ISLAMABAD: Russia intends to enhance its bilateral relations with Pakistan in diverse fields, Pakistani state media reported on Monday, citing a top Russian official.
The statement came after a meeting of Speaker of the Federation Council of Russian Federal Assembly Valentina Matviyenko with Pakistan Senate Chairman Yousuf Raza Gilani in Islamabad.
The two figures discussed in detail matters relating to the promotion of diplomatic, economic, commercial and parliamentary relations between the two countries, the Radio Pakistan broadcaster reported.
“Russia says it will enhance bilateral cooperation with Pakistan in diverse fields including trade, investment and diplomacy,” Matviyenko was quoted as saying by the broadcaster.
Pakistan and Russia, once Cold War rivals, have warmed up to each other in recent years through regular business and trade interactions.
Islamabad’s ties with Russia also saw a significant improvement in 2023 after Pakistan started purchasing Russian crude oil at a discount rate. The development came after geopolitical tensions almost doubled the fuel prices in Pakistan, forcing the South Asian country to opt for cheaper sources of fuel.
Gilani told the Russian Federal Assembly speaker that her visit to Pakistan would boost bilateral ties and promote regional peace, development and prosperity, according to the report. He appreciated Russia’s support to Pakistan for improvements in infrastructural development as well as oil and gas sectors.
The Senate chairman underscored the need to find new opportunities to promote investment and increase the current trade volume between the two countries.
Pakistan is currently pushing for enhanced regional connectivity with Central Asian countries and Russia in its bid to unlock mutual economic opportunities, particularly in energy, trade and infrastructure.
The South Asian country hopes it can use its strategic geographical location to improve trade and cooperation with Russia and other states as it fights to ward off a prolonged economic crisis.
Earlier this month, Pakistan’s President Asif Ali Zardari met his Russian counterpart, Vladimir Putin, on the sidelines of a two-day international forum, titled ‘Interrelation of Times and Civilizations — Basis for Peace and Development,’ in Ashgabat, Turkmenistan where they pledged to further strengthen bilateral ties.
In September, Russia’s Deputy Prime Minister Alexei Overchuk also arrived in Islamabad on a brief visit, seeking to expand trade and investment ties with Pakistan. During his meeting with Overchuk, Prime Minister Shehbaz Sharif had also expressed the desire for direct flights between Pakistan and Russia to enhance connectivity between the two states.