Pakistan has moved a step closer to reviving its dormant steel industry, with a third protocol signed between Pakistan Steel Mills and a major Russian private group for the plant’s restoration and expansion.
Officials in the Ministry of Industries and Production say the agreement outlines phased rehabilitation of the mills, alongside a gradual increase in production capacity. Under long-term plans, output is expected to reach up to three million tons annually, a development seen as a potential boost for the country’s industrial sector.
The Russian partner will extend both technical expertise and financial support for the project. As part of the initial phase, a comprehensive technical audit of the facility has been launched and is expected to be completed within six months.
A team of experts will examine plant operations, machinery, and utility systems, while also assessing logistics and raw material supply chains. Authorities say the findings of this audit will guide the next stages of the revival plan.
