Fradkov calls for increasing Pakistan-Russia trade
Staff Report
ISLAMABAD: Russian Prime Minister Mikhael Fradkov on Thursday stressed on Pakistan and Russia to exploit the substantial trade potential between them for the betterment of their economies. …
He said the bilateral trade presently stood at $520 million, which was heavily in favour of Russia, adding there was a considerable scope for increasing Pakistani export to Russia.
He mentioned the country’s Foreign Direct Investment increased by more than 10 times from $322 million in 2000-01 to $3.5 billion in 2005-06, with total foreign investment crossing $3.8 billion, the highest level in country’s history.
That’s peanuts isn’t it? Pakistan is doing $6 billion trade with America, a country thousands of miles away but only a $520 million worth of trade with a country in the same region?