ISLAMABAD (Lord Media): The government has accelerated efforts to revive Pakistan Steel Mills. According to sources from the Ministry of Industries and Production, investors from China, Russia, and Turkiye have shown interest in the project, while Saudi Arabia has also requested information regarding potential investment.
Sources indicate that proposals are being prepared to increase the production capacity of Pakistan Steel Mills from the current level to approximately 3 million tons annually. The plan under consideration involves upgrading the plant and machinery with modern technology to bring the facility up to international standards.
Sources from the Ministry of Industries and Production stated that a consortium of Chinese and Russian companies has visited the mills, where experts assessed the plant, machinery, and production capacity.
According to sources, there is also the possibility of joint investment with China, Russia, and other countries. The government’s aim is to reactivate the national steel industry through this project, increase industrial production, and create new employment opportunities.
