ISLAMABAD - Pakistan and Russia on Friday signed Memorandum of Understanding (MoU) for the exchange of information regarding investment opportunities in two countries. Minister of State/Chairman Board of Investment Saleem H. Mandviwalla and Oleg Gorbullin, CEO, National Investment Agency Russia, signed the MoU. A 3-member delegation from Russian Investment Agency visited BOI. Chairman and Secretary BOI Anisul Hussnain briefed the delegates about investment opportunities in Pakistan. Saleem Mandviwalla said that in order to achieve the national GDP objective of the government and to move the country on the dynamic path of social and economic development, Pakistan would need all support from Russian investment. Director General, Board of Investment, Muhammad Muslim gave a detailed presentation on investment policy, incentive package and tremendous potential available in the field of oil & gas, agriculture and energy sector and highlighted the policy parameters allows 100 percent foreign equity in the major sectors and full repatriation of profits and dividends in all the sectors. He underlined the import of raw material for export manufacturing zero-rated. He talked about the Bilateral Agreements of Investment Protection with 47 Countries and Avoidance of Double Taxation is with 52 Countries. He informed about statistics of investments like (-10.8 percent) growth in construction sector (2008-09), 3.6 percent growth in Service Sector (2008-09), (-3.3) percent growth in Manufacturing Sector (2008-09), (-7.7) percent growth in Large Scale Manufacturing Sector (2008-09), 7.5 percent growth in Small Scale Manufacturing Sector (2008-09), 1.3 percent growth in Mining & Quarrying Sector (2008-09).