ISLAMABAD: Pakistan and Russia signed an agreement on Friday to restore and modernise Pakistan Steel Mills, reinforcing their long-standing industrial partnership.
Secretary of the Ministry of Industries and Production Saif Anjum and General Director of Industrial Engineering LLC Vadim Velichko signed the agreement at the Pakistan Embassy in Moscow. Special Assistant to the Prime Minister Haroon Akhtar Khan and Pakistan’s Ambassador to Russia Muhammad Khalid Jamali witnessed the signing, according to a press release.
“Reviving PSM with Russia’s support reflects our shared history and commitment to a stronger industrial future,” said SAPM Haroon during the ceremony. The project aims to restart and expand steel production, opening a new chapter in bilateral cooperation.
A day earlier, Russian Deputy Prime Minister Alexei Overchuk described both countries as “natural allies” and strategic partners in the economy and energy sectors. Pakistan recognised Russia as a stabilising force in global affairs.
Deputy Prime Minister and Foreign Minister Senator Ishaq Dar met Russian Foreign Minister Sergey Lavrov on the sidelines of the 32nd ASEAN Regional Forum in Kuala Lumpur. The two reaffirmed their commitment to strengthening bilateral ties and agreed to meet again next week during the SCO Council of Ministers meeting, according to a Foreign Office statement.
