SBI chief for better economic ties with Russia

KARACHI: Sindh Board of Investment (SBI) Chairperson Naheed Memon on Tuesday emphasised the need for increasing economic and regional cooperation between Pakistan and Russia.

“This is the right time, Pakistan and Russian should increase their trade, investment, and economic and

regional cooperation,” she said, while speaking at a meeting with a business delegation from Saint Petersburg.

The Russian delegates represented 15 companies dealing in power, oil and gas, pharmaceutical, chemical, spare parts, metallurgical, textile especially polyester and yarn, engineering, and aviation.

They held B2B meetings with Pakistani counterparts to discuss the possibilities of increasing trade and partnering in various potential sectors for the good of both the countries.

They also deliberated upon the changing regional and global scenes at regional and international levels. The Sindh Board of Investment chairperson said that Pakistan Peoples’ Party government in the province had signed a memorandum of understanding (MoU) with government of Saint Petersburg in October 2017, and the visit was the follow up of that MoU.

Naheed Memon stressed that the world had entered the era of co-existence and cooperation, and added that regional trade blocks had emerged as a very successful model of economic cooperation.

She said Pakistan has adopted the policy of focusing on China, central Asian States, Middle East and Africa after becoming a part of China’s global initiative “One Belt -One Road” to find new markets and find potential international partners.