ISLAMABAD: Pakistan has settled a 40 years old trade dispute with Russian as Islamabad has paid an amount of $93.5 million (Rs1,442 billion) to Moscow. The issue was a major hurdle in boosting country’s trade ties with Russia.
The dispute resolution is likely to help improve trade ties between Pakistan and Russia, an official of said on Tuesday. According to the official, the payment of $93.5 million against the Russian exporters’ claims pending since the disintegration of the Soviet Union would now pave the way for billions of dollar investments by Russian investors in Pakistan.
Earlier last year, the government had authorised its Ambassador to Russia to sign the deal. Under the agreement, the Pakistani government was bound to return $93.5 million to Russia within 90 days of the signing and clear pending exporters’ claims to the tune of $23.8 million as per the settlement.
The government has returned the services of BS-20 officer of Information Service Shafqat Abbas to the Ministry of...
Previously, the prime minister had given four days to the committee to fix responsibily for the import of wheat
The petitioner stated that the electoral body had no authority to interpret the constitution
CM was briefed that in first phase, 12 schools for special children would be completely revamped this year
Anti-Corruption Establishment filed appeals against 58 sentences handed down by the courts from January 1, 2018 to...
These statistics reflect that on an average, 700,000 youngsters add up to the total number of out-of-school children...