Project aims to restart, expand steel production
Pakistan and Russia on Friday signed an agreement to restore and modernise Pakistan Steel Mills, reaffirming their long-standing industrial partnership.
The agreement was signed at the Pakistan Embassy in Moscow by Secretary Ministry of Industries and Production Saif Anjum and General Director of Industrial Engineering LLC from the Russian side Vadim Velichko, in the presence of Special Assistant to Prime Minister Haroon Akhtar Khan and Pakistan’s Ambassador to the Russian Federation Muhammad Khalid Jamali, stated a press release.
“Reviving PSM with Russia’s support reflects our shared history and commitment to a stronger industrial future,” said SAPM Haroon during the signing ceremony. The project aims to restart and expand steel production, marking a new chapter in bilateral cooperation. A day earlier, Russian Deputy Prime Minister Alexel Overchuk called both countries “natural allies” and strategic partners in the areas of economy and energy, while Pakistan said it viewed Russia as a stabilising factor in the international arena. Deputy PM/Foreign Minister Senator Ishaq Dar met his Russian counterpart Sergey Lavrov on the sidelines of the 32nd Asean Regional Forum in Kuala Lumpur. “They reaffirmed their commitment to further strengthening the bilateral relations and agreed to meet again next week during the SCO Council of Ministers meeting,” said the Foreign Office in a statement.
