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Russia ready to increase energy supplies to Pakistan | SAMAA TV
Prime Minister Shehbaz Sharif underscored Pakistan's commitment to bolstering its relations with Russia during a meeting with Russian President Vladimir Putin on the sidelines of the Shanghai Cooperation Organization (SCO) summit.
The meeting, held in Astana, Kazakhstan, saw both leaders expressing mutual determination to enhance their countries' bilateral ties, particularly in trade and energy.
Prime Minister Sharif congratulated President Putin on his re-election and expressed optimism about Russia's continued development under his leadership. He highlighted the long-standing friendly relations between Pakistan and Russia, noting the positive trajectory these relations have taken over recent years.
"Pakistan has a long-standing business relationship with Russia. Our bilateral trade currently stands at approximately $1 billion, and there is significant potential to expand this by addressing financial and banking issues," Prime Minister Sharif stated.
He also emphasized the historical trade relations between the two countries, recalling the barter trade system of the 1950s to 1970s, where Pakistan imported machinery from Russia and exported textiles and leather goods.
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