• Login
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
Times of Pakistan
No Result
View All Result
Home Business

Russia to provide $500m for upgrading PSM

top3 by top3
August 17, 2021
in Business, Pakistan
0
Russian Flag
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Russian FlagKARACHI: Russia has planned to allocate an amount of $500 million for upgrading of Pakistan Steel Mills, revealed the Russian Consul General in Karachi, Andey V Demidov on Monday.
Speaking at a press conference at the Karachi Press Club along with consulate’s information officer, Faizullah he said that special agreements are also underway on construction of a South Asian Electricity Trade and Development Project, CASA-1000. He referred to President Asif Ali Zardari’s visit to Russia last May, and recent successful visits of Pakistani delegations headed by Sindh Chief Minister Qaim Ali Shah, and Federation of Pakistan Chambers of Commerce and Industry (FPCCI) president and Foreign Minister Hina Rabbani Khar’s visit to Moscow in February.

“We hope that agreements concluded during those visits will be materialised for the benefit of our two countries and people,” he added. The Russian diplomat shows his optimism that after the presidential elections in Russia the bilateral relations between Russia and Pakistan will receive further development. It is pertinent to mention here that the presidential elections in Russia are scheduled on March 4, 2012. Five candidates are running for the presidential position.
“Russia’s foreign policy is based on mutually beneficial cooperation among the states, businesses and people,” he said, adding that according to the Constitution of the Russian Federation the president is directly in charge of formulating the foreign policy of the country as well as the policy in the field of defence and security.

“The world lives in a period of time that cannot be considered as easy. Humanity is now without exaggeration at a critical stage of its development. A new polycentric international system in world politics, economics and finance is taking shape before our eyes. But there are forces in the world that oppose that phenomenon,” he said. He added that international terrorism is flourishing everywhere. Numerous international issues are being addressed based on the threats of use of force or on the direct use of force. According to him under these circumstances the foreign policy of Russia has to settle lots of problems that become even more complicated every day.

“We have no hidden agendas. We want stability around our borders and strive to provide the most favourable external conditions in order to tackle the vital tasks of modernising our economy and transferring it on to an innovative track,” he remarked. – Dailytimes

Tags: Pakistan Steel MillsRussian Consul General
Previous Post

Improving healthcare standards

Next Post

From rhetoric to parodies

top3

top3

Related Posts

Multiple killed, dozens injured in Peshawar Police Line mosque blast
Pakistan

Multiple killed, dozens injured in Peshawar Police Line mosque blast

by Top
January 30, 2023
Foreign exchange: SBP reserves go down by $75mn in a week
Pakistan

Pakistani rupee slips further against the US dollar

by wasif
January 17, 2023
Talks with India not possible until revocation of J&K’s status: PM Office
Pakistan

Talks with India not possible until revocation of J&K’s status: PM Office

by Top
January 17, 2023
Andre Emilio Suiting
Entertainment

Modernizing the Art of Bespoke Tailoring

by wasif
January 17, 2023
No case of Omicron variant BF.7 detected so far in Pakistan: NIH
Pakistan

No case of Omicron variant BF.7 detected so far in Pakistan: NIH

by Top
January 3, 2023
President, PM grieved over loss of security personnel in Bannu operation
Pakistan

President, PM grieved over loss of security personnel in Bannu operation

by Top
January 2, 2023
New Gas Reserves Discovered In D.I.Khan
Pakistan

New Gas Reserves Discovered In D.I.Khan

by Top
December 27, 2022
Next Post
Lalu Prasad

From rhetoric to parodies

Popular Stories

  • Sofia Vergara

    Sofia Vergara accidentally exposed her breast after New Year’s Eve

    0 shares
    Share 0 Tweet 0
  • Top 10 Most Famous Castles of Pakistan

    0 shares
    Share 0 Tweet 0
  • Pakistan batsman Yasir Hameed denies newspaper claims that he said his teammates were corrupt

    0 shares
    Share 0 Tweet 0
  • Zardari seeks Kuwait’s cooperation for GCC free trade accord

    0 shares
    Share 0 Tweet 0
  • Peter Florjancic: Slovenian inventor extraordinaire

    0 shares
    Share 0 Tweet 0
Times of Pakistan

About Times Of Pakistan

kralbetbetturkeyikimislibahis1xbetm.infohipas.infohttps://www.wiibet.com/restbetcdn.com

Other Categories

  • Beautiful Pakistan
  • Fashion News
  • Funny News
  • Viral Videos
  • Weird News

Recent Posts

  • Multiple killed, dozens injured in Peshawar Police Line mosque blast
  • Breath life into the Royal Era of the East with Shameel Khan
  • Pakistani rupee slips further against the US dollar

Times Of Pakistan © 2021. Design & Developed by E2E Solution Providers.

No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In