Five foreign investors interested in Pakistan Steel Mills revival

A major breakthrough has been made in efforts to revive Pakistan Steel Mills, which has remained closed for almost 11 years, as five foreign investors have formally expressed interest in its reactivation.

Significant progress was reported following a high-level meeting led by Haroon Akhtar Khan, the special assistant to the prime minister. He met with the Pakistani ambassador to Russia, where the revival of Pakistan Steel Mills was discussed in detail.

Officials termed the development an important milestone toward restoring the country’s largest industrial asset.

Haroon Akhtar confirmed that five major Russian companies have shown keen interest in investing in and reviving Pakistan Steel Mills. He said discussions with Russian authorities and potential investors are progressing rapidly.

According to him, engagement with foreign stakeholders is part of a broader strategy to ensure long-term sustainability of the steel mill.

The special assistant said Prime Minister Shehbaz Sharif has a clear vision to reactivate Pakistan Steel Mills, adding that this vision is now moving toward practical implementation.

He stressed that the revival of the steel mill is a priority for the government due to its economic and strategic importance.