US Edition
Pakistan, Russia Sign Protocol to Revive PSM
MOSCOW, RUSSIA, JUL 10 – Russia and Pakistan agreed to expand cooperation in defense, trade, and energy, including reviving a steel plant and aiming to increase bilateral trade beyond $1 billion, officials said.
- On July 10, 2025, at the Pakistan Embassy in Moscow, the two countries finalized a pact to restore and upgrade the Pakistan Steel Mills located in Karachi.
- The agreement comes after ongoing diplomatic efforts in 2024, which included high-level discussions between Pakistani officials and senior Russian government representatives, as well as previously halted talks with a Chinese company.
- The Pakistan Steel Mills, originally built with Soviet assistance in 1971, had suffered heavy losses, peaking at PKR 200 billion by 2018, before this revival effort emerged.
- Russian DPM Overchuk described Pakistan and Russia as “natural allies,” while SAPM Haroon Akhtar called reviving PSM with Russia's support a “leap forward” symbolizing future partnership.
- The agreement marks a significant advancement in the partnership between Pakistan and Russia, with important effects on economic development, regional integration, and Pakistan’s commitment to enhancing its relationship with Russia.
30 Articles
30 Articles
Russia calls Pakistan key regional partner
ISLAMABAD Russian Deputy Prime Minister Alexei Overchuk has stated that Pakistan and Russia are "natural allies" and that President Putin considers Pakistan as an important partner in the growth and development of economy and energy in the region. Overchuk expressed these views on Thursday in a meeting with a high-powered Pakistani delegation led by Special Assistant to the Prime Minister (SAPM) on Foreign Affairs Syed Tariq Fatemi in Moscow. SA…
Pakistan-Russia freight train expected to be launched in August
Russian Deputy Prime Minister Alexei Overchuk meets Pakistan's Special Assistant to the Prime Minister on Foreign Affairs, Tariq Fatemi , and SAPM on Industries and Production, Haroon Akhtar Khan , in Moscow, Russia, on July 9, 2025. — X/@ForeignOfficePkA high-level Pakistani delegation,...
Russia calls Pakistan ‘natural ally’ in energy and economy, eyes
ISLAMABAD: A top Russian official on Thursday described Pakistan as an “important partner” in the region’s economic and energy development and called the two countries “natural allies” during a meeting in Moscow, according to an official statement issued by the foreign office in Islamabad. The remarks were made by Russian Deputy Prime Minister Alexei Overchuk during an
Reviving Pakistan Steel Mills Industry: Pak Signs Deal with Russia
ISLAMABAD: China seems to be out of contention for the Pakistan Steel Mills (PSM) revival contract, as Pakistan and Russia signed a protocol on Friday. The agreement aims to restart and expand steel production in the country, marking a significant step forward in Pakistan-Russia industrial cooperation. The protocol was signed at the Pakistan Embassy in […] The post Reviving Pakistan Steel Mills Industry: Pak Signs Deal with Russia appeared first…
Coverage Details
Bias Distribution
- 40% of the sources lean Left, 40% of the sources lean Right
To view factuality data please Upgrade to Premium
