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Following Imran’s visit, Russia prepares 4-year economic cooperation plan with Pakistan

Russia Pakistan

After the visit of last Pakistan Prime Minister Imran Khan to Moscow, Russia has shared a draft four-year (2022-2025) roadmap for development of trade and economic cooperation comprising increase in bilateral trade business.

According to the well-informed sources, the draft roadmap, sent by the Russian embassy in Islamabad to the Ministry of Foreign Affairs, will help accelerate the economic activity of Russian and Pakistani companies in the markets of both countries. It will also benefit the business communities of both countries by creating awareness about the opportunities available in the markets of the Russian Federation and Pakistan.

The roadmap contains the following sector-wise detail:

Industrial sector: Seeing the probability of supplies of assembled vehicles for national and private customers as well as the implementation of the vehicles assembly project in Pakistan, Russian company Ulyanovsky Avtomobilny ZavodLLC (UAZ LLC) is planning to establish such kind of a plant.

Read more: Pakistan continues with $3 billion gas pipeline amid Russia sanctions

Provision of transportation management digital solutions, utility equipment, the possibility of supplies of uninterrupted power system, the possibility of supplies of railways engineering products, and other converting equipment are also offered by Russia.

With respect to the field of the aviation industry in Pakistan, the possibility of supplies of air navigation and air space control, weather radars, surveillance and communication systems, M/s Almaz Antey JSC and Pakistan Civil Aviation Authority (PCCA) is under consideration.

Moreover, enhancement of certification of the products of the Russian company Ozon Pharmaceuticals LLC, the registration process of DNA human insulin, Rosinsulin, in Pakistan, supplies of Russian medicines, and support in organizing an inspection by a specialized agency is on priority.

The proposed roadmap also contains the possibility of supplies of Russian chemical industry products.

The two allies will collaborate in the oil and gas industry, mineral resources extraction, pipeline construction, and related infrastructure.

Apart from these, the implementation of forthcoming joint projects in natural gas pipeline construction, comprising natural gas, has pipeline project “Pakistan Stream” (Karachi-Lahore); natural gas pipeline project Gwadar-Nawabshah, and natural gas pipeline project Russia-Kazakhstan- Uzbekistan- Afghanistan-Pakistan.

Regarding LNG provisions to Pakistan, Russian company PJSC Novatek will interact with Pakistan State Oil (PSO) and Pakistan LNG Limited (PLL).

The two countries will also cooperate in the extraction of hydropower and renewable resources such as the project of a multipurpose dam on the river Shyok.

Additionally, TPP Muzaffargarh- renovation, transfer of current units of TPPs to a combined seam-gas cycle, HPP “Dasu 2” the second stage of TPP Dasu with a capacity 2100 MW, HPP “Takot 3” 1490 MW supply, installation and commissioning of the main generating equipment are also the part of the proposed roadmap.

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