ISLAMABAD: Federal Minister for Communications Maulana Asad Mehmood has said that under the current geo-economic scenario Road Transport Agreement between Pakistan and Russia would prove a catalyst to boost trade and the economy of the country.
Asad Mehmood said this in a statement on Saturday on the occasion of the entry of the first-ever Russian truck crossing into Pakistan through the Torkham border under the Road Transport Agreement with Russia.
According to a press release issued here, the Minister had carved out the Road Transportation Agreement with the Russian Transport Minister Vitaly Savelyev on his maiden visit to Moscow in November 2022 last year.
The agreement was signed in line with the vision of Prime Minister Shehbaz Sharif to enhance and expedite trade with the neighbouring and developed countries.
Trade Between Pakistan and Russia
Since the beginning of diplomatic relations with Russia in 1948, this is the first time that a trade route through roads has been established.
Russia is the fourth largest LNG exporting country worldwide, and Pakistan has great potential for exporting surgical instruments, garments, fruits, and agricultural products, making them both potentially strong trade partners.
The transport of goods would be carried out under TIR Carnet, under which road transport permits are issued to simplify procedures at customs borders.