Russia to invest $8 billion in Pakistan after resolving 40 year old trade dispute

Pakistan and Russia have finally agreed to settle a 4-decade old trade dispute, with the latter agreeing to invest $8 billion. Sindh High Court dismissed the previous case as the involved parties reached an out of court agreement, paving the way for the agreement to be officially signed. Under the agreement, Russia and Pakistan will get the pending payments and Russia will go ahead with its plan of investing $8 billion in different energy projects and Pakistan Steel Mills.

Russia will get the pending $93.5 million within 90 days, while exporters and companies will receive $23.8 million as agreed.

Source: Pro Pakistani