Moscow, Jan 22: Pakistan expects to sign an agreement with Russia on the restoration and modernization of the Karachi steel plant during Prime Minister Muhammad Shehbaz Sharif’s visit to Moscow, scheduled for March, Pakistani Ambassador to Russia Faisal Niaz Tirmizi told Sputnik.
The Pakistani steel plant in Karachi was built with Soviet assistance in 1973. Last July, Pakistan and Russia signed a protocol on the restoration and modernization of the Soviet-era steel plant in Karachi, the Pakistani Embassy in Russia told Sputnik.
“Our agencies are in contact, and the Pakistani government has already submitted technical and commercial proposals to the Russian side. And I hope that the agreement on the [re]construction of the plant will be signed during the prime minister’s visit to Moscow,” the ambassador said.
Tirmizi said he had useful talks on the topic both in Islamabad and in Russia.
He said the reconstruction of the plant could take 2-3 years.
Tirmizi said the Pakistani prime minister’s visit to Russia is scheduled for the first half of March. (UNI)
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