Federal Minister of Economic Affairs Mr. Omar Ayub Khan chaired a high-level meeting to discuss the agenda of the next meeting of the Pakistan-Russia Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation




Federal Minister of Economic Affairs Mr. Omar Ayub Khan chaired a high-level meeting to discuss the agenda of the next meeting of the Pakistan-Russia Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation

Pakistan and Russia will hold the 7th meeting of the Intergovernmental Commission from November 24-26, 2021 in Yekaterinburg, Russia.


Islamabad: November 11, 2021

Federal Minister of Economic Affairs Mr. Omar Ayub Khan chaired a high-level meeting to discuss the agenda of the next meeting of the Pakistan-Russia Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation. The 7th IGC Pak-Russia meeting will be held in Yekaterinburg, Russia, from November 24-26, 2021. Mr. Omar Ayub Khan, Federal Minister of Economic Affairs of Pakistan and Mr. Nikolay Shulginov, Minister of Energy of Russian Federation are the co-chairs of the Intergovernmental Commission. The meeting brought together representatives from the Ministry of Foreign Affairs, Ministry of Commerce, Ministry of Energy, Ministry of Information Technology and Telecommunications, Ministry of National Food Security and Research and other departments concerned. The President reviewed the progress of the decisions of the 6th IGC meeting held in Islamabad in December 2019. The Minister of Economic Affairs focused on strengthening bilateral relations with the Russian Federation, because the two countries have enormous potential for mutual cooperation in various fields. The participants deliberated on the various proposals for cooperation with Russia, including trade, customs, energy, industry, agriculture, education, science and technology, transport and technologies of the information and communication. The minister said the role of the private sector is important for strengthening bilateral relations, especially trade and investment. The Minister hopes that Pakistan and Russia will have a very constructive and positive dialogue to strengthen bilateral relations at the next IGC meeting. The minister asked to identify priorities and prepare comprehensive proposals including scope, action plan, outputs and outcomes as well as timelines. The minister said that regional integration is fundamental for improving socio-economic relations in the region. Regional connectivity can lead to substantial economic gains with Central Asia, Russia and China, he added. Earlier, the Minister of Economic Affairs also chaired two meetings on projects funded by the World Bank, namely the development of higher education in Pakistan and the Khyber Pass Economic Corridor (KPEC). The aim of the Pakistan Higher Education Development Project is to support research excellence in strategic sectors of the economy, improve teaching and learning, and strengthen governance in the higher education sector. Dr Shaista Sohail, Executive Director of the Higher Education Commission, briefs the Minister on the progress of the project. The minister also reviewed the progress of the Khyber Pass Economic Corridor (KPEC) project and called on the National Highway Authority and Khyber Pakhtunkhwa government to expedite the design and award of the contract.

Disclaimer

Ministry of Economic Affairs, Economic Affairs Division of the Islamic Republic of Pakistan published this content on November 11, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on November 12, 2021 05:56:04 AM UTC.

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