Omar1984
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Russia to help overcome present energy crisis
LAHORE: Russian Consul General Andrey Demidov has said that Russia, for being top energy supplier in the world, is ready to extend cooperation to Pakistan for overcoming the energy shortages.
Speaking at the Lahore Chamber of Commerce and Industry (LCCI), he said there were possibilities of cooperation in energy sector during the upcoming visit of President Asif Ali Zardari to Russia scheduled for May 17 this year. He said a great potential exists for Pakistani businessmen in rice, fruits, pharmaceuticals, sports goods, leather, apparel, hosiery, home textiles and fabrics therefore Pakistani businessmen should join hands with their counterparts in Russia.
He said for fruits the Russian market size is $5.77 billion out of which 80 percent fruits are being imported. The market size for pharmaceuticals is $14 billion with an annual growth of 11.4 percent and out of which 74 percent are being imported by Russia.
He said in Russia $3 billion worth of sports goods are presently being imported and Pakistani sports goods manufacturers having a great possibility to expand their business. Russia is importing $10 billion worth of leather goods and the worth of apparels is $21 billion, he added.
He urged the LCCI president to arrange sector-specific delegation so that the Pakistani businessmen could have first hand knowledge about the available opportunities in Russia. We need to explore ways to smoothen the trade ties particularly making efforts to gradually increase the overall trade volume with special focus on closing the gap of trade deficit for Pakistan, said LCCI President Shahzad Ali Malik.
He said by accessing to some information related to trade inquiries, Pakistani businessmen could penetrate into Russian market considering countrys capacity of exports. There lies a great potential to import power equipment, steel, urea, chemicals etc from Russia while the oil and gas sector in Pakistan offers great opportunities to Russia, which has the requisite expertise and technology in this field.
Likewise, Russia can evaluate the possibilities of collaborating with Pakistan for mining of marble and granite as well. There is also a need for a more proactive communication between the Chambers and Diplomatic Missions of the two countries. ppi
Source: Daily Times - Leading News Resource of Pakistan
LAHORE: Russian Consul General Andrey Demidov has said that Russia, for being top energy supplier in the world, is ready to extend cooperation to Pakistan for overcoming the energy shortages.
Speaking at the Lahore Chamber of Commerce and Industry (LCCI), he said there were possibilities of cooperation in energy sector during the upcoming visit of President Asif Ali Zardari to Russia scheduled for May 17 this year. He said a great potential exists for Pakistani businessmen in rice, fruits, pharmaceuticals, sports goods, leather, apparel, hosiery, home textiles and fabrics therefore Pakistani businessmen should join hands with their counterparts in Russia.
He said for fruits the Russian market size is $5.77 billion out of which 80 percent fruits are being imported. The market size for pharmaceuticals is $14 billion with an annual growth of 11.4 percent and out of which 74 percent are being imported by Russia.
He said in Russia $3 billion worth of sports goods are presently being imported and Pakistani sports goods manufacturers having a great possibility to expand their business. Russia is importing $10 billion worth of leather goods and the worth of apparels is $21 billion, he added.
He urged the LCCI president to arrange sector-specific delegation so that the Pakistani businessmen could have first hand knowledge about the available opportunities in Russia. We need to explore ways to smoothen the trade ties particularly making efforts to gradually increase the overall trade volume with special focus on closing the gap of trade deficit for Pakistan, said LCCI President Shahzad Ali Malik.
He said by accessing to some information related to trade inquiries, Pakistani businessmen could penetrate into Russian market considering countrys capacity of exports. There lies a great potential to import power equipment, steel, urea, chemicals etc from Russia while the oil and gas sector in Pakistan offers great opportunities to Russia, which has the requisite expertise and technology in this field.
Likewise, Russia can evaluate the possibilities of collaborating with Pakistan for mining of marble and granite as well. There is also a need for a more proactive communication between the Chambers and Diplomatic Missions of the two countries. ppi
Source: Daily Times - Leading News Resource of Pakistan
