Karachi: A new plant is under construction on 700 acres of Pakistan Steel Mills land, utilizing advanced Russian technology. The development promises a significant reduction in transportation costs for crude oil.
Sources indicate that the Pakistan-Russia agreement is projected to cut Pakistan’s steel imports by 30 percent, yielding savings of $2.6 billion.
Despite India’s continuous efforts to undermine the Pakistan-Russia partnership through propaganda, the collaboration continues to progress.
The investment from Russia and China highlights their confidence in Pakistan, which is seen as a reflection of the country’s effective diplomatic strategies.