Pakistan considers ruble trade with Russia

(MENAFN) The possibility of trading with Russia in rubles and Chinese yuan is being taken into account in Pakistan, President of the Trade House of Pakistan Association Zahid Ali Khan informed journalists on Tuesday, as cited by TASS.

“We are still trading in dollars, which is a problem… We are considering the issue of trading in rubles or in yuan, but the issue is still being finalized,” on the words of Ali Khan, executive manager of the Russia-Pakistan Business Council at the Russian Chamber of Commerce and Industry.

The official, who was joining in the ‘Export Marathon’ global forum in Ekaterinburg, Russia, said that the transition to ruble-yuan use in trade could take place in 2023.

He also declared, the Pakistani market is interested in the delivery of Russian items, counting chemical and pharmaceutical goods. “In the near future, we see very great prospects for the development of relations between Russia and Pakistan. Especially, of course, [Pakistan is interested that] Russia exports chemical products, technical products, paper… we need pharmaceuticals. These are issues that are being worked out now,” Zahid Ali Khan clarified.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.