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Russian PM signs decree for expansion of PSM
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Wednesday, 07 Nov 2012
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APP reported that the Russian Federation has agreed to the MoU approved by the Government of Pakistan regarding the expansion and modernization of Pakistan Steel Mills.

Mr Dmitry Anatolyevich Medvedev PM of Russian Federation said when he met Mr Raja Pervez Ashraf PM of Pakistan on the sidelines of 9th Asia Europe Meeting Summit (ASEM-9). In this connection, the Prime Minister of Russian Federation signed a decree, signaling the approval of the MoU proposed by Pakistan.

Mr Raja Pervez Ashraf said that Pakistan Steel Mills is a symbol of Pakistan and Russia friendship and has special significance for Pakistan Peoples Party led government as it was initiated during the government of Shaheed Zulfikar Ali Bhutto. Russian Federation is an important country with which Pakistan has good relations and it has an important role in the world. Russia being both a European and an Asian country can serve as a link between the two continents.

He said that there was a convergence between Pakistan and Russia on various regional and international issues. Referring to the recent visit of Russian Foreign Minister to Pakistan, he termed it as successful where both the countries were able to make a good progress in their relations. The inter governmental group established for enhancing ties between the 2 countries would further strengthen the relations.

The Prime Minister extended an invitation to Russian Prime Minister tovisit Pakistan and expressed the hope that frequent exchanges of delegations and government functionaries will further enhance the ties.

Mr Dmitry Medvedev said that relations between the two countries have shown marked improvement in the last few years and they are in the right direction. The Russian Federation is keen to expand these ties and is ready to make investment in projects that are mutually beneficial.

He said that President Mr Asif AliZardari had very useful meetings with the leadership of Russian Federation which laid the foundation of good relations between the two countries. He expressed the confidence that in the near future both the countries would be able to identify projects which would serve as engine of progress and symbol of good relations.

Source - APP.com

(www.steelguru.com)

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