KARACHI: Some key decisions on Pakistan Steel Mills (PSM) are expected in the bilateral joint commission of the two countries to be held in November this year in Moscow, Oleg N Avdeev, consul general of the Russian Federation, said on Monday.
“The Russian companies have placed specific suggestions to Pakistani authorities related to Pakistan Steel Mills,” he added. The consul general said that Russia wanted modernisation and development of the steel mill and his country had already offered cooperation.
Russia is offering cooperation to Pakistan in three major industries, including energy, railways and equipment for power plants, he said.
The consul general was heading the Russian delegation that visited the Karachi Chamber of Commerce and Industry (KCCI) to apprise the members about their manufacturing capabilities and technology enhancement.
Three big companies, Gazprom, RPM Group and Saturn Gas Turbine, were the part of the Russian delegation during the meeting. Members of the delegation were optimistic about the cooperation in Railways and expressed the hope for some positive outcome after meetings in Karachi and Lahore.
KCCI President Abdullah Zaki presented detailed overview of Pakistan’s energy needs and sought Russian cooperation in various fields.
Majyd Aziz, former president of the KCCI, urged the local entrepreneurs to take advantage of expertise of visiting Russian business community. Pakistan had realised to seek trade partnership with Russian and other Asian economies for fast growth, he said.
Aziz urged the governments of the two countries to work on preferential and free trade agreements. He said that when the United States can give civil nuclear technology to India then why Russia could not share such technology with Pakistan.
Source: The NEWS