RUSSIA WILLING TO INVEST IN PAKISTAN`S AUTO SECTOR: AMBASSADOR
ISLAMABAD, June 14 Asia Pulse - The Ambassador of the Russian Federation to Pakistan, Eduard S Shevchenko, recently
met with the Minister for Industries and Production, Liaquat Ali Jatoi and discussed matters of mutual interest and ways
to enhance economic ties.
These talks included the expansion of Pakistan Steel Mills.
The envoy spoke on the Russian companies' interest in the auto sector to meet the demand of small cars and
manufacture tractors through a joint venture project.
He added that Russia was willing to help in the second phase expansion of Pakistan Steel Mills, as an MoU had already
been signed with Russia for the expansion of first phase from one million to 1.5 million tonnes production per
annum.
The minister welcomed proposals for investment in the auto sector, saying there was a growing demand of automobiles
in Pakistan, and Russia could benefit from it. He briefed the envoy about liberal investment policies and said Pakistan
was a viable place for investment as all economic indicators were moving in right direction.
(PPI) +
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