ISLAMABAD: Pakistan is going to resume bilateral trade and investment with Russia after a long gap of 30 years said Chairman Investment Board Saleem H. Mandviwala.
The move comes after President Zardari visited Russia recently and announced that Russia is interested in Steel and Banking sector.
Saleem H. Mandviwala said that this is a very big initiative of the present government which would help improve the relations between the two countries.
Russian investment in banking sector of Pakistan will start soon, while negotiation on Steel Mill is in progress. Russia is a big investor of the region and its leadership is willing to invest in Pakistan’s top zones. This is a positive gesture of Russian government for this region, he added.
To increase the activities at Gwadar Port, he said the railway and road communication is very important.
The Chairman said that foreign investment ratio in the country has increased by two percent during the last two years and efforts are being made to further raise this ratio in days ahead.
