Russia ready to invest in energy sector
Avdeev has said Pakistan Steel Millsa revival, modernisation and expansion would be the top priority in the Bilateral Joint Commission on Economic and Trade meeting to be held in November this year at Moscow. He endorsed that the PSM was the flagship of Pakistan-Russia friendship and similar cooperation can be extended in other areas. The joint commission also met in Islamabad in Feb 2013 where the two sides signed an inter-governmental memorandum. Talking to the members of Karachi Chamber of Commerce and Industry (KCCI) on Thursday, he said Russia may consider joining TAPI gas pipeline project if the respective countries invite. He said a high profile Russian business delegation, headed by former speaker of the countryas parliament and head of Russian Business Council for Pakistan, is arriving in Karachi in the first week of October to explore new avenue of economic and commercial cooperation and bilateral trade prospects. The visit of Russian President Vladimir Putin to Pakistan was postponed and new dates are not yet decided, he said. He said both countries had excellent diplomatic relations and the military dialogue was also in process. According to KCCIas press release, Avdeev said there is huge demand of textiles and leather garments in Russia where companies have also shown interest in reconstruction as well as modernisation of large state-owned enterprises in Pakistan. He said one reason for low volume of trade between the two countries was the lack of frequent networking between the business communities. KCCI President Muhammad Haroon Agar highlighted the need of Pakistan-Russian inter-governmental arrangements to enhance economic and commercial cooperation, particularly in energy and other important areas. He called for developing direct shipping and air links and establishing banking channels to increase bilateral trade. Agar said Pakistan could seek Russiaas help to integrate and boost its energy and engineering sector with the transfer of technologies.
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The law prohibits the distribution of information to minors that promotes same-sex relationships. Critics say it infringes gay rights and are worried that spectators waving rainbow flags or wearing rainbow T-shirts could be arrested at the Games. Major sponsors such as Coca-Cola ( CCE , Fortune 500 ) and McDonald’s ( MCD , Fortune 500 ) are concerned about the risk of high-profile protests at the Games. Such demonstrations may draw attention to them for the wrong reasons and fuel calls for a boycott of their products. President Vladimir Putin signed the law in June, sparking global outrage and a wave of protests demanding a boycott of the Games, which will be held in the Black Sea resort town of Sochi in February. There’s no sign of athletes staying away but others big names are distancing themselves from the event. Just this week pop singer Cher said she had refused an invitation to perform because of Russia’s anti-gay stance. Related: Bars worldwide boycott Russian vodka over anti-gay laws Putin said in an interview on state television in September that gay people would not be discriminated against at the Sochi Games. But that appears at odds with statements made by government officials that the anti-gay propaganda law will be enforced. The legislation gives authorities the power to impose fines as well as detain foreigners who are deemed to have breached the law before deporting them. Four Dutch tourists reportedly making a film about gay rights in Russia were arrested under the law in July.
A high-level Russian delegation which ended its visit to Pakistan on Thursday also offered to extend cooperation in other energy-related sectors like LNG, natural gas, use of coal for power production and exploration of oil and gas. Led by deputy minister for energy, the delegation included representatives of Russiaas major energy companies. They held talks with Minister for Planning and Development Ahsan Iqbal and discussed Pak-Russia cooperation in the energy sector. aWe are very much encouraged with policies of the new government and the Russian investors are eager to invest in energy sector of Pakistana, said the Russian deputy minister. Russian companies evinced keen interest in export of LNG and in oil exploration here. Mr Ahsan Iqbal said that there was a great potential for cooperation and the government would welcome Russian investment. Pakistan is at the centre of three major regions of growth a South Asia, China and Central Asia a which have a market of three billion people. Russian investors should take advantage of the opportunity as Pakistan possesses rich resources and offers best incentives to investors. The government believes in transparency and has zero tolerance for corruption. The Russian minister called for constituting a working group. The delegation also offered cooperation in modernising thermal plants and converting them into coal-fired technology.
Russia keen on reviving PS
(AP Photo/Bilal Hussein) This citizen journalism image provided by The Syrian Revolution against Bashar Assad which has been authenticated based on its contents and other AP reporting, a Free Syrian army fighter stands on a damaged military tank in Zabadani, near Damascus, Syria, Sunday, Sept. 8, 2013. (AP Photo/The Syrian Revolution against Bashar Assad) This Saturday, Sept. 7, 2013 photo released by the Syrian official news agency SANA, shows a general view of Maaloula village, northeast of the capital Damascus, Syria. (AP Photo/SANA) This Saturday, Sept. 7, 2013 photo released by the Syrian official news agency SANA, shows the entrance of Maaloula village, northeast of the capital Damascus, Syria. (AP Photo/SANA) In this Saturday, Sept. 7, 2013 photo released by the Syrian official news agency SANA, a Syrian military solider fires a heavy machine gun during clashes with rebels in Maaloula village, northeast of the capital Damascus, Syria.(AP Photo/SANA) In this Saturday, Sept. 7, 2013 photo released by the Syrian official news agency SANA, a Syrian military solider fires a heavy machine gun during clashes with rebels in Maaloula village, northeast of the capital Damascus, Syria. (AP Photo/SANA) Israeli soldiers are seen near an Iron Dome battery near Jerusalem, Sunday, Sept. 8, 2013. (AP Photo/Gil Yohanan) A Syrian living in India wraps herself in a Syrian flag and participates in a protest march against a possible U.S.-led attack on Syria, towards the U.S. embassy in New Delhi, India, Saturday, Sept. 7, 2013. (AP Photo/Altaf Qadri) This Friday, Sept.