KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) delegation met Russian Government officials and the business leaders, and also signed a memorandum of understanding (MoU) with Federation of Russian Chambers of Commerce and Industry.
Led by President FPCCI Senator Haji Ghulam Ali aimed at increasing economic cooperation and partnership with Russia, they met with officials of Ministries of Industry, and Foreign and Economic Relations of Russian Federation, as well as National Investment Agency representatives and business community members of Federation of Russian Chamber of Commerce and Industry (FRCCI) separately. Pakistani Trade Minister in Russia Iylas Ghouri accompanied the delegation, said a FPCCI statement here on Tuesday.
The FPCCI delegation discussed in detail the matters relating to Pakistan-Russia relations, an expansion of trade and investment, and exchange of information.
The delegation includes Vice President FPCCI Fazl-e-Elahi, Chairman Pak-Russia Business Council Abdul Rauf Tabbani, Chairman, FPCCI Standing Committee Mines and Minerals Shahid-ur-Rehman, Atta-ur- Rehman, Asif Majeed, Asif Saeed, Dr. M. Shafique, Ashfaque Ahmed, Irshad Ahmed Swati, Muhammad Ikram, Iqbal Shah, Nadeem Khalid and Mohsin Akhtar Wariach.
During a meeting FPCCI and Federation of Russian Chambers of Commerce and Industry also signed a MoU. The Presidents of FPCCI and FRCCI were the signatories.
On this occasion, Senator Haji Ghulam Ali said we want better relations with Russia including enhanced bilateral trade based on easy market access to each other's products.
This is the reason that President Asif Ali Zardari visited Russia four times in last two years, and our Commerce Minister, Makhdoom Amin Fahim, the Foreign Minister and Agriculture Minister have also visited the Russian Federation.
The visit of Prime Minister Syed Yousuf Raza Gilani to Russia on 7th of this month also indicates that Pakistani Government desire very good social and economic relations with Russia, he added.
He wished the Russian Federation and its business community will come forward and play their role in promoting joint ventures and bilateral trade.
President FPCCI informed that there is a huge potential for investment in mining, railways, transport and the energy sectors in Pakistan and Russian investors should avail these opportunities.
He elaborated that more than 35 years ago, the construction of Pakistan Steel Mills was made possible because of Russian assistance, and it is a symbol of Pakistan Russia relationship.
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