Islamabad, Sep 20: Russia will provide modern agricultural machinery to Pakistan to improve crop yields and agricultural productivity.
This announcement came during a meeting between Russian Deputy Minister of Industry and Trade Aleksei Gruzdev and Pakistan’s Minister for Industries, Production, and National Food Security Rana Tanveer Hussain in Islamabad.
Both officials emphasized the importance of balancing trade between their countries. Rana Tanveer highlighted the necessity for advanced agricultural equipment and assured that the Pakistani government would facilitate Russian investors.
Additionally, Pakistan and Russia signed a Memorandum of Understanding (MoU) to enhance economic and trade cooperation.
The signing ceremony, attended by Deputy Prime Minister Senator Mohammad Ishaq Dar and Russian Deputy Prime Minister Alexei Overchuk, included an agreement between the Pakistan Mercantile Exchange (PMEX) and the Saint Petersburg International Mercantile Exchange (SPIMEX). The MoU aims to foster collaboration in various sectors.
Pakistan also announced its participation in the MoU for the **Creation and Development of the International Transport Corridor linking Belarus, Russia, Kazakhstan, Uzbekistan, Afghanistan, and Pakistan.
