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213 news items from Pakistan. Show all
Pakistan's National Tariff Commission (NTC) has launched an investigation into alleged circumvention of anti-dumping duties on cold rolled (CR) steel imports from China. The inquiry follows concerns that Chinese…
The Pakistan Steel Melters Association (PSMA) has renewed its appeal for targeted incentives in the upcoming FY2025-26 budget to revive the struggling steel sector and ensure its long-term growth. Chairman Mian Ahmad…
Pakistani rebar producer Dost Steels has signed a restructuring agreement with a consortium of banks as part of efforts to stabilise its financial position. The deal is backed by a PKR 2.08 bln (USD 7.33 mln) investment…
The Pakistani steel industry has urged the government to avoid reducing tariffs on finished and semi-finished steel products, warning that such a move could lead to widespread closures of local steel units, massive job…
Pakistani rebar producer Dost Steels Limited has finalized a loan restructuring agreement with a consortium of banks to reschedule outstanding debt of PKR 2.08 bln (USD 7.35 mln), including future markup, according to a…
Pakistan's large-scale manufacturing (LSM) sector grew by 1.79pct YoY in March 2025, according to data from the Pakistan Bureau of Statistics (PBS). However, on a monthly basis, LSM output fell sharply by 4.64pct…
Pakistan and Russia have taken a step toward industrial collaboration, as Russian representative Denis Nazaroof met with Haroon Akhtar Khan, Special Assistant to the Prime Minister, to discuss establishing a new steel…
The Pakistan Association of Large Steel Producers (PALSP) has urged the government to establish a clear, written policy outlining applicable tax rates to ensure smoother operations and greater stability in the steel…
International Steels Limited (ISL), a subsidiary of International Industries Limited, has completed and commissioned a 6.4-megawatt (MW) solar power project at its manufacturing facility in Karachi, according to a…
Pakistani pipe manufacturer International Industries Limited (IIL) has established a wholly-owned subsidiary in Ireland, named INIL Europe Limited, according to a stock exchange filing. The new entity aims to expand…
Amreli Steels, one of Pakistan's leading steel manufacturers, reported a significant increase in losses for the first nine months of fiscal year 2025, ending March 31. The company posted a net loss of PKR 2.85 bln (USD…
Pakistan's Mughal Iron and Steel Industries Limited (Mughal Steel) reported a consolidated profit of PKR 412.39 mln (USD 1.46 mln) for the nine-month period ending March 31, 2025, a sharp 70.3pct YoY decline, according…
Experts at a recent workshop emphasized the urgent need to decarbonize Pakistan's steel industry and improve energy efficiency to safeguard the sector's global competitiveness and align with international climate goals…
Pakistan's scrap imports reached 280,635 tons in March 2025, marking a YoY increase of 10.82pct, according to data from the Pakistan Bureau of Statistics (PBS). On a month-on-month basis, imports were up 17.9pct…
Pakistan imported 328,497 tons of finished steel in March 2025, a 27.25pct increase YoY from 258,141 tons in March 2024, according to the Pakistan Bureau of Statistics (PBS). However, imports edged down slightly by…
International Steels Limited (ISL) of Pakistan reported a significant decline in profitability for the nine months ending March 31, 2024, according to its unaudited financial results for FY25. The company posted a…
Pakistan's Large-Scale Manufacturing (LSM) sector contracted by 3.51pct YoY in February 2025, continuing a downward trend that has persisted since August 2024, with the exception of October, according to the Pakistan…
The Pakistan Association of Large Steel Producers (PALSP) has strongly opposed the Federal Board of Revenue's (FBR) draft SRO 592(1)/2025, which seeks to reinstate the Export Facilitation Scheme (EFS) for the iron and…
Pakistan's construction sector remains sluggish, weighed down by persistently high steel prices that continue to discourage both public and private development activity, according to a local newspaper report. Despite…
The Pakistan Steel Melters Association (PSMA) has submitted its proposals for the Federal Budget 2025-26, aiming to revitalize the domestic steel industry and promote economic growth. The proposals focus on key…
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