Pakistan, July 11 -- Pakistan and Russia have signed a key agreement to restore and modernize Pakistan Steel Mills (PSM) in Karachi. The signing took place at the Pakistan Embassy in Moscow between Saif Anjum, Pakistan's Secretary of Industries and Production, and Vadim Velichko, General Director of Russia's Industrial Engineering LLC. The agreement marks a renewed industrial partnership between the two countries.

The project will revive steel production at PSM, once considered the backbone of Pakistan's industrial capacity. Special Assistant to the Prime Minister Haroon Akhtar Khan said this collaboration reflects the historical bond between Pakistan and Russia. He emphasized that restoring PSM will strengthen Pakistan's industrial futu...