Russia offers to invest $2 billion in Pakistan

Inter RAO Engineering, a Russian state-run, has offered to invest $2 billion in Pakistan’s water and power sector projects, including Mohmand dam.

Inter RAO Engineering, which is already building a dam in Afghanistan on the Kabul River,  wants a deal on government to government basis between Russia and Pakistan. 

The offer comes in the backdrop of already signed  governmental agreement between Pakistan and Russia to build the north-south LNG pipeline. The two countries also signed a memorandum of understanding (MoU) for an offshore gas pipeline project. 

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