Pakistan and Russia have inked a Memorandum of Understanding (MoU) for data exchange between customs. The MoU was signed by Pakistan’s Federal Board of Revenue (FBR) Chairman Shabbar Zaidi and Russian Customs Service Director General Vladimir Bulavin in Moscow on Tuesday. Pakistan Russia ink MoU for data exchange between customs
Under the MoU, the two countries will share information on customs clearance, trade facilitation, and risk management. The data exchange will help to improve trade between Pakistan and Russia and will also help to combat smuggling and other customs-related crimes.
The MoU is a sign of growing cooperation between Pakistan and Russia. The two countries have been working to strengthen their ties in recent years. The new MoU is expected to further boost the relationship between the two countries. Pakistan Russia ink MoU for data exchange between customs
Here are some of the benefits of the MoU for Pakistan:
- Improved trade with Russia: The data exchange will help to improve trade between Pakistan and Russia.
- Reduced smuggling: The data exchange will help to combat smuggling and other customs-related crimes.
- Increased economic growth: The improved trade and reduced crime will help to boost economic growth.
The MoU is a positive development for Pakistan. It will help to improve trade with Russia, combat smuggling, and boost economic growth.
Here are some of the key points of the MoU:
- The two countries will share information on customs clearance, trade facilitation, and risk management.
- The data exchange will be done through a secure and confidential system.
- The two countries will cooperate in training and capacity building in the field of customs.
- The MoU will be valid for five years and can be renewed for a further period of five years.
The MoU is a significant step in the development of trade and economic cooperation between Pakistan and Russia. It is expected to boost trade and investment between the two countries and will also help to improve the overall business environment.
