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Investors from China and Russia have expressed interest in reviving Pakistan’s steel factories

On Tuesday, three Chinese businesses, including the Metallurgical Corporation of China (MCC), expressed interest in restarting Pakistan Steel Mills, the country’s largest steel manufacturing facility (PSM).

MCC Chairman Guo Wenqing met with Prime Minister Imran Khan to discuss collaboration and joint venture opportunities in the energy, manufacturing, and other areas.

The Metallurgical Corporation of China (MCC) is interested in implementing a model business to increase economic cooperation and social welfare between China and Pakistan. MCC was one of the first Chinese companies to make an investment in Pakistan.

Based on an engineering, procurement, and construction contract, MCC handled the building of the Saindak Copper-Gold Mine in 1990. This has made money for the people for the past 18 years. Russian investors are also interested in operating the PSM.

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