This is a very big initiative of the present government which would help improve the relations between the two countries, he said.

"Russian government will invest in different sectors including steel and banking in the next coming months, "Chairman Investment Board said this while talking to Pakistan Television (PTV).

He said Russian investment in banking sector of Pakistan would start soon, while negotiation on Steel Mill was in progress.

Mandviwala said that Russia was 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 was very important.

The chairman said that foreign investment ratio in the country has increased by two percent during the last two years and efforts were being made to further raise this ratio in days ahead.

He said the Investment Board was going to launch online visa service next month for foreign investors.

Mandviwala said that a special protocol was being given to those who were willing to get Pakistani visas for investment and business purpose in the country.

Copyright APP (Associated Press of Pakistan), 2011