By BR Web Desk Saif Anjum
In a key development on the industrial front, Pakistan and Russia have signed a protocol to restore and modernise Pakistan Steel Mills (PSM) in Karachi, reaffirming their long-standing industrial partnership.
The agreement was signed at the Pakistan Embassy in Moscow by Saif Anjum, Secretary of Industries and Production of Pakistan, and Vadim Velichko, General Director of Industrial Engineering LLC from the Russian side, in the presence of SAPM Haroon Akhtar Khan and Pakistan鈥檚 Ambassador to the Russian Federation Muhammad Khalid Jamali.
The project aims to restart and expand steel production, marking a new chapter in bilateral cooperation.
鈥淩eviving PSM with Russia鈥檚 support reflects our shared history and commitment to a stronger industrial future,鈥 said SAPM Khan.
Last month, Khan in a chat with Business Recorder, said that 鈥渢echnical experts are analysing the state of the present machinery of PSM and if 50% machinery is useable, the government is surely going to restore the PSM with Russian cooper