ISLAMABAD – Pakistan and Russia have finalized an agreement to set up a new steel mill in Karachi, aiming to strengthen bilateral relations and boost industrial collaboration.
The deal was reached during a meeting between Russian Representative Denis Nazaroof and Special Assistant to the Prime Minister (SAPM) Haroon Akhtar Khan. Both sides engaged in detailed discussions on the project and agreed to form a joint working group to oversee its development and implementation.
Haroon Akhtar Khan emphasized Prime Minister Shehbaz Sharif’s vision of attracting foreign investment, highlighting Pakistan’s secure and thriving business environment. He invited Russian businesses to explore investment opportunities, particularly in the steel sector, which holds immense potential for both nations.
This initiative reflects Pakistan’s commitment to industrial expansion, foreign investment, and economic growth, reinforcing its position as a key player in the global steel industry.
