Investors from China-Russia Expressed Interest in Reviving Steel
Three Chinese companies, including the Metallurgical Corporation of China (MCC), have expressed interest in restarting Pakistan Steel Mills, the largest steel manufacturing facility in the country (PSM).
Prime Minister Imran Khan and MCC Chairman Guo Wenqing met to discuss opportunities for collaboration and joint ventures in the energy, manufacturing, and other sectors.
MCC is interested in implementing a model business to increase economic cooperation and social welfare between China and Pakistan. MCC was among the first Chinese corporations to invest in Pakistan.
MCC oversaw the construction of the Saindak Copper-Gold Mine in 1990 based on a contract for engineering, procurement, and construction. For the past eighteen years, this has generated income for the people. Russian investors are likewise interested in the PSM’s operation.
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