ISLAMABAD – Top Russian investment bank makes a big offer to Pakistan inthe financial sector to enhance economic and business ties with Pakistan.
Igor Vladimirovich Kim, Chairman of ExpoBank, a leading Russian investmentbank, expressed keen interest to invest in Pakistan’s Financial Sector.
Igor Kim expressed his interest during a meeting with the Federal Ministerfor Privatization Muhammad Mian Soomro and Chairman Board of Investment(BoI) Zubair Gilani at BoI Headquarters in Islamabad on Wednesday.
Chairman BoI Zubair Gilani briefed Mr. Kim about the current economicsituation of Pakistan and the investment opportunities based on Pakistan’syoung population and geography.
He explained the government’s active efforts in reducing the currentaccount deficit and highlighted the current exchange rate and additionaleconomic opportunities for investment in the country at this stage.
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He informed that Pakistan is embarking on the course of boosting itsexports by offering special concessions to exporters and efforts areunderway to substitute imports. He further highlighted that huge potentialis available for investment in; oil & gas pipelines project andtransportation, gasification of Thar coal, labor intensive export-ledindustry, textile, tourism, energy and mining as well as the logisticsector, particularly Pakistan’s Railways.
“Pakistan’s banking sector historically proved profitable andmicro-financing sector holds tremendous potential” he added. Chairman BoIfurther assured to extend full support to create a conducive environmentfor investment.
On the occasion Muhammad Mian Soomro briefed the visiting guest aboutPakistan’s potentials in different sectors. He said that with the help ofnew technologies and artificial intelligence, along with investment inskill development, Pakistan could produce low cost products.
