Pakistan, Russia ink 8 agreements related to health, education and trade in Moscow

In this handout photograph released by Pakistan’s embassy in Moscow on December 4, 2024, Pakistani miniter for power, Sardar Awais Ahmed Khan Leghari, meets Russian minister for energy, Sergey Tsivilev, following the 9th Session of Pakistan-Russia Inter-Governmental Commission. (Photo Courtesy: X@PakinRussia)
Short Url
Updated 04 December 2024
Follow

Pakistan, Russia ink 8 agreements related to health, education and trade in Moscow

  • Pakistan’s energy minister leads delegation in 9th Inter-Government Commission meeting with Russia
  • Pakistan and Russia, once bitter rivals during Cold War era, have moved closer in recent months

ISLAMABAD: Pakistan and Russia signed eight memorandums of understanding (MoUs) in the fields of health, trade and education on Wednesday, the energy ministry said, as Islamabad eyes foreign investment and enhanced cooperation to stabilize its fragile economy. 

The agreements were signed during the 9th Inter-Governmental Commission meeting in Moscow between Pakistan and Russia. The Pakistani side is being led by Federal Minister for Energy Sardar Awais Leghari as Islamabad and Moscow discuss different bilateral trade options.

“Federal Minister for Energy Sardar Owais Ahmed Leghari, who is in Moscow along with a delegation, signed eight agreements between Russia and Pakistan,” the ministry said. 

One of the eight agreements was between Pakistan’s COMSATS and Peshawar University with Russian educational institutions, the ministry said, while others related to the production of insulin and enhancing trade and industrial cooperation. 

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. 

In 2023, Pakistan’s bilateral trade with Russia reached $1 billion. This was an increase from 2022, when Russia exported $505 million to Pakistan and Pakistan exported $75.8 million to Russia.


Pakistan president in Bahrain to boost trade, defense and security ties

Updated 14 sec ago
Follow

Pakistan president in Bahrain to boost trade, defense and security ties

  • Asif Ali Zardari will meet Bahrain’s king and crown prince, discuss regional issues of mutual interest
  • Trade volume between Pakistan and Bahrain has increased from $500 million to $1 billion in recent years

ISLAMABAD: Pakistan President Asif Ali Zardari arrived in Bahrain late Tuesday on a four-day visit to enhance bilateral cooperation in trade, defense and security, Pakistani state media reported.

Pakistan and Bahrain have maintained close diplomatic, trade, investment and defense relations and have lately been focusing on strengthening their cooperation in key economic sectors.

The Pakistan president’s visit will be focused on bilateral, regional and international issues of mutual interest for both nations, according to the foreign office in Islamabad.

He will hold talks with King Hamad bin Isa Al-Khalifa and Crown Prince Salman bin Hamad, and address a reception held at the headquarters of the Economic Development Board in Manama.

“The visit seeks to reinforce Pakistan’s longstanding cooperation with the brotherly Gulf nation while expanding opportunities for collaboration in trade and economic partnership, defense and security and people-to-people ties,” the Radio Pakistan broadcaster said.

Islamabad and Manama established diplomatic ties in 1971. In recent years, the bilateral trade volume between the two countries has ranged between $500 million to around $1 billion, according to Pakistan’s foreign ministry.

Major exports from Pakistan to Bahrain include meat, vegetables, rice, tobacco and textile. Imports from Bahrain, on the other hand, include petroleum products, ferrous wastes and scrape and aluminum.

Both have established a Joint Ministerial Commission (JMC) at the level of foreign ministers to discuss trade and economic ties, take decisions mutually and supervise the implementation of these decisions. So far, only two sessions of the JMC have been held and the last one was held in Bahrain in July 2021.

Zardari’s visit takes place amid increasing economic engagement between the two nations following the Pakistan-Bahrain Investment Summit in May 2025. Both sides signed contracts worth $13 million during the summit.