Russia invited PSM, railways, oil & gas sector

Pakistan has invited Russia, Pakistan Steel Mills, Pakistan Railways (PR) and investment activities in oil and gas exploration joint venture with Oil and Gas Development Company Limited (OGDC) under proposed Bilateral Investment Treaty (bit), Business Recorder has learned.

The two countries are expected to visit some improvements during the next President Asif Ali Zardari to Russia in the second week of next month.  

The two sides may agree on cooperation in mutual investment, banking sector, railways and communications networks to enter.
Secretary of State for Finance and Economic Affairs Division (EAD) Hina Rabbani Khar, along with Secretary of Commerce proposals for a bit, Preferential Trade Agreement (PTA), the agreement to avoid double taxation and free trade agreements) and Russia meeting in Pakistan raised Inter-governmental Commission (IGC) on Tuesday will be held in Russia.
Two members of Pakistan delegation also raised $ 100 million reimbursement claims from Pakistan's leading exporter of the pending collapse of Russia after the war were in Afghanistan. Sources said the two countries 'exporters claim reimbursement agreement' was entered, but Russia is still paying for in this regard.

In this session IGC, subject agreement between the two sides was discussed. Russia, Pakistan in March 2006 approached, however, looking to increase trade volume between the two countries and pledged to enter agreements with Pakistan. Sources said that Pakistan's Cabinet had approved negotiations to conclude agreements with Russia, but Russian officials from the lack of understanding about the various proposed for the delay in the final contract agreement.

Russia invited the PSM video

Pakistan and Russia Business Council (PRBC) from FPCCI to opportunities in both countries to increase bilateral trade volume has made suggestions to the Ministry of Textiles, 

Commerce and TDAP the following studies: (i) market access and heavy duty with disabilities customs procedures complicated and it will be easy access to other markets by reducing duties on certain benefits under the Agreement have, (b) Russia may be approached to join the multi-billion IPI project to transport Iranian natural gas to India and Pakistan (Third) Bank of Pakistan in Moscow, and Russian banks may set up in Karachi to increase mutual trade, (iv) storage and display centers may potential in business centers in Russia set to enable Pakistan to become a textile competition in Russian market, (v) Multiple entry visas available to business visitors on both sides; (VI) from entering the private sector Pakistan and Russia Joint Ministerial Commission (JMC) meetings and (vii) must convince investors to Russia in the Thar Coal project to participate.

Russia invited the PSM video-2