Karachi: Pakistan and Russia have signed a Protocol to restore and modernize Pakistan Steel Mills (PSM) in Karachi, reaffirming their long-standing industrial partnership.

According to Radio Pakistan, the agreement was signed at the Pakistan Embassy in Moscow by Secretary of Industries and Production Saif Anjum and Russian General Director of Industrial Engineering LLC Vadim Velichko.

The project aims to restart and expand steel production, marking a new chapter in bilateral cooperation.