7th Pak-Russia IGC meeting on bilateral cooperation begins in Yekaterinburg

Within the IGC’s framework, a number of Joint Working Groups will discuss the ways to enhance cooperation in the areas of mutual interest. The Pakistani delegation also includes representatives of Ministries of Energy, Commerce, Railways, Education, Food Security, Federal Board of Revenue and Economic Affairs.

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Yekaterinburg: The 7th Session of Pak-Russia Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation would be held on November 24-26 in Yekaterinburg, Russia.

A high-level delegation led by Federal Minister for Economic Affairs, Omar Ayub Khan will be participating in the session, said a press release issued here on Tuesday.

The Russian side will be headed by the Minister of Energy of the Russian Federation Nikolay Shulginov.

Within the IGC’s framework, a number of Joint Working Groups will discuss the ways to enhance cooperation in the areas of mutual interest. Following the IGC, a Joint Statement will be issued.

The Pakistani delegation also includes representatives of Ministries of Energy, Commerce, Railways, Education, Food Security, Federal Board of Revenue and Economic Affairs.

Official from Water Resources, Civil Aviation, State Bank of Pakistan, SNGPL and Marri Petorolum will also join the IGC via video link.

Earlier, Federal Minister for Economic Affairs Omar Ayub Khan chaired a high-level meeting to discuss agenda of the upcoming meeting of Pakistan-Russia Inter-Government Commission on Trade, Economic, and Scientific & Technical Cooperation. The 7th meeting of Pak-Russia IGC will be held in Yekaterinburg, Russia on 24 – 26 November, 2021. Omar Ayub Khan, Federal Minister for Economic Affairs, and Nikolay Shulginov, Minister for Energy of the Russian Federation, are the co-chairs of Inter-Government Commission.

The meeting was attended by the representatives of Ministry of Foreign Affairs, Ministry of Commerce, and Ministry of Energy, Ministry of Information Technology & Telecommunication, Ministry of National Food Security & Research and other relevant departments.

The chair reviewed progress on the decisions of the 6th IGC meeting which was held in Islamabad in December 2019. The Minister for Economic Affairs emphasized on enhancing bilateral relations with Russian Federation as both countries have huge 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 & technology, transport and information & communication technology. The minister expressed that the role of private sector is significant for enhancing bilateral relations, especially trade and investment.

The minister hoped that Pakistan and Russia would have very constructive and positive dialogue for enhancing bilateral relationships during the upcoming IGC meeting. The minister directed to identify the priorities and prepare comprehensive proposals including scope, action plan, output and outcomes along with timelines. The minister expressed that regional integration is fundamental for enhancing socioeconomic relations in the region. Regional connectivity can lead to substantial economic gains with Central Asia, Russia & China, he added.

 

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