Explanation

Karachi Steel Mill was established on the 2nd of July, 1968, and the government decided to sponsor a state-owned Karachi steel mill.

It was a separate corporation according to the Act of 1913.

while

The Pakistan Steel Mills Corporation colloquially referred to as Pak Steels

Predecessor: Karachi Steel Projects

Founded: 30 December 1973 (49 years ago)

Headquarters: Karachi

It was founded on 2nd July 1973 by Zulfiqar Ali Bhutto.

The completion of the Steel Mill was launched by General Zia Ul Haq on 15 January 1985.

Steel Mill was established with the support of Russia.