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Can Russia Help Cash-Strapped Pakistan?

The Diplomat LogoThe Diplomat4d ago

Can Russia Help Cash-Strapped Pakistan? - The Diplomat

Quick Summary:

As important is diversifying trade partners as deeper cooperation with Russia may incur diplomatic consequences for Pakistan.

For comparison, Pakistan’s total trade volume with Bangladesh in 2023 was $1.5 billion, which is far more than the volume of trade between Pakistan and Russia.

Russia supported Pakistan in tackling its energy hurdles by engaging in discussions of converting the Muzaffargarh power plant to coal-fired generation, technical training in the oil and gas sectors, exploration of minerals, offshore development, and increasing power storage capacity with the help of Russian companies and its engineers.


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Article Details

Author / Journalist: Syed Basim Raza and Saleem Abbas

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-12 @ 22:48:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 3533 words

Reading Time: 20 minutes read

Sentences: 140 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 21654563

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Main Topics: Economy

Official Website: thediplomat.com

Update Frequency: 1 posts per day

Year Established: 2001

Headquarters: United States

News Last Updated: 1 days ago

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Publisher ID: #70

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