Islamabad, February 9, 2026 – Special Assistant to the Prime Minister (SAPM) on Industries and Production, Haroon Akhtar Khan, on Monday confirmed that Russian companies are keen to invest in the revival of Pakistan Steel Mills (PSM).
Haroon held a high-level meeting with the Ambassador of Pakistan to Russia, where they discussed key matters of mutual economic interest and the roadmap for reviving and modernizing PSM.
According to a news release, the discussions focused on strengthening Pakistan–Russia cooperation, particularly in the industrial and manufacturing sectors, with the revival of PSM being a central agenda.
“The Prime Minister’s vision for the revival of Pakistan Steel Mills is now moving towards becoming a reality,” said Haroon Akhtar Khan.
He revealed that five Russian companies have already shown strong interest in investing in PSM, highlighting the growing momentum for bilateral economic engagement.
Haroon further stated that a comprehensive roadmap for PSM’s revival has been finalized, detailing the strategic, financial, and operational framework for the project.
“The revival process is progressing at a fast pace, with continuous engagements and meetings underway with our Russian counterparts,” he added.
The SAPM emphasized that the government is committed to transparency, sustainability, and long-term economic benefits through the revival of PSM, aligning with Prime Minister Shehbaz Sharif’s broader industrial and economic reform agenda.
The renewed focus on Pakistan Steel Mills marks a significant step in strengthening Pakistan-Russia industrial cooperation and creating long-term economic opportunities in the country’s manufacturing sector.