#news_update Pakistan and Russia Discuss Plans to Set Up Joint Steel Mills in Karachi

$USDC Pakistan and Russia are currently in talks about launching a joint venture to establish steel mills in Karachi. This development is part of ongoing efforts to strengthen economic and industrial cooperation between the two countries.

According to sources close to the matter, discussions have been productive, with both sides showing interest in collaborating on the project. The proposed steel mills are expected to utilize modern technology and contribute significantly to Pakistan’s steel production capacity. This would not only help meet local demand but also reduce reliance on imported steel.

$USDP Officials have indicated that this project could attract further investment and create job opportunities, especially in the industrial and manufacturing sectors in Karachi. It is also seen as a strategic step in enhancing bilateral trade and economic ties between Islamabad and Moscow.

$RONIN While the talks are still in progress, both governments appear optimistic about finalizing an agreement soon. If successful, the joint steel venture could mark a new chapter in Pakistan-Russia industrial relations.