Pakistan and Russia signed a Memorandum of Understanding (MoU) on Cooperation in Railway sector on Friday on the sidelines of 27th St. Petersburg International Economic Forum (SPIEF). The Memorandum of Understanding aims to explore opportunities for implementing railway upgrade projects and other initiatives within this crucial sector. According to a press release issued by the Ministry of Railways, the MoU also establishes a framework for potential future collaboration with relevant companies operating in this sector.