Pakistan and Russia have agreed to develop financial links that will facilitate each others economies, investments, trade and transactions. These links will be firmed up through the central banks of the respective countries.
This consensus was evolved at the 7th Session of Pak-Russia Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation held recently in Yekaterinburg city of the Russian Federation. Pakistani side was led by Minister for Economic Affairs, Omar Ayub Khan. Both sides resolved to recommend to their central banks to hold consultations regarding connecting Pakistani financial institutions to the Bank of Russia (SPFS) to engage in secure exchange of financial information with its Russian partners.
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