Pakistan and Russia have officially signed an agreement for the revival of Pakistan Steel Mills, signaling a significant move to bolster industrial cooperation between the two nations.
An official statement confirmed that a Pakistani delegation, headed by Prime Minister’s Special Assistant Haroon Akhtar, finalized the deal during a visit to Moscow. Officials from both sides formally signed the protocol for the mills’ revival.
The agreement was signed by Pakistan’s Secretary for Industries and Production and their Russian counterparts. Under the terms of the accord, Pakistan Steel Mills will undergo modernization with Russian assistance.
Haroon Akhtar remarked that Russia’s partnership in the steel mills’ revival would usher in a new era for Pakistan’s industrial development. He added that this initiative reflects the Prime Minister’s vision for a robust industrial base within the country.
He further noted that the restoration of the steel mills will not only enhance industrial output but also create employment opportunities, describing the agreement as a milestone for Pakistan’s industrial future.
