Pakistan and Russia have agreed to establish a new steel mill in Karachi, aiming to strengthen bilateral relations between the two countries.
The agreement was made during a meeting between Russian Representative Denis Nazaroof and Special Assistant to the Prime Minister (SAPM) Haroon Akhtar Khan.
The primary focus of the discussion was on the establishment of new steel mills in Pakistan. Both parties engaged in extensive talks about potential collaboration on setting up the steel mill in Karachi. To facilitate the development and implementation of this initiative, they decided to form a joint working group.
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Khan emphasized the Prime Minister’s vision to boost investments in Pakistan. He pointed out that now is a great time for foreign investors to explore opportunities in the country, stressing that Pakistan has become a secure and strong destination for international investment and business.
The SAPM also highlighted the significant potential for collaboration between Pakistan and Russia in the steel industry, which could bring mutual benefits for both nations. He invited Russian businesspeople to consider investment opportunities in Pakistan.
This meeting marks an important step in strengthening ties between Pakistan and Russia and opens new avenues for joint ventures in crucial sectors like steel production.
