A Russian delegation agreed to submit proposals for the modernization of Pakistan Steel Mills (PSM). They also showed interest in working with the Sindh government on Public-Private Partnership (PPP) mode in various sectors including hydro-treatment facilities, waste processing, and waste-to-energy.
The Provincial Minister, Nasir Hussain Shah, said the Russian government had constructed the huge project in Karachi. “Now, the mill not only needs to be overhauled but also has to be modernized to meet current steel production requirements,” he added. The visiting delegation decided to send a team to visit the mill to assess the requirements for its modernization.
The Russian team also showed interest to invest in waste-to-energy projects. Nasir Hussain Shah told that vast opportunities in the province exist in fields of waste to energy; water treatment plants and desalination plants. He suggested that Russian investors should take advantage of investment opportunities in Hyderabad and Sukkur.