In a significant move to bolster bilateral relations, Pakistan and Russia have agreed to collaborate on establishing a new steel mill in Karachi. The agreement was reached during a meeting on Tuesday between Russian Representative Denis Nazaroof and Special Assistant to the Prime Minister (SAPM) Haroon Akhtar Khan.

According to an official news release, the primary agenda of the meeting centered on developing new steel mills in Pakistan. Both sides engaged in comprehensive discussions, exploring avenues for cooperation in the steel sector and agreeing to form a joint working group to oversee the project’s development and implementation.

SAPM Haroon Akhtar Khan highlighted the Prime Minister’s commitment to attracting foreign investment, describing the current climate as highly favorable for international investors. He emphasized Pakistan’s emergence as a robust and secure destination for global business, noting that the country’s investment potential is increasingly recognized by the international community.

Khan also underscored the promising prospects for collaboration between Pakistan and Russia in the steel industry, expressing confidence that such a partnership would yield mutual benefits. He extended an open invitation to Russian business leaders to explore further investment opportunities in Pakistan.