{"id":15696,"date":"2025-02-28T05:06:04","date_gmt":"2025-02-28T05:06:04","guid":{"rendered":"https:\/\/gsrra.com\/?p=15696"},"modified":"2025-02-28T05:06:05","modified_gmt":"2025-02-28T05:06:05","slug":"pakistan-russia-in-talks-for-new-steel-mills","status":"publish","type":"post","link":"https:\/\/gsrra.com\/?p=15696","title":{"rendered":"Pakistan, Russia in talks for new steel mills"},"content":{"rendered":"\n<p><strong><em>A Russian delegation will arrive in Pakistan on Friday to discuss trade and investment<\/em><\/strong><\/p>\n\n\n\n<p>The government is in talks with Russia to establish a modern steel mills at the site of the defunct Pakistan Steel Mills (PSM), with the minister for industries and production set to visit Moscow next week.<\/p>\n\n\n\n<p>A Russian delegation will arrive in Pakistan on Friday to discuss trade and investment, Minister Rana Tanveer Hussain and Secretary Saif Anjum confirmed to The News on Wednesday.<\/p>\n\n\n\n<p>Built with Soviet assistance in the 1970s, PSM has been a financial burden on the state, lying dormant since June 2015. The government has decided to dismantle the existing facility, allocating 700 acres to the Sindh government for a new state-of-the-art steel mills, while additional land will be used for an industrial park.<\/p>\n\n\n\n<p>Meanwhile, the government is also moving forward with sweeping reforms in the industrial sector.<\/p>\n\n\n\n<p>Earlier, Rana Tanveer Hussain told the National Assembly\u2019s Standing Committee on Industries that the cash-strapped Utility Stores Corporation (USC) could either be privatised or restructured through a public-private partnership. He warned that daily wage workers would be dismissed due to financial strain, though permanent employees would retain their jobs.<\/p>\n\n\n\n<p>His remarks sparked criticism from a Pakistan People\u2019s Party (PPP) lawmaker, who questioned the decision to lay off workers despite PPP\u2019s role in the ruling coalition.<\/p>\n\n\n\n<p>Under a broader rightsizing policy, the government plans to shut down 20 of the 29 institutions currently operating under the Ministry of Industries and Production.<\/p>\n\n\n\n<p>Reference Link:- <a href=\"https:\/\/www.thenews.com.pk\/print\/1286924-pakistan-russia-in-talks-for-new-steel-mills\" target=\"_blank\" rel=\"noopener\">https:\/\/www.thenews.com.pk\/print\/1286924-pakistan-russia-in-talks-for-new-steel-mills<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Russian delegation will arrive in Pakistan on Friday to discuss trade and investment The government is in talks with Russia to establish a modern steel mills at the site of the defunct Pakistan Steel Mills (PSM), with the minister for industries and production set to visit Moscow next week. A Russian delegation will arrive [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[1832,13542,132,105,36,57,13540,13541,13543],"class_list":["post-15696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sample-category","tag-bilateral-relations","tag-cooperation-in-steel-production","tag-economy","tag-geopolitics-2","tag-pakistan","tag-russia","tag-steel-indutry","tag-steel-mills","tag-russia-in-talks-for-new-steel-mills"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/15696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15696"}],"version-history":[{"count":1,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/15696\/revisions"}],"predecessor-version":[{"id":15698,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/15696\/revisions\/15698"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/media\/15697"}],"wp:attachment":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}