Advertisement
Categories: NewsPakistanPolitics

Pakistan Joins INSTC, Seeks Gwadar-Russia Link for Enhanced Cooperation

Advertisement

Pakistan’s Federal Minister for Energy, Sardar Awais Ahmed Khan Leghari, announced the country’s intention to join the International North-South Transport Corridor (INSTC). This announcement was made during a keynote address at a webinar titled “Pakistan-Russia Bilateral Relationship at the cusp of shifting global order.” The INSTC is a 7,200-kilometre multimodal transit network designed for freight movement between India, Iran, Azerbaijan, Russia, Central Asia, and Northern Europe.

Russian Deputy Prime Minister Alexey Overchuk welcomed this move, stating plans to connect the corridor with Pakistan’s Gwadar Port. This would provide a crucial link in China’s Belt and Road Initiative. Leghari highlighted recent high-level meetings between Russian President Vladimir Putin and Pakistani Prime Minister Muhammad Shehbaz Sharif as driving factors for diplomatic momentum.

Leghari also emphasized regular engagements with his counterpart, Russian Energy Minister Sergey Tsivilev, underlining the importance of the Russia-Pakistan Intergovernmental Commission (IGC) in their bilateral relations. The minister noted that both countries agreed to sign a Program of Economic Cooperation until 2030 and discussed easing visa regimes through the signing of a Readmission Agreement.

This development underscores Pakistan’s strategic role in regional connectivity and its growing economic ties with Russia, which are expected to deepen over the next decade.

Advertisement
News Desk

Recent Posts

Bank Alfalah and WWF-Pakistan Mark Pakistan’s Independence Day with Alfa Forest Mangrove Plantation Drive

To commemorate Pakistan's Independence Day, Bank Alfalah, one of Pakistan's leading commercial banks, partnered with…

2 days ago

foodpanda Collaborates with itel Pakistan to Enhance Rider Connectivity and Digital Access

In a shared commitment to digital inclusion and rider welfare, foodpanda has signed a Memorandum…

2 days ago

OICCI members invest US$23bn in Pakistan, outpacing decade-long net FDI

Leading foreign investors continue to demonstrate strong confidence in Pakistan's economic potential, with OICCI member…

3 days ago

Broadway Pizza adds 82nd outlet, eyes further growth

Broadway Pizza has opened its 82nd branch on the main road near Hadiabad Society, adjacent…

3 days ago

LUCKY INVESTMENTS ACHIEVES THE HIGHEST ASSET MANAGER RATING – AM1

Lucky Investments Limited ("Lucky Investments") has been awarded AM1, the highest Asset Manager Rating by…

3 days ago

Meezan Bank Accelerates Affordable Housing Finance, Surpasses PKR 3 Billion under Government’s Ghar Ho Tu Apna Programme

Karachi: Reinforcing its strategic focus on expanding affordable housing finance, particularly for salaried individuals, Meezan…

3 days ago