Russian firms asked to form joint ventures

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Our Correspondent July 08, 2025
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ISLAMABAD:

Pakistan has invited Russian companies to invest in joint ventures in areas such as electric buses, locomotives, fertilisers, pharmaceuticals and agricultural machinery, stressing that such partnerships will be mutually beneficial.

A high-level Pakistani delegation, led by Special Assistant to Prime Minister on Industries and Production Haroon Akhtar Khan, is on an official visit to Yekaterinburg, Russia to participate in the annual Innoprom Industrial Forum.

On the first day of the forum, Haroon Akhtar visited several industrial exhibitions and observed Russia's technological advancements and industrial capabilities. The visit highlighted avenues for enhancing industrial cooperation between Pakistani and Russian enterprises, with a focus on potential joint ventures.

He held meetings with Russian companies interested in mineral exploration and highlighted Pakistan's rich natural resources and investor-friendly environment.

A key meeting was held with Russian Minister of Industry and Trade Anton Alikhanov. Both sides discussed ways to revitalise Pakistan Steel Mills by reviewing its technical aspects and identifying support mechanisms.

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