Russian minister in Islamabad to offer investment in heavy industry

Russian Deputy Energy Minister Anatoly Yanovsky and Pakistan's Ministry of Energy Additional Secretary Sher Afgan Khan sign a memorandum of understanding in Moscow, Russia on Sept. 27, 2018. (Photo by Russian Energy Ministry)
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Updated 10 December 2019

Russian minister in Islamabad to offer investment in heavy industry

  • Russians are interested in Pakistan’s energy, oil and gas, defense and steel sectors
  • Russian delegation is in Islamabad to attend Inter-Governmental Commission meeting

ISLAMABAD: Pakistan and Russia have agreed to expand business and trade ties, with investment in the energy, oil and gas and defense, Special Assistant to the Prime Minister on Petroleum Nadeem Babar told Arab News in an exclusive interview on Tuesday.

A delegation of 64 Russian officials, led by Trade and Industries Minister Denis Manturov, discussed the plans with Pakistani stakeholders at a meeting of the Pakistan-Russia Joint Working Group (JWG) on Energy in Islamabad on Monday.

“The Russian delegation is here to expand ties with Pakistan and engage in trade and business worth billions of dollars. They are interested in three major sectors – energy, oil and gas, and defense,” Babar said.

“In its first phase, Pakistan is going to auction 12 blocks of E&P (exploration and production) this month. Russians are very much interested in this auction,” he added.

“They have representatives of oil and gas companies with them in this delegation, who discussed different projects and showed interest in bidding for these blocks. We are very hopeful that they will take a few blocks in this auction which would be a first as they have never operated in Pakistan before,” he said.

Russian companies are also interested to build a gas pipeline from Karachi to Lahore, Babar said. “We hope to sign an agreement on this in the next two months as both sides have agreed on many things. We have many meetings on this and after this visit, we hope all remaining issues will be solved.”

He said Pakistan and Russia have also discussed an agreement, which was signed earlier, for the laying of more than 1,500 kilometers of an offshore gas pipeline that would transport natural gas from Russia to Pakistan.

Babar said Russia has also shown interest in the rehabilitation and upgrading of Pakistan Steel Mills (PSM) and wants to invest $1 billion. He added, however, that “other countries are also interested in Steel Mills.”

Sergey Vasiliev, director of Russia-Pakistan Business Forum who is in the delegation, told Arab News the visit will be good for removing trade and investment obstacles between the two countries, and for improving business to business contacts.

As Pakistan’s image has lately improved in Russia, “Russian businessmen are more interested in the oil and gas and energy sectors,” he said.

“We are discussing collaboration with Pakistan Steel Mills, so new technology from Russia can enhance its production. We are also ready to provide support in the field of agriculture, especially in increasing storage capacity for local food items and fruits.”

A major breakthrough in Pakistan-Russia relations was the signing of an agreement in Moscow on Dec. 4 by Russia’s Deputy Finance Minister Sergey Storchak and Pakistani Ambassador Qazi Khalilullah, whereby Pakistan will repay its $93.5 million debt to Russia, he said.

On Wednesday, the delegation is scheduled to attend an inter-governmental commission meeting at the Ministry of Foreign Affairs.


Coronavirus enters Pakistan, two cases confirmed

Updated 26 February 2020

Coronavirus enters Pakistan, two cases confirmed

  • Both persons have recently traveled to Iran
  • Schools in Sindh and Balochistan have been temporarily closed over outbreak fears

KARACHI: Two coronavirus infections have been reported in Pakistan, both in persons who have recently arrived from Iran, with one of them confirmed to be a resident of Karachi in Sindh province, health officials said late Wednesday evening.
“One case has been reported in Sindh, whereas the second person tested positive in federal areas,” Health Minister Zafar Mirza said during a press conference in Quetta, Balochistan, and answered “maybe” when asked if he referred to Islamabad.
The persons have traveled to Iran in the past 14 days, Mirza said, adding that both are in stable condition.
The person in Sindh has been identified as a 22-year-old resident of Karachi and is already under quarantine.
The man “and other members of his family have been quarantined at a private hospital,” Meeran Yousuf, a spokesperson of the Sindh Health Department, told Arab News, adding that the patient arrived in Karachi on a flight from Mashhad on Feb. 20.
Meanwhile, isolation wards have been established at Karachi hospitals, Sindh Information Minister Nasir Hussain Shah told reporters. Schools in the province will be closed on Thursday and Friday, Sindh Education Minister Saeed Ghani announced on Wednesday night.
In Balochistan, which borders with Iran, all educational institutions have been temporarily closed until March 15 “as a precaution to protect children from the coronavirus,” the province’s education directorate announced in a circular on Wednesday.
Iran has the highest coronavirus toll outside of China, as the outbreak is spreading rapidly across the country.
Iranian Health Ministry spokesman Kianoush Jahanpour said on Wednesday that 19 people have died from the illness, with 139 confirmed cases in the country. The World Health Organization says the virus has infected more than 80,000 people around the world, causing over 2,700 deaths, mainly in China.
Experts are concerned that Iran may be underreporting cases and deaths.