Economic Relations between Pakistan and Russia (2000-2022): An Analysis

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Barkat Ali
Dr. Sarfaraz Khan
Rashid Ahmad
Zahid Nasir


The basic aims of the study to examine the evolving economic relations between Pakistan and Russia (2000-2022): aiming to provide an insightful analysis of the bilateral dynamics. Pakistan and Russia, historically distant in their diplomatic ties, have witnessed a noteworthy transformation in their economic engagement over the years. The study places a particular focus on economic aspects, including trade patterns, investment flows, and their impact on both nations. The mutual trade increase between Pakistan and Russia from just US$ 69.64 Million in 2001, to $920 Million in 2022, but there is constantly increase in Pakistan trade deficit which reached to US $772 Million in 2022. The studies also predict the future trend of Pakistan-Russia bilateral trade for the year 2030. Additionally, the study touches upon the evolution of Russia-Pakistan energy relations, emphasizing Russia's substantial contributions to Pakistan's energy sector and economic development through strategic agreements and collaborations facilitated by the Pakistan-Russia Inter-Governmental Commission (IGC).

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How to Cite
Barkat Ali, Dr. Sarfaraz Khan, Rashid Ahmad, & Zahid Nasir. (2024). Economic Relations between Pakistan and Russia (2000-2022): An Analysis. INTERNATIONAL JOURNAL OF HUMAN AND SOCIETY, 4(1), 196-216. Retrieved from