Russian delegation to visit Pakistan soon for investment: Russian Envoy

Russian delegation to visit Pakistan soon for investment: Russian Envoy

Faisalabad (Web Desk): Acting Ambassador of the Russian Federation Mr. Vladirmir Berezyuk said, a delegation of Russian businessmen will visit Pakistan very shortly to discover new opportunities for investment.

While addressing to the members of Faisalabad Chamber of Commerce & Industry (FCCI) on Monday, he mentioned Russian collaboration in the growth of Pak economy and said, “Karachi Steel Mills and Gudhu Power Plant are examples of our mutual and highly productive cooperation.”

He said that recently Pakistan and Russia have made an accord to lay a land mark Karachi-Lahore pipelines which is likely to fix multiple energy related troubles of Pakistan.

Vladirmir Berezyuk said that it is growing at a much faster pace, adding that during 2015-17 Russian exports recorded an increase of 96 percent while a phenomenal growth of 209 percent was recorded in Pakistani exports to Russian Federation while Expressing satisfaction over the promotion of bilateral trade between the two countries.

However, he stressed the need to diversify the trade to fully capitalize potentialities available in the two countries.

Speaking about railways, communication, construction, refinery and other major sectors in which two countries could further expand their collaboration in the coming years.

He said the Russia was eagerly waiting for a formal invitation from China and Pakistan to invest in CPEC related projects relating it to the participation of Russian Federation in “Belt & Road” initiative

About cooperation in education sector, he said that Moscow is ready to send a delegation to Pakistan to explore opportunities for two-sided exchange of students and faculty members of top universities of the two countries.

Earlier in his welcome address, Acting President FCCI Farooq Yusuf said that Pakistan and Russian Federation are enjoying good economic and diplomatic ties since 1948.

Vladirmir discussed matters of mutual interest and assured full cooperation for increasing bilateral trade between the two countries.


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