FPCCI stresses need to build bank­ing chan­nels with Rus­sia

The Pak Banker - - NA­TIONAL -

Fed­er­a­tion of Pak­istan Cham­bers of Com­merce & In­dus­try's Se­nior Vice Pres­i­dent Khalid Tawab (Si­tar-e-Im­tiaz) stresses to build bank­ing chan­nels with Rus­sia and ex­change of sin­gle coun­try ex­hi­bi­tions and as­serted upon the dire need of Rus­sian as­sis­tance to pro­mote bi­lat­eral re­la­tion­ships to de­velop gas ex­plo­ration, rail­ways and re­con­struc­tion of power sec­tor.

Speak­ing with the Rus­sian del­e­ga­tion, headed by Con­sul Gen­eral of Rus­sian Fed­er­a­tion Oleg N. Avedeev, dur­ing visit to FPCCI. Khalid Tawab em­pha­sized to repli­cate co­op­er­a­tion on the lines of Pak­istan Steel Mills in the ar­eas of heavy ma­chin­ery, en­gi­neer­ing, au­to­mo­biles, re­vamp­ing rail­ways, en­ergy from coal, and other ar­eas of na­tional in­ter­est.

He ap­prised about the vi­tal role of FPCCI in the so­cio-eco­nomic de­vel­op­ment of Pak­istan. Ex­chang­ing views he said Pak­istan could seek the Rus­sian help to in­te­grate and boost its en­ergy and power sec­tor with tech­nolo­gies trans­fer. Con­sul Gen­eral of Rus­sian Fed­er­a­tion Oleg N. Avdeev, while shar­ing his views said the peo­ple of both coun­tries don't know much about each other, so in­ter­ac­tion must be en­hanced by vis­it­ing both coun­tries.

It could play a vi­tal role in aug­ment­ing bi­lat­eral trade. He also as­sured that Thurs­day's visit would be the first step to have more ven­tures. Meet­ing was at­tended by FPCCI Vice Pres­i­dents Ar­shad Fa­rooq and Faisal Ja­mal Dashti along with Zubair Tu­fail, Capt. S. Ka­mal A Mah­moodi, Khalid Amin, M. Saleem Sheikh, Waseem Vohra, Rauf Ta­bani, Wa­heed Shah and many more.

In an­other meet­ing Pak­istani Am­bas­sador to Rus­sian Fed­er­a­tion Qazi M. Khalilul­lah has briefed to FPCCI that Rus­sia is a huge mar­ket for Pak­istani prod­ucts as it is among the top 10 economies of the world with an­nual im­ports of around $175 bil­lion, but Pak­istan's share in trade with Rus­sia was just 0.06%.

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