Russia and Pakistan are embarking on a new chapter of collaboration, unlocking doors to mutual growth and innovation across multiple industries. Under a new agreement, Russia has pledged significant support to Pakistan, particularly in the development of electric vehicles, including buses, to boost local manufacturing and market competitiveness. Sinara-Transport Machines JSC, a Russian company, has expressed strong interest in assembling electric vehicles in Pakistan.
A pivotal step in this partnership involves the signing of a Memorandum of Understanding between Russia’s Federal Agency on Technical Regulating and Metrology and Pakistan’s PSQCA, aimed at strengthening standardization and conformity assessment.
The collaboration extends to e-commerce, with both nations eager to develop digital platforms to streamline trade and enhance cross-border transactions. In the railway sector, Russia will provide modern equipment to connect Pakistan’s railways to the North-South International Transport Corridor, opening new trade routes and opportunities.
Agriculture and mining also feature prominently in the discussions, with Russian firms exploring local assembly of agricultural machinery and food processing equipment in Pakistan. The two countries are also laying the groundwork for a joint venture in the pharmaceutical industry, with a focus on manufacturing medical devices and therapeutic products, including life-saving diabetes medications.
As part of the agreement, Russia has committed to reviewing Pakistan’s agricultural exports, including heat-treated beef, mutton, and seafood, while also working on solutions for faster regulatory approvals for food products. Both nations are actively pursuing expanded access for Pakistani goods in the Russian market, including sports goods, rice, and food supplements.
This ambitious partnership promises a future of growth, innovation, and shared prosperity, with both countries set to benefit from a diversified range of industrial collaborations.
NEWS DESK
PRESS UPDATE