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KARACHI: M/s Pak Shaheen (Private) Limited is launching a direct containerized shipping service between Karachi and Saint Petersburg, Russian Federation and the first ever ship of NECO Line, a Russian shipping company, will call on May 25, 2023 at Karachi Port.

This direct shipping service will facilitate business community and exporters by providing direct access to Pakistani products in Russian market. Earlier, Pakistani products were being exported to the Russia via transshipment and causing delay and enhanced freight cost.

“This direct shipping facility will facilitate businessmen to export various commodities including confectionery, fruits, vegetables, gloves, apparels, leather goods, rice, Himalayan salt, sports goods, surgical items and textiles to Russia”, Abdullah, CEO Pak Shaheen (Private) Limited said.

He said Pakistani shipments were taking long time to arrive at Russian port and now through this direct shipping service these shipments would land in only 19 days in the Russian market.

Abdullah said that Russia is a huge market for Pakistani commodities. He was optimistic that Pakistani exports to Russia will see significant increase as through this direct shipping service these Pakistani products would be more competitive.

He pointed out that Chinese and Pakistani banks would be involved in all the transactions and payments would be made in Chinese currency Yuan.

According to a study, the Russian market presents an opportunity for Pakistan to increase its exports but is hampered by factors related to the lack of banking and payment channels, absence of direct cargo and passenger flights, long transit periods, increased freight charges among others.

Copyright Business Recorder, 2023

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test May 20, 2023 12:01pm
Pakistan wants to jointly produce 9th generation fighter jets with stealth capabilities, aircraft carriers, naval destroyers, frigates, nuclear powered submarines, intercontinental ballistic missiles, nuclear reactors, nuclear powered drones, passenger aircraft avionics, jet engines, rescue helicopters, attack helicopters, fastest tanks, 10km range sniper rifles, laser guided missiles, supersonic and hypersonic weapons, military satellites, artillery guns, advanced kalashnikov & rocket launchers etc. In return Pakistan will give a hand of friendship to Russia in this region because Russia is aligned with China and China is aligned with Pakistan and Pakistan is aligned with the belt and road initiative of China CPEC which means Russia China Pakistan can all benefit from the CPEC and we will also stand with Russia whenever and wherever it wants our help Pakistan will be there to help Russia and in return Pakistan wants to jointly manufacture weapons with Russia & it will be win for both.
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Fayyaz Ahmed May 23, 2023 01:56pm
Ver informative. It is very right time for Pakistan to increase such channel in order to enhance our exports.
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