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Russia to develop stakes in Pak economy in big way

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Russia to develop stakes in Pak economy in big way

ISLAMABAD: Russia has decided to develop its stakes in Pakistan’s economy in a big way and to this effect a 64-member delegation headed by Minister for Trade and Industries for the Russian...



ISLAMABAD: Russia has decided to develop its stakes in Pakistan’s economy in a big way and to this effect a 64-member delegation headed by Minister for Trade and Industries for the Russian Federation Denis V Manturov is visiting Pakistan for four days from December 8 to 11 to attend an Inter-Governmental Commission.

Russia contributed a lot towards Pakistan’s progress as it built the Pakistan Steel Mills, OGDCL, Guddu and Mazzafargarh power plants, installed a lot of hydel turbines, and repaired the Jamshoro power plant and more importantly it was a Russian engineer who erected Minar-e-Pakistan (Pakistan Tower).

Under the latest scenario, Russia has aspired many times to help reconstruct Pakistan Steel Mills making it economically viable and play its role in Pakistan’s energy sector. Russia also wants to construct the railway track from Quetta to Taftan. Russia will offer Sukhoi SuperJet-100 passenger planes to Pakistan for PIA, senior officials at Economic Affairs Division, ministries of Industries & Production and Commerce told The News. Russia and Pakistan will also figure out the much-delayed North-South gas pipeline.

This will be the sixth meeting between the two countries at the IGC level on economic, trade, scientific and technical cooperation. Federal Minister for Economic Affairs Hammad Azhar will represent Pakistan during the talks at IGC level. Both sides will find out more avenues in cooperation on trade, economic, scientific, and technical areas in IGC meetings.

The officials said that working group of both the countries on energy will meet on December 9 whereas working group on trade and industries will hold talks on December 10 and a plenary session is to be held on December 11.

Mentioning about the Russian offer of SSJ-100 aircrafts to PIA, the officials said that the said planes will be available on direct purchase and lease to purchase options and can be positioned immediately on wet lease to meet the immediate operational requirements of PIA.

The aircraft can be operated both on domestic and international sectors to Middle East, CIS, India, China, Colombo, Bangladesh, UAE etc. Aircraft can be supplied on both wet or dry lease with option to purchase.

The official said that the route analysis done for PIA in 2012 and more importantly Sukhoi SuperJet SSJ-100 is a pet project of President Putin.

Coming to Pakistan Steel Mills, the official said that Russia in the recent past offered three options saying under option-1, Russia wanted that its state owned companies under g-to-g arrangement will revamp Pakistan Steel Mills and then it will handover it to Pakistan and under option-2, Russian state owned companies will under g-to-g arrangement revamp PSM with their own management required for operation and maintenance. And under third option, the project will get divided in three parts for revamping under which power plant of 156MW will be rehabilitated separately and similarly Coke Oven Battery Plan (COPB), Cold Rolling Mills and Hot Strip Mills and Jetty will be revamped separately. However, Pakistan wants to deal with Pakistan Steel Mills under public private partnership (PPP) mode.

The official went on to say that during the IGC meeting, there are chances to create joint venture in Pakistan for production and maintenance of rolling stock of spare parts that can be used for running the Pakistan Steel Mills.

During the 4 days visit, both the countries would also explore avenues for increasing the bilateral trade which currently stands at about $400 million. Pakistan’ exports stand at $150 million while import from Russia $250 million. Last year the bilateral trade surged by up to $700 million as Pakistan purchased MI-35 helicopters from Russia.

Talking about much-delayed North-South pipeline, the official said that Russia has so far failed to provide sanctions-free structure to Pakistan for initiating $2.1 billion pipeline. Pakistan is very sensitive about involvement of any Russian company that is facing sanctions or on Watch List, as Pakistan cannot afford any Russian company to be involved in laying down N-S pipeline as it is under scanner of FATF and is still in the grey list. During the visit this project would also be figured out and progress will only be made once the Russian side provides the sanctions-free structure up to thesatisfaction of Pakistan
 
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Russia China.... Everyone seems taking big stakes in Pakistan.
Does the real rulers ( bureaucrats + army+politicians ) also have some stakes in Pakistan?

