The reports of Prime Minister Imran Khan scheduled for a visit to Moscow towards the end of February is extremely positive news. The Foreign Office is yet to confirm this report, but if finalised, it would be the first visit of a Pakistani head of government to the Russian capital in over two decades. After the visit of Russian Foreign Minister Lavrov in September last year, this exchange at the highest level indicates that the Pak-Russia relationship could be consolidated into a workable economic partnership.

With deepening ties over the years, this visit would be the first public display of greater positivity in the relationship. A direct dialogue between PM Khan and President Putin would signify that Pakistan is acting on its ambitions to improve ties with all states closer to home.

Already, improved contact with Moscow has helped Pakistan secure more favourable deals. The Pakistan Stream Gas Pipeline Project, originally known as the North-South Pipeline, was renegotiated last year for much more favourable conditions for us compared to the original 2015 deal. The flagship project, stretching from Karachi to Punjab, was to be built by Russia, with exclusive ownership for Moscow for the first 25 years. In 2021, the original agreement was amended to allow for Pakistan to hold 74 percent of the equity for the project from the outset.

The Eurasian giant has more to offer Pakistan beyond this project as well. Pakistan’s inroads to the Central Asian Region (CAR) and seeking out markets in close geographical proximity entails more cooperation with Russia, and it is good to see the government moving in this direction. Beyond energy, there is room for cooperation in metallurgy and infrastructure, alongside opening up room for Pakistani exports in Russian markets.

Going forward it is important for Pakistan to continue stressing its policy of not picking camps or choosing sides, but position itself as a pragmatic player that engages with all for mutual benefit. If we can successfully establish our neutrality while trading with all major powers, the economic potential as a result could help alleviate many of the economic stressors we are currently struggling with.