Pakistan FM to visit Moscow tomorrow after talks on Russian oil imports

Pakistan's Foreign Minister Bilawal Bhutto Zardari speaks during a press conference in Berlin, Germany, on October 7, 2022. (Photo courtesy: AFP/File)
Short Url
Updated 29 January 2023
Follow

Pakistan FM to visit Moscow tomorrow after talks on Russian oil imports

  • Relations between Pakistan and Russia have seen many ups and downs, but the ties have warmed up in recent years
  • Russia last week conceptually agreed to provide cheap crude oil to cash-strapped Pakistan on easy payment terms

ISLAMABAD: Pakistan’s Foreign Minister Bilawal Bhutto-Zardari will visit Moscow on January 29-30 to discuss the “entire spectrum” of bilateral relations as well as issues of mutual interest between the two countries, the Pakistani foreign office said on Saturday.

The visit comes more than a week after a Russian delegation came to Pakistan to attend the 8th Pakistan-Russia Inter-Governmental Commission (IGC) meetings in Islamabad. The Eastern-European delegation signed multiple memoranda of understanding with Pakistan in different sectors and also conceptually agreed to provide cheap crude oil to the cash-strapped country, which has been struggling for months to meet its energy needs due to a severe forex crunch.

In view of Pakistan’s deteriorating economic conditions and its forex reserves declining to a staggering $3.6 billion, Russia also said it would allow Pakistan to pay for the energy imports in currencies of friendly countries.

“Foreign Minister Bilawal Bhutto Zardari will undertake an official visit to Moscow at the invitation of Foreign Minister of the Russian Federation Sergey Lavrov from 29-30 January 2023,” the Pakistani foreign office said in a statement.

“The foreign minister will hold official talks with his Russian counterpart where the two sides would deliberate upon the entire spectrum of bilateral relations and exchange views on regional and international issues of mutual interest.”

Historically, relations between Pakistan and Russia saw many ups and downs, mainly due to the former’s alliance with the United States (US). But in recent years, relations between the two states have warmed up as a countermeasure to warming ties between India and the US.

Earlier this week, US State Department Spokesperson Ned Price said “now is not the time” to bolster economic ties with Russia, as the West continues to find ways to curtail Moscow’s finances due to its invasion of Ukraine.

The Pakistani government, however, reiterated that the South Asian country would go ahead with the oil deal with Russia, adding that all deals will be finalized by March and oil will arrive in Pakistan by the end of April.


Pakistan to showcase BYD, Samsung, Google assembly push at ITCN Asia expo

Updated 15 January 2026
Follow

Pakistan to showcase BYD, Samsung, Google assembly push at ITCN Asia expo

  • STZA pavilion backed by SIFC highlights shift from tech services to manufacturing
  • Electric vehicles, electronics and data centers featured at Lahore exhibition

KARACHI: Pakistan will showcase electric vehicle and electronics assembly by global brands including BYD, Samsung and Google at ITCN Asia 2026, its largest tech expo, as the government seeks to signal a shift from technology consumption toward local manufacturing under its investment-led growth strategy.

The display will take place through a flagship national pavilion led by the Special Technology Zones Authority (STZA) at the three-day ITCN Asia exhibition beginning Jan. 17 at the Lahore Expo Center, with facilitation from the Special Investment Facilitation Council (SIFC), according to a statement issued on Thursday by the cabinet division. 

The move comes as Pakistan pushes to deepen industrial capacity and attract long-term foreign investment amid pressure to boost exports and reduce reliance on external financing. While Pakistan has traditionally positioned itself as a provider of IT services and outsourcing, officials have increasingly emphasized localized production in sectors such as electric vehicles, electronics, cloud infrastructure and data centers.

According to the statement, the STZA pavilion will be organized around three themes: “Manufactured in Pakistan,” “Powered by Pakistan,” and “Pakistan as a Tech Destination,” highlighting the country’s effort to integrate technology with manufacturing and physical infrastructure.

“Manufactured in Pakistan [is] a clear demonstration of Pakistan’s shift from technology consumption to localized production, featuring global brands manufacturing and assembling within STZA-notified zones for domestic and international Markets,” the press release by STZA said. 

“Exhibits include BYD Electric Vehicles, Google Chromebook Assembly through NRTC, and Samsung Electronics through Sapphire Group, underscoring Pakistan’s growing role in global manufacturing value chains.”

The digital infrastructure segment will showcase investments in data centers and computing capacity, with participation from firms including Multinet, a Pakistani telecom and data services provider, and Sky47, a local data center and cloud infrastructure operator, focusing on cloud services, connectivity and enterprise-grade digital platforms.

A third segment will highlight investment-ready technology zones, including Tech7 STZ and Winston STZ, privately developed Special Technology Zones that are building large-scale facilities such as offices, data centers and industrial space to support technology firms seeking to expand domestically and internationally.

STZA said it has notified 32 Special Technology Zones nationwide since its inception, hosting more than 250 technology enterprises and around 27,000 professionals across sectors including artificial intelligence, fintech, cloud computing, agritech, business process outsourcing and high-tech manufacturing such as drones, electronics and electric vehicles.

Under existing policy, technology firms operating within notified zones are eligible for income tax, customs duty and foreign exchange incentives until June 30, 2035, the statement said.

ITCN Asia is one of Pakistan’s largest annual technology exhibitions, drawing local and foreign investors, industry leaders and policymakers, and is being used this year to project Pakistan’s readiness for technology-driven manufacturing and infrastructure development.