ANL 15.02 Decreased By ▼ -0.86 (-5.42%)
ASC 13.05 Decreased By ▼ -0.45 (-3.33%)
ASL 17.40 Decreased By ▼ -0.90 (-4.92%)
BOP 8.74 Decreased By ▼ -0.14 (-1.58%)
BYCO 7.13 Decreased By ▼ -0.22 (-2.99%)
FCCL 18.61 Increased By ▲ 0.52 (2.87%)
FFBL 22.83 Decreased By ▼ -0.27 (-1.17%)
FFL 15.05 Decreased By ▼ -0.25 (-1.63%)
FNEL 7.00 Decreased By ▼ -0.11 (-1.55%)
GGGL 16.27 Decreased By ▼ -0.59 (-3.5%)
GGL 26.94 Decreased By ▼ -1.21 (-4.3%)
HUMNL 6.60 Decreased By ▼ -0.04 (-0.6%)
JSCL 19.29 Decreased By ▼ -0.31 (-1.58%)
KAPCO 26.73 Decreased By ▼ -0.27 (-1%)
KEL 3.38 Decreased By ▼ -0.05 (-1.46%)
MDTL 2.10 Decreased By ▼ -0.08 (-3.67%)
MLCF 34.80 Decreased By ▼ -0.21 (-0.6%)
NETSOL 98.15 Decreased By ▼ -5.60 (-5.4%)
PACE 4.19 Increased By ▲ 0.01 (0.24%)
PAEL 26.29 Decreased By ▼ -0.86 (-3.17%)
PIBTL 8.06 Decreased By ▼ -0.14 (-1.71%)
POWER 7.10 Increased By ▲ 0.17 (2.45%)
PRL 15.90 Decreased By ▼ -0.54 (-3.28%)
PTC 9.00 Decreased By ▼ -0.08 (-0.88%)
SILK 1.47 Decreased By ▼ -0.03 (-2%)
SNGP 39.80 Decreased By ▼ -0.95 (-2.33%)
TELE 16.34 Decreased By ▼ -0.80 (-4.67%)
TRG 123.50 Decreased By ▼ -6.86 (-5.26%)
UNITY 28.00 Decreased By ▼ -1.90 (-6.35%)
WTL 2.31 Decreased By ▼ -0.12 (-4.94%)
BR100 4,683 Decreased By ▼ -80.52 (-1.69%)
BR30 20,150 Decreased By ▼ -521.51 (-2.52%)
KSE100 45,262 Decreased By ▼ -559.85 (-1.22%)
KSE30 17,736 Decreased By ▼ -270.63 (-1.5%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,344
1624hr
Pakistan Cases
1,267,393
56724hr
1.45% positivity
Sindh
466,945
Punjab
438,636
Balochistan
33,159
Islamabad
106,615
KPK
177,240

Saleem H Mandviwala KARACHI: A Russian firm Russian Technologies will visit in July this year to discuss modalities in connection with the expansion of Pakistan Steel Mills (PSM).

This was stated by the chairman Board of Investment (BoI) Saleem H Mandviwala while talking to newsmen here on Monday. DG BoI Nasreen Khan was also present on the occasion.

This expansion project involves an investment of $ 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 (TAPI) and Iran-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.

Terming the visit a historic one, Mandviwala said that this is the first ever visit of any elected President to Russian in the last 37 years.

He said that lots of Russian delegations will come to Pakistan as Russian leadership including President Dmitry Medvedev have asked Russian conglomerates to invest in steel, energy, oil and gas sector in Pakistan.

He said Pakistan has signed four memorandum of understanding (MoU) 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, he added.

Talking of a meeting with Pakistan IT company on Monday, Mandviwala said that BoI will extend all support to Pakistani IT sector for collaboration with Indian IT companies.

He said that a delegation of PASHA has held a meeting with him to discuss the possibilities for cooperation with Indian companies.

PASHA president Jehan Ara said that visa was the most critical issue between Pakistan and India and this needs to be simplified to boost IT business between the two countries.

Copyright APP (Associated Press of Pakistan), 2011

Comments

Comments are closed.