AZADPAKISTAN2009
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Mr Saleem H Mandviwala chairman Board of Investment as saying that a Russian firm Russian Technologies will visit in July this year to discuss modalities in connection with the expansion of Pakistan Steel Mills. This expansion project involves an investment of USD 540 million to expand the production of steel by PSM.
He said that another Russian company will visit Pakistan in next two months to suggest on the revival of Pakistan Railways. Similarly, Russian gas giant Gazprom will also visit Pakistan in next three months to negotiate for expanding drilling for oil and gas and for laying gas pipelines particularly, Turkmenistan-Afghanistan Pakistan gas pipeline and Iran and Pakistan gas pipeline.
He said these decisions have been made during the visit of President Asif Ali Zardari to Russia where he invited Russian businessmen and large companies to invest in Pakistan.
Mr Mandviwala said that this is the first ever visit of any elected President to Russian in the last 37 years. Lots of Russian delegations will come to Pakistan as Russian leadership including Mr Dmitry Medvedev president of Russia have asked Russian conglomerates to invest in steel, energy, oil and gas sector in Pakistan.
He said that Pakistan has signed four memorandum of understanding with Russians for cooperation in energy, dams and railway projects. BoI has also inked MoU with its Russian counterpart National Investment Company for cooperation to attract investment in Pakistan.
Mr Mandviwala said that BoI will extend all support to Pakistani IT sector for collaboration with Indian IT companies. A delegation of PASHA has held a meeting with him to discuss the possibilities for cooperation with Indian companies.
He said that another Russian company will visit Pakistan in next two months to suggest on the revival of Pakistan Railways. Similarly, Russian gas giant Gazprom will also visit Pakistan in next three months to negotiate for expanding drilling for oil and gas and for laying gas pipelines particularly, Turkmenistan-Afghanistan Pakistan gas pipeline and Iran and Pakistan gas pipeline.
He said these decisions have been made during the visit of President Asif Ali Zardari to Russia where he invited Russian businessmen and large companies to invest in Pakistan.
Mr Mandviwala said that this is the first ever visit of any elected President to Russian in the last 37 years. Lots of Russian delegations will come to Pakistan as Russian leadership including Mr Dmitry Medvedev president of Russia have asked Russian conglomerates to invest in steel, energy, oil and gas sector in Pakistan.
He said that Pakistan has signed four memorandum of understanding with Russians for cooperation in energy, dams and railway projects. BoI has also inked MoU with its Russian counterpart National Investment Company for cooperation to attract investment in Pakistan.
Mr Mandviwala said that BoI will extend all support to Pakistani IT sector for collaboration with Indian IT companies. A delegation of PASHA has held a meeting with him to discuss the possibilities for cooperation with Indian companies.
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