Russia assistance in development projects beneficial: minister

ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar on Wednesday said that Russian involvement in development projects will be mutually beneficial both Russia and Pakistan.

Addressing a press conference alongside Russian Trade Minister Denis Valentinovich in Islamabad, the minister specifically highlighted cooperation in the railway sector.

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Russia is exporting railways equipment to European countries. On the other hand, Pakistan’s workshops are obsolete and desperately need to be upgraded.

“Pakistan can derive enormous benefits by entering into a partnership with our Russian counterparts,” he said, adding that there are lessons that can be learned and the technology can be transferred.

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“We can enhance our locomotive and carriage productions. All of this can be made possible by entering into a partnership with Russia. We look forward to that,” Azhar added.

Citing the example of the Guddu power plant, the minister maintained that Pakistan has a long history of mutual assistance with Russia where power generation is concerned.

He said the government believes when it comes to new power projects and upgrading existing projects, Russia has an understanding of our energy needs and of the terrain.

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