ISLAMABAD: Pakistan and Russia took a significant step toward industrial cooperation on Tuesday as Russian representative Denis Nazaroof met with Haroon Akhtar Khan, Special Assistant to the Prime Minister, to discuss plans for setting up new steel mills in Pakistan.
During their detailed discussions, both sides agreed to form a joint working group to advance the project, which would see the establishment of a steel mill in Karachi.
Khan highlighted Prime Minister Shehbaz Sharif’s focus on attracting foreign investment, noting that Pakistan currently offers a secure and promising environment for international investors.
“This is an ideal time for foreign investors, as Pakistan is being increasingly recognised as a stable and attractive destination for global business,” he said.
Khan expressed optimism about deepening economic ties between Pakistan and Russia, emphasizing the mutual benefits such collaboration could yield. He also invited Russian business delegations to visit Pakistan and explore various investment opportunities.
The meeting marks a key milestone in strengthening bilateral relations and paves the way for joint ventures in vital sectors like steel production.
