Prime Minister Raja Pervez Ashraf on Thursday invited Russian businessmen to invest in Pakistan as the country is an ideal place  for foreign investors and Russian investors must be encouraged.


The Prime Minister was talking to a delegation of the Council of Federation of the Federal Assembly of the Russian Federation led by Ms. Valentina Matvienko, Chairperson of the Council at Prime Minister House this morning. Mr Andrey Bundnik, Russian ambassador in Pakistan also accompanied the Chairperson.


The Prime Minister thanked the Russian Federation for signing a memorandum of understanding for expansion and modernization of Pakistan Steel Mills and expressed the hope that the work will be completed on time.


“Russia is a source of peace and stability at both regional and global level and its growing power is a positive development for a multi-polar world of today”.


The Prime Minister said that there has been a visible expansion in the bilateral relations as well as economic cooperation between the two countries and Pakistan greatly values Russia’s interest to invest in the energy sector of Pakistan. He added that that there is a vast potential for increasing the bilateral trade further.


“There is a national consensus in Pakistan on building strong relationship with the Russian Federation and we attach great importance to our relations with Russia. Both the countries have initiated a process of building a broad-based long term partnership. We greatly value the support and assistance of Russian Federation in the war against terrorism,” said the Prime Minister.


Ms. Valentina Matvienko thanked the Prime Minister for meeting the delegation and said that Pakistan is an important partner of Russia and plays an important role in international relations. She added that the exchange of visits of the parliamentary delegations of both the countries will help in further strengthening the bilateral relations. She said that some 2000 Pakistani students have graduated from Russian universities and Russia would welcome more students from Pakistan.


The Prime Minister said that parliaments of both the countries could certainly play an important role in enhancing the relationship further between the two countries.


The chairperson of the Council conveyed the best wishes of Russian President Putin to the Prime Minister.