Russians discussing with SIFC wide range of trade ties

Russians are reportedly engaged with Special Investment Facilitation Council (SIFC) to discuss avenues of economic cooperation between Islamabad and Moscow, well informed sources told Business Recorder.

The issues which are under consideration are cooperation in the banking sector, which is considered important to organise mutual settlements between Russia and Pakistan, creation of correspondent accounts and branches of banks of the two countries on the territory of the two countries and connection of Pakistani banks to the Financial Messaging System of the Bank of Russia (SPFS).

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