{"id":58559,"date":"2019-12-11T12:59:19","date_gmt":"2019-12-11T12:59:19","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=58559"},"modified":"2020-01-28T06:27:17","modified_gmt":"2020-01-28T06:27:17","slug":"russia-provide-usd-1-bn-rehabilitate-pakistan-steel-mills","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/russia-provide-usd-1-bn-rehabilitate-pakistan-steel-mills.html","title":{"rendered":"Russia to provide USD 1 bn to rehabilitate Pakistan Steel Mills"},"content":{"rendered":"<p>Islamabad: The government of Russia has pledged to invest heavily in Pakistan\u2019s industrial sector and has offered USD 1 billion worth of financial assistance to revive Pakistan Steel Mills (PSM), according to news sources.<\/p>\n<p>Pakistani officials have reported that Moscow is also ready to invest heavily in the country in order to promote <a href=\"https:\/\/www.zameen.com\/news\/russian-ambassador-wants-enhanced-trade-with-pakistan.html\" target=\"_blank\" rel=\"noopener noreferrer\">bilateral trade between the two nations<\/a>, and a new trade deal has been signed in this regard.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/pakistan-get-1bcfd-gas-from-russias-gas-pipeline-project.html\" target=\"_blank\" rel=\"noopener noreferrer\">Pakistan to receive 1bcfd of gas from Russian gas pipeline project<\/a><\/p>\n<p>Last year, bilateral trade figures between Russia and Pakistan were recorded at USD 700 million, which included USD 150 million worth of exports and USD 250 million worth of imports.<\/p>\n<p>Pakistan also repaid a USD 93.5 million debt to Russia last week, and both countries signed an agreement to settle mutual financial claims that had been delayed for a long time.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/pakistani-russian-companies-sign-offshore-gas-exploration-accord.html\" target=\"_blank\" rel=\"noopener noreferrer\">Pak, Russia sign offshore gas exploration contract<\/a><\/p>\n<p>Currently, the two sides have also been discussing the North-South gas pipeline project. In addition, it is expected that Russian firms are interested in developing a gas pipeline between Karachi and Lahore, which is meant to transport imported natural gas between the two cities, and fulfill the regional demand for gas supply.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The government of Russia has pledged to invest heavily in Pakistan\u2019s industrial sector and has offered USD 1 billion worth of financial assistance to revive Pakistan Steel Mills (PSM), according to news sources. Pakistani officials have reported that Moscow is also ready to invest heavily in the country in order to promote bilateral trade between the two nations, and a new trade deal has been signed in this regard. Read:\u00a0Pakistan to receive 1bcfd of gas from Russian gas pipeline project Last year, bilateral trade figures between Russia and Pakistan were recorded at USD 700 million, which included USD 150 million worth of exports and USD 250 million worth of imports. Pakistan also repaid a USD 93.5 million debt to Russia last week, and both countries signed an agreement to settle mutual financial claims that had been delayed for a long time. Read:\u00a0Pak, Russia sign offshore gas exploration contract Currently, the two sides have also been discussing the North-South gas pipeline project. In addition, it is expected that Russian firms are interested in developing a gas pipeline between Karachi and Lahore, which is meant to transport imported natural gas between the two cities, and fulfill the regional demand for gas&hellip;<\/p>\n","protected":false},"author":75,"featured_media":42873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15020],"tags":[14375],"persona":[],"class_list":{"0":"post-58559","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-social-developments","8":"tag-details-on-russia-to-provide-usd-1-bn-to-rehabilitate-pakistan-steel-mills","9":"cat-15020-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Russia to provide USD 1 bn to rehabilitate Pakistan Steel Mills - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The government of Russia has pledged to invest heavily in Pakistan\u2019s industrial sector and has offered USD 1 billion worth of financial\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/russia-provide-usd-1-bn-rehabilitate-pakistan-steel-mills.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russia to provide USD 1 bn to rehabilitate Pakistan Steel Mills - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The government of Russia has pledged to invest heavily in Pakistan\u2019s industrial sector and has offered USD 1 billion worth of financial\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/russia-provide-usd-1-bn-rehabilitate-pakistan-steel-mills.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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