"Russian companies are interested to invest in oil, gas, dams, energy, railways and steel in Pakistan." — File Photo

ISLAMABAD: Pakistan and Russia announced on Wednesday to resume economic relations after 25 years.

This was stated by Russian consulate general Andrei Demidov during a joint press conference with minister of state for investment Salim Mandvi Wala.

The Russian ambassador said that Russian companies were interested to invest in oil, gas, dams’ construction, energy, railways and steel in Pakistan. The companies would soon visit Pakistan.

Salim Mandvi Wala said that Russian companies were also interested for production enhancement of Steel Mills and an agreement would be inked very soon.

He also said that a Russian Company Rusal is interested in exploring aluminum reserves in Pakistan.

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Budget presser
Updated 14 Jun, 2026

Budget presser

If the FBR falters, the government will find itself in hot water sooner rather than later.
Muharram precautions
14 Jun, 2026

Muharram precautions

WITH Muharram due to start next week, the authorities have already begun annual exercises to ensure that the ...
Blood bequests
14 Jun, 2026

Blood bequests

WORLD Blood Donor Day offers a moment of “gratitude, advocacy and renewed commitment” for thalassaemia patients...
Sustainable path?
Updated 13 Jun, 2026

Sustainable path?

The FY27 budget is the first clear signal that the government is ready to transition from stabilisation to growth.
Prioritising education
13 Jun, 2026

Prioritising education

THOUGH the improvement in the country’s literacy rate may be slight, as highlighted by the Economic Survey, it ...
Poverty’s rise
13 Jun, 2026

Poverty’s rise

AS attention turns to the government’s plans for the coming fiscal year, one set of figures deserves particular...