Russia's Autovaz starts Lada Vesta sales in GermanyBusiness & Economy February 21, 17:31
Syrian opposition’s Moscow Group to take part in Geneva talksWorld February 21, 17:21
Poroshenko urges EU to tighten anti-Russian sanctionsWorld February 21, 17:19
Nuclear icebreakers escort twice more vessels in Arctic year-on-yearBusiness & Economy February 21, 16:23
Russian scientists forecast lower temperatures in Arctic after 2020 onlyBusiness & Economy February 21, 16:23
Russia expects US to support efforts against 'chemical terrorism' — diplomatRussian Politics & Diplomacy February 21, 16:18
Putin signs decree to posthumously award Order of Courage to Vitaly ChurkinRussian Politics & Diplomacy February 21, 15:55
Russian defense minister blames NATO for dodging cooperation with RussiaRussian Politics & Diplomacy February 21, 15:54
Minister: Russian operation in Syria stopped chain of color revolutions in Middle EastRussian Politics & Diplomacy February 21, 15:23
ST.PETERSBURG, June 18. /TASS/. New investments of Russia’s companies in energy, coal mining and metals industry of Pakistan may reach $5 billion in the coming five years, the vice president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said on Thursday.
"I expect that in the next five years, Russia’s companies may invest at least $5 billion in Pakistan in such spheres as energy, coal mining and metals industry," Muhammad Waseem Vohra told the St. Petersburg economic forum.
Russia could also invest funds in creating petrochemical enterprises in Pakistan, he said.
Pakistan, which seeks to join the Shanghai Cooperation Organisation (SCO), Russia and other members of the group should have closer ties, Vohra said.
The real prospects of this rapprochement are linked to the implementation of the Pakistan-China economic corridor (CPEC) project, he said. The project will connect China’s Kashgar city with Gwadar Port in southwestern Pakistan.
Russia may join the project and the legal basis is ready for this. "There are no restrictions on the number of countries that will use Gwadar Port," he stressed, adding that the participation will allow Russia’s companies to carry out the transit of cargos to the Persian Gulf via the port.
Russia’s companies that seek to supply their goods to the Middle East countries, Pakistan and India will benefit from this, he said.