Pakistan and Russia Discuss Multi-Billion Dollar LNG Pipeline Project
Putin and Shehbaz in Kazakhstan for the regional summit, marking their second meeting. In a significant development at the regional summit in Kazakhstan, Russian President Vladimir Putin and Pakistani Prime Minister Shehbaz Sharif held their second meeting to discuss a multi-billion dollar agreement for constructing a liquefied natural gas (LNG) pipeline. This proposed pipeline, which could potentially extend through Iran to Pakistan and even connect to India, marks a strategic move to bolster bilateral trade and energy cooperation between the two nations. Strengthening Bilateral Trade Prime Minister Shehbaz emphasized the importance of enhancing bilateral trade with Russia, aiming to work closely with President Putin to strengthen their economic ties. Currently, the annual trade volume between Pakistan and Russia stands at $800 to $900 million, but there are ambitious plans to increase this to $20-$25 billion in the coming years. This initiative underscores Pakistan's commitment t...