Russia considers Pakistan an important country of the region as it has great economic potential and wants to increase bilateral trade and cooperation with Pakistan in diversified areas of economic activity, said Trade Representative of the Russian Federation in Pakistan Yury M Kozlov, while addressing the business community at the Islamabad Chamber of Commerce and Industry.
Strong bilateral trade and larger cooperation between Pakistan and Russia would bring prosperity and integrity to the region, said the envoy.
Kozlov said negotiations are in process with Pakistan for energy projects and cooperation in science and technology. He said a Russian company has already offered $1 billion financial and technical assistance for rehabilitation and upgradation of Pakistan Steel Mills, and the government is also ready to construct 500-600 MW coal-fired thermal power projects near Muzaffargarh and Jamshoro.
Published in The Express Tribune, August 25th 2013.