Russian Defence Minister Sergei Shoigu's visit to Pakistan comes at a very critical juncture as US-led NATO forces are drawing down from Afghanistan by the end of this year.
"The signing of the Military Cooperation agreement between the two significant countries of the region is a milestone. Both sides will translate this relationship in tangible terms and further strengthen military-to-military relations," said Pakistan's Defence Minister Khawaja Asif without elaborating on the agreement.
"We shared views on the scope of pressing problems of international and regional security. First of all, this concerns Afghanistan. Our assessments of the situation in that country are mainly close or coincide," Shoigu said.
The visit by the Russian Defence Minister comes against the backdrop of reports that Moscow had given go-ahead for the sale of MI-35 helicopters to Pakistan, which is interested in purchasing up to 20 helicopters.
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The last visit took place as far back as 1969, when USSR Defense Minister Andrey Grechko made a trip to the country.
Both sides expressed hope the agreement will pave the way for exchange of information on politico-military and other issues.
"Both Pakistan and Russia stressed on continuation of momentum gained during Moscow Conference and expressed satisfaction over convergence of views on most international and trans-regional issues," said Pakistan's Defence Ministry.
The two defence ministers held detailed discussion to improve cooperation in defence.