Pakistan and Russia have agreed to enhance cooperation in the hydroelectricity sector. The agreement was reached at talks held in Islamabad by the Inter-Governmental Commission (IGC). The IGC’s eighth three-day meeting reviewed the areas of cooperation and considered strategies for identifying potential new avenues for strengthening bilateral ties.
Russia and Pakistan on Thursday discussed ways for supplying oil and gas to Islamabad on a “long-term” basis. The talks were held during a series of meetings between Russian and Pakistani energy ministers and other government officials over the past two days in Pakistan’s capital Islamabad, said a statement from the Prime Minister’s Office.
According to other sources, Russia has agreed to help Pakistan find alternative sources of energy and will cooperate with Islamabad to explore gas in the country. Both Pakistan and Russia have agreed for dealing with local currency, and an agreement will be signed by Russian and Pakistani customs to halt the smuggling of commodities.
A Russian delegation led by Energy Minister Nikolay Shulginov is currently visiting Islamabad to discuss ways for improving bilateral economic and trade relations, with the focus mainly on the provision of oil and gas to the South Asian nuclear nation at discounted rates.
It follows a visit by a Pakistani delegation led by Minister of State for Petroleum Musadik Malik to Moscow in December to initiate talks for the procurement of oil and gas at discounted prices....
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