APP cited Mr Saleem H Mandviwala chairman Investment Board as saying that Pakistan is going to resume bilateral trade and investment with Russia after a long gap of 30 years. This is a very big initiative of the present government which would help improve the relations between the two countries.
Mr Mandviwala said that “Russian government will invest in different sectors including steel and banking in the next coming months. Russian investment in banking sector of Pakistan would start soon while negotiation on Steel Mill was in progress. 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 said that “To increase the activities at Gwadar Port the railway and road communication was very important. Foreign investment ratio in the country has increased by 2% during the last two years and efforts were being made to further raise this ratio in days ahead. Investment Board was going to launch online visa service next month for foreign investors.”
He added that a special protocol was being given to those who were willing to get Pakistani visas for investment and business purpose in the country.
Source: Associated Press of Pakistan
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