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213 news items from Pakistan. Show all
Pakistan's Agha Steel Industries Limited posted a net loss of PKR 1.16 bln (USD 4.1 mln) for Q1 FY26 ended September 30, 2025, an improvement from the PKR 1.81 bln loss a year earlier. Revenue fell 24pct YoY to PKR 2.16…
Pakistan's Ministry of Maritime Affairs has announced a USD 13 bln savings plan aimed at reviving the long-dormant Pakistan Steel Mills (PSM) through the creation of the country's first "Sea-to-Steel Green Maritime…
The Pakistan Credit Rating Agency Limited (PACRA) has maintained the entity ratings of Mughal Iron & Steel Industries Limited (Mughal Steel), citing the company's resilience despite ongoing challenges in the wider steel…
Amreli Steels Limited announced that it has signed and executed the Master Restructuring Agreement (MRA) along with allied documents and agreements with a consortium of banks. Bank Alfalah Limited acted as the lead…
Pakistan's Beco Steel Limited has announced plans to diversify into rebar production, according to a filing with the stock exchange. The company will install a new furnace and a continuous casting mill, with the…
The Competition Commission of Pakistan (CCP) has imposed financial penalties exceeding PKR 1.56 bln (USD 5.5 mln) on Aisha Steel Mills Limited (ASML) and International Steels Limited (ISL) for cartelization and…
Amreli Steels Limited's board has approved the direct issuance of up to 40 mln ordinary shares at PKR 25 each, raising PKR 1 bln (USD 3.5 mln) to strengthen working capital and support its credit restructuring plan. The…
Turkish and Pakistani pipe producers are facing an administrative review by the Canada Border Services Agency (CBSA) on welded pipe imports. The review will reassess normal values and export prices for certain carbon…
Agha Steel Industries' Board of Directors has approved the restructuring of finance facilities worth PKR 23.2 bln (USD 82 mln) with banks and financial institutions. The plan, developed in consultation with lenders…
Pakistani rebar producer Dost Steels Limited (DSL) has signed a settlement agreement with its syndicate of banks to resolve outstanding liabilities of PKR 2.08 bln (USD 7.34 mln), paving the way for financial and…
Beco Steel said it is in advanced discussions with an international client for an export order worth USD 22 mln for the coming financial year, according to a stock exchange filing. The company did not disclose the…
Amreli Steels, one of Pakistan's leading steelmakers, reported a 37pct YoY reduction in losses for the fiscal year ending June 30, 2025. The company posted a net loss of PKR 3.81 bln (USD 13.45 mln), compared with PKR…
Pakistan imported 312,175 tons of steel scrap in August 2025, up 9.83pct YoY from 284,223 tons in the same month last year, according to Pakistan Bureau of Statistics (PBS) data. Imports were broadly stable compared to…
Pakistan imported 370,482 tons of finished steel in August 2025, more than double the 173,876 tons recorded in the same month last year, Pakistan Bureau of Statistics (PBS) data shows. Imports also rose nearly 8pct…
Pakistan's Aisha Steel Limited reported a sharp widening of losses in fiscal year 2025, ending June 30, with net losses rising to PKR 1.35 bln (USD 4.76 mln) from PKR 132 mln a year earlier, according to a stock…
Pakistan's Beco Steel Limited has signed an agreement with a renewable energy solutions provider to install a 2-megawatt (MW) solar power generation system at its Badami Bagh, Lahore plant, according to a stock exchange…
Pakistan's steel scrap imports rose nearly 14pct YoY in July 2025, reaching 311,888 tons compared with 273,994 tons a year earlier, according to Pakistan Bureau of Statistics (PBS) data. On a month-on-month basis…
Pakistan's finished steel imports rose nearly 33pct YoY in July 2025, reaching 343,257 tons compared with 258,419 tons in July 2024, according to Pakistan Bureau of Statistics (PBS). On a month-on-month basis, imports…
Pakistan's leading pipe manufacturer International Industries Limited (IIL) reported a steep decline in earnings for the fiscal year ended June 30, 2025. Net profit fell nearly 59pct YoY to PKR 1.58 bln (USD 5.5 mln)…
International Steels Limited (ISL), Pakistan's leading flat steel producer, reported a significant drop in earnings for the financial year ended June 30, 2025. The company's post-tax profit declined 57.3pct YoY to PKR…
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