ISLAMABAD: Russian companies have shown strong interest in supporting the revival of Pakistan Steel Mills, as the federal government finalises a comprehensive roadmap to restore the loss-making industrial unit, according to Special Assistant to the Prime Minister Haroon Akhtar Khan.
The development came during a high-level meeting between Haroon Akhtar Khan and Pakistan’s ambassador to Russia, where discussions focused on strengthening bilateral economic cooperation, particularly in the industrial and manufacturing sectors. The revival of Pakistan Steel Mills was identified as a key area of collaboration.
Haroon Akhtar Khan said the government was working to implement Shehbaz Sharif’s vision of restoring Pakistan Steel Mills as a productive national asset. He added that five companies have already expressed interest in investing in and participating in the revival process.
Roadmap finalised for revival
According to the Special Assistant, a comprehensive roadmap for the revival of Pakistan Steel Mills has been finalised, outlining the strategic, financial, and operational framework for the project. He said engagements with potential investors, including Russian firms, were progressing steadily.
Officials said the roadmap aims to modernise the steel mill’s infrastructure, improve operational efficiency, and ensure long-term sustainability. The revival plan is part of the government’s broader industrial reform agenda.
Growing Pakistan–Russia economic cooperation
Haroon Akhtar Khan said Pakistan and Russia were moving towards closer economic cooperation, with a particular focus on industrial partnerships. He confirmed that Russian firms were keen to contribute technical expertise and investment to the Pakistan Steel Mills project.
The government, he said, remains committed to transparency and long-term economic benefits as it moves forward with the revival of the steel mill, which has remained non-operational for years.
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