Steel Mills, Power Plants and now PIA: Here’s how Russia is developing stakes in Pakistan’s economy
According to sources, Russia would now be developing its stakes in the economy of Pakistan at a great level and as of now, a Russian delegation of 64 members presided by Denis V Manturov, Russian Minister for Trade and Industries, would now be visiting Pakistan on 8th December till 11th December to attend the meeting of Inter-Government Commission.
The development of Russian stakes:
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Russia is the country that has contributed a lot to the Pakistan economy by building various power plants as well as steel mills. Other than that, it has installed many hydel turbines and repaired the power plant in Jamshoro. It even played a significant part in building the Pakistan tower that we call ‘Minar-e-Pakistan’.
Recently, it has been making the rounds that Russia is insisting to help Pakistan reconstruct its steel mills so that it can become economically viable for the country. Apart from that, they’ve also offered to help us build the railway tracks from Taftan to Quetta.
Expanding Pakistan International Airlines:
As mentioned by Economic Affairs Division officials, Russia will soon provide Sukhoi 100-Passenger Super Jet Planes to Pakistan International Airlines. Another update to date is that the much-delayed project of the North-South gas pipeline is also under discussion with the Russian Federation.
Around five meetings have taken place at the IGC level between Pakistan and Russia in recent months on the technical and scientific cooperation and economic trade. It is said that Pakistan, along with Russia, would figure more routes for assistance on the economy, trade, technical, and scientific zones in the next IGC meetings.
As stated by the officials, the next meeting would take place on December 9th where working groups of Pakistan and Russia would talk about energy; while, another session for trade and industries would be arranged on December 10th. After that, there would be a plenary meeting on 11th December in the country’s capital.
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