhail Kozlov, and the Federation of Pakistan Chambers of Commerce and Industry, represented by Mohsin Sheikh, Director and Ex-Chairman of the Pakistan-Russia Business Council, signed a Memorandum of Understanding creating further economic and trade cooperation opportunities between the two countries," the embassy said in a statement obtained by Sputnik.
"The current intergovernmental negotiations on building the New Trade Corridor through Pakistan-Central Asia-Russia is a clear sign of a new page in the strategic partnership between Russia and Islamabad," the statement read.
Russia and Pakistan have managed to boost their political and economic ties in recent years despite the coronavirus pandemic, it added.
The signing ceremony was held in the Russian city of Yekaterinburg, attended by the Pakistani Minister for Economic Affairs Omar Ayub Khan, Pakistani Ambassador to Russia Shafqat Ali Khan, among other Pakistani officials, as well as representatives of the Russian Ministry of Economic Development. (ANI)Get a daily dose of Malaysia Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Malaysia Sun.
More InformationWASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...
New Delhi [India], July 9 (ANI): Global money laundering and terrorist financing watchdog FATF has for the first time introduced the...
New Delhi [India], July 9 (ANI): Former Australian fast bowler Gordon Rorke passed away at the age of 87. Rorke, known for his towering...
LHASA, July 9 (Xinhua) -- At an apple base in Bepa Town of Nyingchi, southwest China's Xizang Autonomous Region, which sits at an altitude...
New Delhi [India], July 9 (ANI): In a landmark moment for Indian pickleball, Vanshik Kapadia, representing the All India Pickleball...
Wellington [New Zealand], July 9 (ANI): Ahead of the tri-series against Zimbabwe and South Africa, New Zealand have suffered a major...
LONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...
OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...
NEW YORK, New York - U.S. and global markets showed a mixed performance in Tuesday's trading session, with some indices edging higher...
PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...
NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...