Top Russian investment bank makes a big offer to Pakistan

Top Russian investment bank makes a big offer to Pakistan

ISLAMABAD - Top Russian investment bank makes a big offer to Pakistan in the financial sector to enhance economic and business ties with Pakistan.

Igor Vladimirovich Kim, Chairman of ExpoBank, a leading Russian investment bank, expressed keen interest to invest in Pakistan’s Financial Sector.

Igor Kim expressed his interest during a meeting with the Federal Minister for 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 economic situation of Pakistan and the investment opportunities based on Pakistan’s young population and geography.

He explained the government’s active efforts in reducing the current account deficit and highlighted the current exchange rate and additional economic opportunities for investment in the country at this stage.

He informed that Pakistan is embarking on the course of boosting its exports by offering special concessions to exporters and efforts are underway to substitute imports. He further highlighted that huge potential is available for investment in; oil & gas pipelines project and transportation, gasification of Thar coal, labor intensive export-led industry, textile, tourism, energy and mining as well as the logistic sector, particularly Pakistan’s Railways.

“Pakistan’s banking sector historically proved profitable and micro-financing sector holds tremendous potential” he added. Chairman BoI further assured to extend full support to create a conducive environment for investment.

On the occasion Muhammad Mian Soomro briefed the visiting guest about Pakistan’s potentials in different sectors. He said that with the help of new technologies and artificial intelligence, along with investment in skill development, Pakistan could produce low cost products.