India, July 12 -- The Pakistani embassy in Russia said on Friday that the two countries have signed a "protocol to restore and Pakistan Steel Mills (PSM) in Karachi", in what it called was a "reaffirmation" of their "long-standing industrial partnership".

The agreement was signed at the Pakistan embassy in Moscow by Pakistan's secretary of industries and production Saif Anjum and Vadim Velichko, general director of industrial engineering LLC from the Russian side.

SAPM Haroon Akhtar Khan and Pakistan's ambassador to the Russian federation Muhammad Khalid Jamali were also present.

The project seeks to restart and expand steel production.

"Reviving PSM with Russia's support reflects our shared history and commitment to a stronger indust...