First Pakistan-Russia Trade and Investment Forum kicks off in Moscow

Pakistan’s Minister for Board of Investment, Privatization and Communications Abdul Aleem Khan is chairing a meeting in Islamabad, Pakistan on April 25, 2024. (@investinpak/File)
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Updated 01 October 2024
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First Pakistan-Russia Trade and Investment Forum kicks off in Moscow

  • Over 70 Pakistani businesspersons, 100 Russian companies are taking part in event 
  • Ties between Pakistan and Russia, once Cold War rivals, have warmed up in recent years 

ISLAMABAD: Pakistan’s Privatization Minister Abdul Aleem Khan has said Islamabad is seeking enhanced cooperation with Russia in several avenues, as the first ever trade and investment forum between the two countries kicked off in Moscow on Tuesday. 

Khan is leading a delegation of over 70 businesspersons from various sectors in the first ever Pakistan-Russia Trade & Investment Forum in Moscow. According to the state-owned Pakistan Television News, over 100 Russian companies are taking part in the forum as well. 

Speaking at the forum, Khan said the current volume of trade between the two countries does not reflect the true potential of Pakistan and Russia. The minister said today is the “start of new bilateral relations with Russia,” according to PTV News. 

“He said this forum will open new avenues of trade and investment between the two countries,” PTV said, adding that Islamabad attaches “huge importance” to its ties with Moscow. 

According to the PTV, Russian Deputy Trade and Investment Minister Alexey Gruzdev said interactions between the business delegations of both countries will have a positive impact on their bilateral ties. 

Pakistan and Russia, once Cold War rivals, have warmed up to each other in recent years through regular business and trade interactions. As Islamabad seeks to enhance its role as a transit hub for landlocked economies in Central Asia, it has expressed interest in connecting with Russia through Central Asia for bilateral trade.

Islamabad’s ties with Russia also saw significant improvement last year after Pakistan started purchasing Russian crude oil at a discount. Geopolitical tensions triggered fuel prices to more than double in Pakistan last year, forcing the country to opt for cheaper sources of fuel. 

Pakistan also received its first shipment of liquified petroleum gas from Russia in September 2023, marking Islamabad’s second major Russian energy purchase.

Russia’s Deputy Prime Minister Alexei Overchuk arrived in Islamabad last month for a brief visit to the country, seeking to expand trade and investment ties with Pakistan. 


Pakistan to play India in T20 World Cup, government says

Updated 09 February 2026
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Pakistan to play India in T20 World Cup, government says

  • Islamabad announced boycotting the Feb. 15 match in Colombo to protest the ICC’s exclusion of Bangladesh from the T20 World Cup
  • Pakistan’s government says the decision to play India is taken to protect ‘spirit of cricket and to support the continuity of global sport’

ISLAMABAD: Pakistan Prime Minister Shehbaz Sharif has cleared the country’s cricket team to play India in the T20 World Cup on Feb. 15, the Pakistani government announced late Monday, ending a week-long standoff.

Islamabad announced boycotting the Feb. 15 match in Colombo to protest the International Cricket Council’s (ICC) exclusion of Bangladesh from the T20 World Cup, following Dhaka’s decision to not play matches in India owing to security fears.

On Sunday, ICC Deputy Chairman Imran Khwaja arrived in Lahore for talks with Pakistan Cricket Board (PCB) officials and Bangladesh Cricket Board (BCB) President Aminul Islam as the sport’s governing body strived to save the high-stakes T20 World Cup encounter.

PCB Chairman Mohsin Naqvi met PM Sharif late Monday and briefed him regarding the outcomes of high-level deliberations held between the PCB, Bangladesh board and ICC representatives, the Pakistani government said on X.

“The Government of Pakistan has reviewed the formal requests extended to the PCB by the Bangladesh Cricket Board, as well as the supporting communications from Sri Lanka, the United Arab Emirates, and other member nations. These correspondences sought Pakistan’s leadership in securing a viable solution to recent challenges,” the Pakistani government said.

“In view of the outcomes achieved in multilateral discussions, as well as the request of friendly countries, the Government of Pakistan hereby directs the Pakistan National Cricket Team to take the field on February 15, 2026, for its scheduled fixture in the ICC Men’s T20 World Cup.”

The BCB earlier thanked the PCB, ICC and all others for their positive roles in trying to “overcome recent challenges,” particularly thanking PCB Chairman Naqvi and Pakistani cricket fans for demonstrating “exemplary sportsmanship and solidarity.”

“We are deeply moved by Pakistan’s efforts to go above and beyond in supporting Bangladesh during this period. Long may our brotherhood flourish,” BCB President Islam said in a statement.

“Following my short visit to Pakistan yesterday and given the forthcoming outcomes of our discussions, I request Pakistan to play the ICC T20 World Cup game on 15 February against India for the benefit of the entire cricket ecosystem.”

The dispute stemmed from the ICC’s decision to replace Bangladesh with Scotland last month after Bangladesh refused to play tournament matches in India. Dhaka’s decision followed the removal of Mustafizur Rahman from the Indian Premier League (IPL). He was bought for $1 million by the IPL’s Kolkata Knight Riders, but on Jan. 3 the Board of Control for Cricket in India (BCCI) ordered Kolkata to release Mustafizur without a public explanation but amid regional tensions.

Pakistani cricket authorities subsequently announced boycotting the match against India at R. Premadasa Stadium in Colombo on Feb. 15. An India-Pakistan fixture is the sport’s most lucrative asset, generating a massive share of global broadcasting and sponsorship revenue.

“This decision [to play India in T20 World Cup] has been taken with the aim of protecting the spirit of cricket, and to support the continuity of this global sport in all participating nations,” the Pakistani government said.

“We remain confident that our team will carry the spirit of sportsmanship and national pride onto the field as they compete for global glory.”