Russian team to give PSM upgrade proposals

KARACHI: A Russian delegation on Tuesday agreed to submit proposals for the modernisation of Pakistan Steel Mills (PSM).

The government of St Petersburg’s delegation, led by its adviser Andrey Zubal, called on Sindh Chief Minis­ter Murad Ali Shah and discussed various projects.

The delegation members included Rus Welding, Consul General of Russia in Karachi Dr Aleksandr G. Khozin, Ahmed Rana of Concord Ventures (PVT) Ltd, Attaché, Russian Consulate Pavel Yamanov.

The Russian delegation 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.

Referring to PSM, CM 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 modernised 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 modernisation.