Russia plans to invest $500mn in Pak Steel

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KARACHI: Consul General of Russia Andey V. Demidov on Monday said Russia planned to allocate an amount of $500 million for up-gradation of Pakistan Steel Mills.

“Special agreements are also under way on construction of a South Asian Electricity Trade and Development Project named CASA-1000,” he said while speaking to a press conference at Karachi Press Club.

Referring to Pakistan Foreign Minister Hina Rabbani Khar successful visit to Moscow this month and President Asif Ali Zardari’s visit in May 2011, he said we hope that agreements reached during these visits would be materialized for the benefit of both countries.(PPI)
 
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