ISLAMABAD:

Pakistan and Russia on Tuesday moved a step closer to industrial collaboration as Moscow’s representative Denis Nazaroof met Special Assistant to the Prime Minister Haroon Akhtar Khan to discuss the establishment of new steel mills in Pakistan.

The two officials engaged in extensive talks on the prospect of collaboration and agreed to form a joint working group to facilitate the establishment of a steel mill in Karachi.

Khan emphasised the prime minister’s vision to draw more investment and highlighted that “this is an opportune time for foreign investors to invest in the country as Pakistan has emerged as a strong and safe destination for international investment and businesses”.

He underscored the potential for collaboration between Pakistan and Russia, which could prove beneficial for both nations. “Pakistan is a secure and thriving hub for investment and the international community has recognised its potential,” Khan remarked.

He also extended an invitation to Russian businesspeople to come and explore investment opportunities. The meeting marked an important step in further strengthening bilateral ties and opening new avenues for joint ventures in key sectors such as steel production.