Russia may join Pakistan-China economic corridor (CPEC) project

[Saifullah Sani]

New investments of Russia’s companies in energy, coal mining and metals industry of Pakistan may reach $5 billion in the coming five years, the vice president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said on Thursday.

"I expect that in the next five years, Russia’s companies may invest at least $5 billion in Pakistan in such spheres as energy, coal mining and metals industry," Muhammad Waseem Vohra told the St. Petersburg economic forum.
Russia could also invest funds in creating petrochemical enterprises in Pakistan, he said.
Pakistan, which seeks to join the Shanghai Cooperation Organisation (SCO), Russia and other members of the group should have closer ties, Vohra said.

The real prospects of this rapprochement are linked to the implementation of the Pakistan-China economic corridor (CPEC) project, he said. The project will connect China’s Kashgar city with Gwadar Port in southwestern Pakistan.

Russia may join the project and the legal basis is ready for this. "There are no restrictions on the number of countries that will use Gwadar Port," he stressed, adding that the participation will allow Russia’s companies to carry out the transit of cargos to the Persian Gulf via the port.

Russia’s companies that seek to supply their goods to the Middle East countries, Pakistan and India will benefit from this, he said.

TASS: Economy - Russia may invest $5 bln in Pakistan in next five years

 

[Hyperion]

Gwadar, Russia's eternal dream of access to warmish waters, albeit with a twist, you pay, you go...... and we like it!

The more countries we can entice, the more leverage....... sadly things don't look quite stellar for our Eastern neighbors......

 

[Kabira]

Good to see more investment in Thar coal mining, PM have announced that only initially coal will be imported. After few years Thar coal will be used to generate power.

 

[Legionaire]

Yep, we need more countries to share in on the port or invest heavily oursleves (if only we were able).
Don't put all our eggs in one basket.

 

[That Guy]

If Russia is serious, than this is a serious boost to CPEC, and a big "**** you" to a certain nation that opposes it.

 

[Jungibaaz]

Gwadar residents in the future:

Makin' it rain.

 

[ArsalanKhan21]

Gwadar residents in the future
Makin' it rain.

Previous projects being an example usually the local people get lousy deals and middlemen and people from other regions will make money. The locals will be displaced forced to live in outskirts while the local politicians will pocket the money.

 

[kshaib]

Thanks ALLAH, It is good deed.

 

[Dr Gupta]

If Russia is serious, than this is a serious boost to CPEC, and a big "**** you" to a certain nation that opposes it.

We only opposed it being routed into disputed territory

India to sign free trade deal with Russia-led Eurasian Economic Union — RT Business

Otherwise we are happy for you, we are doing good things with Russia also

 

[Menace2Society]

"A strategically important country not just for the US but for the whole world" - US President

There is a reason why Obama said this in response to this obnoxious little Indian rat.

 

[Dr Gupta]

"A strategically important country not just for the US but for the whole world" - US President

There is a reason why Obama said this in response to this obnoxious little Indian rat.

Obama has also said Pakistan must shut down terror camps and bring the culprits of 26.11 to justice

Barack Obama warns Pakistan: Shut down terrorist safe havens - Telegraph

 

[Menace2Society]

Obama has also said Pakistan must shut down terror camps and bring the culprits of 26.11 to justice

Give it time it will slowly digest with you what it means to be on the cusp of a continent.

 

[Sheikh Rauf]

Thats really good we need to make Gawader like Hong Kong but at the same time we have to make laws..so no international mafia gain grounds in Pak specially Gawader.

 

[Dr Gupta]

Give it time it will slowly digest with you what it means to be on the cusp of a continent.

Ah yes but Obama visited India twice and how many times he landed in Pakistan? zero

Thats really good we need to make Gawader like Hong Kong but at the same time we have to make laws..so no international mafia gain grounds in Pak specially Gawader.

Umm Hong Kong? you for real? there is being optimistic and day dreaming

 

[Menace2Society]

Ah yes but Obama visited India twice and how many times he landed in Pakistan? zero



Umm Hong Kong? you for real? there is being optimistic and day dreaming

Dawood Ibrahim and Hafiz Saeed landed in India too

Butthurt Kenyan Indian.