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213 news items from Pakistan. Show all
Mughal Iron & Steel's subsidiary, Mughal Energy, has completed the hydro testing phase for its 36.50 MW hybrid power plant, marking a significant step toward the project's commissioning. Hydro testing, a crucial process…
Pakistan's National Tariff Commission (NTC) has recommended cutting import duties on steelmaking raw materials, including scrap, to zero, aiming to secure uninterrupted supply and reduce production costs, according to a…
Pakistan's Crescent Steel and Allied Products Limited posted a net loss of PKR 43.4 mln (USD 0.15 mln) for the fiscal year ending June 30, 2025, compared with a profit of PKR 1.27 bln in the previous year. The company's…
Pakistan's finished steel imports fell by 32.2pct YoY in June 2025, according to data from the Pakistan Bureau of Statistics (PBS). The country imported 178,520 tons of finished steel during the month, its lowest level…
Pakistan's steel scrap imports fell by 14pct YoY in June 2025, according to data from the Pakistan Bureau of Statistics (PBS). The country imported 188,417 tons of scrap during the month, its lowest level since April…
Pakistani rebar producer Dost Steels Limited (DSL) has signed a loan restructuring agreement with a consortium of banks, under which its outstanding debt has been rescheduled, the company said in a filing to the stock…
Metso has signed a distribution agreement with Greaves Pakistan (Pvt.) Ltd to strengthen its footprint in South Asia and improve local support for the mining and aggregates sectors. Under the deal, Greaves will…
Pakistan and Russia have signed a protocol to restore and modernize Pakistan Steel Mills (PSM) in Karachi, reaffirming their longstanding industrial cooperation, the Pakistani government announced. The agreement was…
Pakistan's Beco Steel Limited has successfully completed its first export shipment of copper ingots to Hong Kong, China, the company announced in a filing to the stock exchange. According to the company, the copper…
Pakistani flat steel producers International Steels Limited (ISL) and Aisha Steel have announced a PKR 8,000 (USD 25) per ton reduction in cold rolled coil (CRC) and galvanized coil prices, effective July 2, 2025. This…
Pakistan's National Tariff Commission (NTC) has decided to extend the 40.47pct anti-dumping duty on galvalume steel imports from China, following the conclusion of an anti-circumvention investigation, according to a…
Pakistan's National Tariff Commission (NTC) has initiated a sunset review to assess whether anti-dumping duties on billet imports from China should remain in place. The review follows a joint application submitted on…
Pakistan's lack of a centralized energy efficiency monitoring system is hindering efforts to modernize its steel sector and attract international green financing, according to a new World Bank report. Titled Steel…
The Pakistani government has approved approximately USD 42 mln for the redevelopment of the Gadani shipbreaking yard in Balochistan, aiming to transform it into a model green facility aligned with international…
Pakistani rebar manufacturer Dost Steels Limited (DSL) plans to raise PKR 4.45 bln (USD 15.6 mln) through a rights issue to fund the installation of a billet-producing melting furnace and support working capital needs…
Mughal Iron & Steel expects to complete the modernization of its re-rolling facility by Q1 2026, CEO Shakeel Ahmad announced at a conference hosted by Topline Securities. The BMR (Balancing, Modernization, and…
Pakistan's large-scale manufacturing (LSM) sector posted a growth of 2.29pct YoY in April 2025, according to data from the Pakistan Bureau of Statistics (PBS). However, output declined by 3.2pct compared to March…
The Pakistan Steel Melters Association (PSMA) has expressed deep concern over the 2025-26 Budget and Finance Bill, warning that the proposed reduction of customs and regulatory duties on steel billets to 5pct threatens…
Pakistan imported 292,630 tons of scrap in April 2025, reflecting a significant YoY increase of nearly 59pct, according to data from the Pakistan Bureau of Statistics (PBS). On a month-over-month basis, scrap imports…
Pakistan imported 414,209 tons of finished steel in April 2025, a sharp 76pct increase from 235,339 tons in April 2024, according to the Pakistan Bureau of Statistics (PBS). Compared to March 2025, Pakistan's finished…
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