{"id":61954,"date":"2020-02-26T15:31:30","date_gmt":"2020-02-26T10:31:30","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=61954"},"modified":"2020-02-26T15:31:31","modified_gmt":"2020-02-26T10:31:31","slug":"pak-russia-resolve-decades-old-payment-dispute-pave-way-future-trade","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pak-russia-resolve-decades-old-payment-dispute-pave-way-future-trade.html","title":{"rendered":"Pak, Russia resolve decades-old payment dispute to pave way for future trade"},"content":{"rendered":"\n<p>Islamabad: Pakistan has resolved a 40-year-old trade dispute with Russia by paying USD 93.5 million to Moscow, a news source reported. As per the publication, the said dispute had for long figured as the major reason behind the hampered trade ties of the two countries. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pakistan-seeks-boost-trade-with-african-countries.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Pakistan seeks to boost trade, economic corporation with African countries (opens in a new tab)\">Pakistan seeks to boost trade, economic corporation with African countries<\/a><\/p>\n\n\n\n<p>According to the information available, Pakistan owed the aforementioned amount of money to Russia against its exporters\u2019 claims since the collapse of the Soviet Union. Last year, Pakistan\u2019s government authorised its ambassador to Russia to sign the agreement deal. Under the agreement, Pakistan\u2019s government was expected to return USD 93.5 million to Russia within 90 days of the deal signing and clear unresolved exporters\u2019 claims of USD 23.8 million as per the agreements reached in October 2016 and December 2017. <\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-mobilises-market-committees.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"FBR mobilises market committee to assist with filing small traders\u2019 returns (opens in a new tab)\">FBR mobilises market committee to assist with filing small traders\u2019 returns<\/a><\/p>\n\n\n\n<p>Previously, Moscow had shown interest in investing USD 8 billion in Pakistan\u2019s energy sector and <a href=\"https:\/\/www.zameen.com\/news\/govt-to-hold-psm-ownership.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Pakistan Steel Mills (opens in a new tab)\">Pakistan Steel Mills<\/a>; but according to the Russian laws, the country could not invest in countries with which it had trade disputes. As per the source, an official of the Ministry of Commerce (MoC) stated that the resolution of the long-standing dispute would hopefully improve trade relations between the two countries, and pave the way for billions of dollars\u2019 worth of investment from Russian investors in Pakistan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Pakistan has resolved a 40-year-old trade dispute with Russia by paying USD 93.5 million to Moscow, a news source reported. As per the publication, the said dispute had for long figured as the major reason behind the hampered trade ties of the two countries. Read: Pakistan seeks to boost trade, economic corporation with African countries According to the information available, Pakistan owed the aforementioned amount of money to Russia against its exporters\u2019 claims since the collapse of the Soviet Union. Last year, Pakistan\u2019s government authorised its ambassador to Russia to sign the agreement deal. Under the agreement, Pakistan\u2019s government was expected to return USD 93.5 million to Russia within 90 days of the deal signing and clear unresolved exporters\u2019 claims of USD 23.8 million as per the agreements reached in October 2016 and December 2017. Read: FBR mobilises market committee to assist with filing small traders\u2019 returns Previously, Moscow had shown interest in investing USD 8 billion in Pakistan\u2019s energy sector and Pakistan Steel Mills; but according to the Russian laws, the country could not invest in countries with which it had trade disputes. As per the source, an official of the Ministry of Commerce (MoC) stated that the&hellip;<\/p>\n","protected":false},"author":76,"featured_media":60237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15020],"tags":[21017,21016,21018,21019],"persona":[],"class_list":{"0":"post-61954","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-social-developments","9":"tag-moscow","10":"tag-pak-russia-dispute","11":"tag-pakistans-government","12":"tag-usd-93-5-million-to-russia","13":"cat-15016-id","14":"cat-15020-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pak, Russia resolve decades-old dispute way for trade - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Pakistan has resolved a 40-year-old trade dispute with Russia by paying USD 93.5 million to Moscow, a news source reported.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pak-russia-resolve-decades-old-payment-dispute-pave-way-future-trade.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pak, Russia resolve decades-old dispute way for trade - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Pakistan has resolved a 40-year-old trade dispute with Russia by paying USD 93.5 million to Moscow, a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pak-russia-resolve-decades-old-payment-dispute-pave-way-future-trade.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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