Pakistan, Russia agree to further expand energy cooperation


ISLAMABAD, (DNA) – Yury P. Sentyurin, Deputy Minister of Energy of the Russian Federation, called on Prime Minister Shahid Khaqan Abbasi at the PM Office on Friday. While warmly welcoming the Russian Deputy Minister of Energy on his visit to Pakistan, the Prime Minister stated that Pakistan – Russia cooperation in various sectors is a step towards strengthening of bilateral relations. The Prime Minister stated that the government is focusing on meeting the country’s energy requirements with particular focus on a balanced mix of energy sources.

The Prime Minister appreciated the delegation’s fruitful interaction with Ministry of Energy. The Prime Minister expressed the hope that members of the Russian delegation will have a productive visit in the backdrop of briefing by various Ministries about immense potential for investment in Pakistan’s infrastructure development, energy and communication sectors.

The Prime Minister said that the economic outlook of Pakistan has altogether changed in the last four years, which is being acknowledged globally.

Our Investment Policy has been designed to provide a comprehensive framework for creating a conducive business environment for the attraction of FDI, the Prime Minister said.

Pakistan’s policy trends have been consistent, with liberalization, de-regulation, privatization, and facilitation being its foremost cornerstone, stated the Prime Minister.

Minister In-Charge for Power Mr. Owais Legahri,  Minister of State for Petroleum, Jam Kamal Khan and H.E. Mr. Alexey Y. Dedov, Ambassador of Russia to Pakistan was also present during the meeting.

Later, the Prime Minister also witnessed signing of Inter-Governmental agreement between Pakistan and Russia for supply of gas.=DNA