BOAO, HAINAN PROVINCE (Khyber Mail): Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with Russian Deputy Prime Minister Alexei Overchuk on the sidelines of the Boao Forum for Asia (BFA) Conference, reaffirming Pakistan’s dedication to enhancing economic, trade, and investment relations with Russia.
The meeting highlighted the growing momentum in bilateral ties, particularly in energy, trade, and industrial collaboration. Senator Aurangzeb recalled the progress achieved during the 9th session of the Pakistan-Russia Inter-Governmental Commission (IGC) in Moscow, co-chaired by Pakistan’s Minister for Energy, Awais Ahmed Leghari, and Russia’s Minister of Energy, Sergei Tsivilev.
Key discussions included expanding energy cooperation, with Pakistan expressing interest in increasing crude oil procurement and exploring investments in oil and gas. Both sides also explored collaboration in the hydropower sector, with Pakistan welcoming Russia’s technical expertise and investment.
The Pakistan-Russia Freight Pilot Train Project, set to launch on March 31, 2025, under the North-South Transport Corridor via Iran, was also a focal point. Measures to ensure smooth operations, including customs facilitation and regulatory alignment, were discussed.
Additionally, Pakistan’s interest in establishing a new steel mill with Russian collaboration was emphasized, with the Minister stressing the importance of feasibility studies and cost assessments.
The meeting concluded on a positive note, with both nations reaffirming their commitment to strengthening economic ties and exploring new avenues for cooperation. Both sides expressed optimism about achieving tangible progress in the near future.