Things are not as straight forward as news make it seem like, its not like Russia will say we want to rebuilt Steel mills and Pakistan will say "je aya nu"
 
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Russia and China are two VERY important regional powerhouses for Pakistan. We need to invest in more interaction opportunities with Russia. Possibly with intervention of China.
 
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Anything expected to be signed or the usual just tea and biscuits routine along with expressions of how "keen" and "eager" the delegation were?
 
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Its not PMLM tenure anymore so expect something.

Also USA sending their trade delegation of 18 in 2020.

Do you remember the photo shoot of PM Khan's first visit to China with the Chinese businessmen? Do you remember how PTI fanboys jumped up and down imagining and declaring an economic revolution?

Well, the PM returned home with 15 "agreements" or simply empty handed and the photo shoots have disappeared from memory.

I'll dig one up for you brother from that visit.

5bdfd2c8a310eff369046ee9.jpeg


Let me know when PM Khan can gift the nation with something equivalent to a $61 billion CPEC project like PM Nawaz Sharif did.
 
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You make it sound like NS started the OBOR project lol. Don't forget OBOR / CPEC is a Chinese initiative; NS had nothing to do with it. Gifted my ***.
Their mindset is amazing. “China gifted $61bln to Nawaz Sharif” - its a Chinese OBOR initiative and no Chinese are not supposed to up the investment every time there is a new PM in Pakistan, so if their interests are met by completion of this initial $61bln investment in infrastructure then that will be it! China-Pak relation are personality agnostic so stop bringing NS as the sole owner of these relations.
“Nawaz Sharif exploded the nukes” - but at the same time Military went in Kargil without even asking PM! How contradictory!
And my favorite these days “IK lost Kashmir to India and he should resign in shame” - well then Xi Jinping lost Laddhak as well and Communist party should behead him by now.

This is the line Pmln media operatives take and are trying hard these days to embed as common patriotic military enthusiasts, and then slowly propagate their theories.
 
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And so cometh The Greatest Game in Town out in the open....

Pakistan remains The Heartland ... though we must stop paying the price for it...in Blood and Treasure.

Time for the world to pay us... but that is a totally different story!!!


@Pakhtoon yum @Verve @RIWWIR @ps3linux @PakSword @fitpOsitive @MastanKhan @masterchief_mirza @StormBreaker @Counter-Errorist @aliyusuf
Lets be honest at this point. Even if whole world pays us, will it be sufficient to make us happy and independent? I am sorry to write like that, but I think at this moment, I would like to be honest, rather than hypocrite.
 
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But we don't have the skills or statesmen to extract price for PakNation...

Exactly. I have not heard, except for Quraan and hadith, such an honest statement in recent times.
That's the very problem.
The reason is, injustice runs in our veins. We make law to suppress others not for the welfare or to manage.
I pray from Allah, may Allah grant us with managers, who are daring, skillful yet God fearing.
And such people are made, takes time, with Consistency, with lot of sincerity, farsightedness and thinking that this is our land, and we have to make it the best.
No imported man or woman can achieve that. We have to do it ourselves.
But as a first step, justice and safety. The most important thing is to take people on board. Through media or what ever is available.
 
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Do you remember the photo shoot of PM Khan's first visit to China with the Chinese businessmen? Do you remember how PTI fanboys jumped up and down imagining and declaring an economic revolution?

Well, the PM returned home with 15 "agreements" or simply empty handed and the photo shoots have disappeared from memory.

I'll dig one up for you brother from that visit.

5bdfd2c8a310eff369046ee9.jpeg


Let me know when PM Khan can gift the nation with something equivalent to a $61 billion CPEC project like PM Nawaz Sharif did.
That wasnt your daddy's doing that project was being discussed for decades. Get a brain or ask your daddy Nawaz for one.
 
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