KARACHI  - Trade between Russia and Pakistan should be much more than the present $500 million, as it does not reflect the potential of economic relations between both countries.

This was said by Russian Federation Consul General Oleg N. Avdeev at a dinner hosted in his honour by Chairman Pakistan Russia Business Council of FPCCI Muhammad Farooq Afzal.

The Russian envoy said he would avail this opportunity to speak on bilateral relations, particularly trade and economy.

Avdeev said trade between Russia and Pakistan was increasing at a slow pace. He said the potential is great, but had not been tapped in full. Various efforts are underway to improve the situation but progress is not impressive. He said he had high hopes that the bilateral commission on trade and economy relations which is to meet later this year would strive to improve matters but stressed the need for private enterprise to play its role in promoting and increasing bilateral trade.  He asked Pakistani businessmen to establish contacts with their counterparts in Russia. Avdeev said he fully supported the idea of a single country exhibition for Russia and pledged all assistance in this respect. He said he fully backed the FPCCI suggestion to send a Pakistani businessmen delegation to Russia.