KARACHI, APR 26 (DNA) – Many Russian companies are interested in joint ventures with Pakistani private sector in potential economic sectors like textile, agriculture, power, oil, gas, light engineering, aviation, pharmaceutical and chemical besides increasing collaboration between academia of the two countries.

Russians wanted to come in, with modern technologies and expertise. Pakistan and Russia have a long history of cooperation in economic and social sectors.

The dynamics of the world are changing. Russia and China have emerged as strong strategic partners, and Pakistan has gained high importance in this scenario, said Chairperson, Sindh Board of Investment (SBI), Naheed Memon on Wednesday evening. SBI Chairperson was talking at the conclusion of two-day meetings with a 40-member business delegation from Russia representing different industries and academia. The SBI hosted this Sindh-Saint Petersburg Forum 2018.

On the second day, memorandum of understanding (MoU) was signed between Pediatrics Medical University of Saint Petersburg and Dr Ziauddin Medical University in the presence of Vice Governor of Saint Petersburg , Movchan Sergei Nikolaevich and Consul General of Russia to Karachi Dr Aleksandr Khozin. Another MoU was inked by NED University and an engineering university of Saint Petersburg for exchange of information. Light Industrial Park in Saint Petersburg and Landhi Industrial Park had already singed similar agreement, she said.