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Pakistan Steel Mills Revival Project

Sector: Manufacturing (Industrial) • Location: Karachi, Pakistan

Source: Baaghi TV

Project
Planned

A $2.6 billion agreement between Pakistan and Russia to resurrect the long-dormant Pakistan Steel Mills (PSM) on the same 700-acre site in Karachi. The project involves the use of Russian technology and investment to revive the steel production facility, aiming to reduce Pakistan's steel import bill by 30% and save up to $2.6 billion in foreign exchange.

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Project Information

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The project “Pakistan Steel Mills Revival Project” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in Karachi, Pakistan. Taiyo aggregates data on it from Baaghi TV.

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Participants

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Status

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planned

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Description

Description

A $2.6 billion agreement between Pakistan and Russia to resurrect the long-dormant Pakistan Steel Mills (PSM) on the same 700-acre site in Karachi. The project involves the use of Russian technology and investment to revive the steel production facility, aiming to reduce Pakistan's steel import bill by 30% and save up to $2.6 billion in foreign exchange.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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