Pakistan and Russia have reached a significant agreement to establish a new steel mill in Karachi, marking a crucial step in strengthening economic collaboration between the two nations.
During a meeting between Russian representative Denis Nazaroof and Special Assistant to the Prime Minister (SAPM) Haroon Akhtar Khan, both sides engaged in extensive discussions about the development of Pakistan’s steel industry. A joint working group has been formed to oversee the project's implementation and ensure smooth progress.
Khan emphasized the Prime Minister’s commitment to attracting foreign investments, highlighting Pakistan’s growing reputation as a stable and promising business hub. He also encouraged Russian investors to explore further opportunities in the country, expressing optimism about the partnership’s potential to enhance industrial growth and economic prosperity.
This initiative reflects both nations' efforts to foster economic cooperation and unlock new possibilities in the steel sector. The agreement is expected to drive significant advancements in infrastructure and trade between Pakistan and Russia.