ISLAMABAD: Foreign Minister Shah Mehmood Qureshi on Tuesday said Pakistan would welcome if Russia made an investment for the revival of Pakistan Steels Mills (PSM) or other projects.

The PSM was set up with the technical and financial help of Russia and now its role in revival of the entity could open up several opportunities to strengthen bilateral cooperation, Qureshi said in a video statement regarding the visit of Russian Foreign Minister Sergey Lavrov.

The PSM was closed in 2015 due to heavy financial losses.

The foreign minister said the visit of a Russian foreign minister to Pakistan after nine years reflected a “new and positive dimension” of bilateral relations.

Russian Foreign Minister, Sergey Lavrov is arriving in Islamabad on Tuesday (today), on a two-day official visit to Pakistan to discuss ways to further broaden and deepen bilateral cooperation in diverse fields.

Foreign Office in a statement said the Russian Foreign Minister besides holding delegation-level talks with his Pakistani counterpart Shah Mahmood Qureshi, will also call on Prime Minister Imran Khan and have interaction with other dignitaries.