Aleem Khan Assures Russians of Secure Investments in Pakistan

In recent years, the relationship between Pakistan and Russia has been steadily growing, particularly in the realms of trade and investment. This development is crucial for both nations as they seek to enhance their economic ties and explore new opportunities. The recent Pakistan-Russia Trade and Investment Forum held in Moscow serves as a testament to this commitment, showcasing the potential for collaboration between the two countries.

During the opening session of this three-day forum, Federal Minister for Board of Investment, Privatization and Communications Abdul Aleem Khan emphasized that "investments are fully secured and safe" in Pakistan. He highlighted the ongoing promotion of business across various sectors, particularly the vast opportunities for joint ventures between Russia and Pakistan. This statement aims to reassure potential investors about the stability and security of their investments in Pakistan.

Aleem Khan pointed out that the trade volume between Pakistan and Russia has exceeded "1,000 million dollars" over the past year. This figure reflects the growing economic interdependence between the two nations, facilitated by improved connectivity through the recently implemented Transportation Agreement. Such agreements are vital as they pave the way for smoother trade operations and foster a more robust economic partnership.

In his address, Aleem Khan acknowledged the longstanding diplomatic and trade relations between Pakistan and Russia, which he believes can be further enhanced. He noted that as the population and markets of both countries continue to grow, there is a significant opportunity to expand trade. To this end, Pakistan has developed a five-year roadmap aimed at boosting exports to Russia, with the forum serving as a platform to promote business-to-business activities.

Furthermore, Aleem Khan mentioned the recent meeting between Russian President Vladimir Putin and Pakistan Prime Minister Mian Shehbaz Sharif, underscoring the desire to make Pakistan a "hub of trade and transit." He stressed the importance of minimizing tariff and non-tariff barriers to facilitate smoother trade flows. This is a critical step, as reducing these barriers can lead to increased trade volume and economic growth for both nations.

Pakistan's exports to Russia include a diverse range of products such as leather, textiles, fabrics, fruits, rice, vegetables, and surgical equipment. Conversely, Pakistan imports crude oil, mineral coal, frozen vegetables, synthetic rubber, and various chemicals from Russia. This exchange of goods highlights the complementary nature of the two economies and the potential for further growth.

With the participation of "70 companies from Pakistan and more than 100 entrepreneurs from Russia" at the Trade and Investment Forum, the event marks a significant step towards strengthening bilateral ties. Aleem Khan expressed his gratitude to the Deputy Minister of Trade and Industry of Russia, Alexey Gruzdev, for his support in organizing the forum. The active involvement of Pakistan’s Ambassador to Russia, Muhammad Khalid Jamali, and Trade Minister Shaukat Hayat further underscores the importance of this initiative.

The Pakistan-Russia Trade and Investment Forum represents a pivotal moment in the economic relationship between the two countries. As both nations work towards enhancing their trade ties, it is essential for businesses and investors to recognize the opportunities that lie ahead. By fostering collaboration and reducing barriers, Pakistan and Russia can create a more prosperous future, benefiting not only their economies but also their people.