Pakistan, Russia to rebuild steel plant Soviets operated until 1992

Modern mill promises multiple economic benefits including reduced imports

20250523 Pakistan steel

Steel production from recycled scrap at a foundry in Peshawar, Pakistan. © Reuters

ADNAN AAMIR

ISLAMABAD -- Russia has agreed to help Pakistan build a modern steel plant on the site of a defunct mill that the Soviet Union operated for some two decades until the early 1990s.

The new plant is expected to reduce Pakistan's steel imports by a third and help the country with its problematic management of foreign exchange reserves.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.