Historic: Pakistan, Russia start direct sea trade
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Karachi: Pakistan and Russia have achieved significant milestone in maritime trade as direct sea trade commences between Russian port and Pakistani port.
In historic moment, Russian ship from Saint Petersburg has docked at Karachi Port for first time, marking new era of trade relations between two nations. Previously, maritime trade between Pakistan and Russia was conducted through transshipment from other ports in region.
However, direct sea trade route opens up new opportunities for enhanced trade cooperation and more efficient import-export operations. Special ceremony was held at Karachi Port to commemorate arrival of Russian ship named Crystal. Maritime affairs experts highlight positive impact this development will have on strengthening bilateral trade ties and opening up avenues for mutually beneficial economic cooperation. Pak Shaheen Limited, prominent shipping company emphasises that commercial goods from Russia can now reach Karachi in relatively short span of 19 days via sea route.
This reduction in transit time is expected to boost trade volumes and contribute to economic growth of both nations.
Published in The Daily National Courier, May, 26 2023
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