Pakistan, Jan. 31 -- On Thursday, the Ministry of Industries and Production informed a parliamentary standing committee that a team of Russian technical experts was evaluating the revival of Pakistan Steel Mills (PSM), with a final decision expected by June 30 this year.

The Russian team recently visited Pakistan and held virtual meetings to discuss plans for restructuring the steel mill, according to The News.

Ministry officials mentioned that the team was carefully evaluating various aspects of the mill's operations and was set to submit its report by Friday (today). Despite the steel mill's mounting debt, now at Rs345 billion, discussions with Russia are progressing positively.

"Efforts are being made to revive the mill rather than ...