KARACHI: Sindh Board of Investment’s Chairperson, Naheed Memon on Tuesday emphasized the need for increased economic and regional cooperation and bilateral trade between Pakistan and Russia, in view of the history of friendly relations between the two countries.
“This is the right time Pakistan and Russian should increase their trade, investment, and economic and regional cooperation,” she said while speaking at a meeting with a business delegation from Saint Petersburg, Russia, here.
The Russian delegates represented 15 companies dealing in power, oil and gas, pharmaceutical, chemical, spare parts, metallurgical, textile especially polyester and yarn producers, engineering and aviation.
They held B2B meetings with Pakistani counterparts to discuss in detail the possibilities of increasing trade and partnering in various potential sectors for good of both the countries. They also deliberated upon the changing regional and global scenes at regional and international levels.
SBI Chairperson recalled that Pakistan People’s Party (PPP) government in Sindh had signed a memorandum of understanding with the government of Saint Petersburg in October 2017.
The visit of this high profile delegation was the follow up of that MoU, she said.
Naheed Memon stressed that the world had entered an era of co-existence and cooperation. And, she said, regional trade blocks had emerged as very successful models of economic cooperation.
She said Pakistan has adopted the policy of focusing on China, Central Asian States, Middle East and Africa after becoming a part of China’s global initiative “One Belt -One Road” to find new markets and find potential international partners.
On the second day, Wednesday, the Russian trade and investor’s delegation are likely to sign MoUs with different Pakistani organisations.
