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213 news items from Pakistan. Show all
Amreli Steels Limited has extended the temporary suspension of operations at its rolling mill plant in Karachi's S.I.T.E. area for another six months due to ongoing operational and economic challenges in the steel…
Pakistan's scrap imports fell by 6.74pct YoY in February 2025, totaling 238,043 tons, according to the Pakistan Bureau of Statistics (PBS). However, on a monthly basis, imports rose by 11.33pct compared to January 2025…
Pakistan's finished steel imports saw a sharp increase in February 2025, reaching 326,859 tons, a 70.7pct YoY rise from 191,481 tons in February 2024, according to the Pakistan Bureau of Statistics (PBS). On a monthly…
Pakistani flat steel producers, International Steels Limited (ISL) and Aisha Steel, have reduced CRC and galvanized coil prices by PKR 15,000 (USD 53) per ton, effective March 11, 2025. This marks the first price…
Pakistan's Aisha Steel Limited reported losses in the first half of fiscal year 2025, ending December 31, 2024, according to a stock exchange disclosure. The company posted a net loss of PKR 1.7 bln (USD 6 mln), a sharp…
The Competition Commission of Pakistan (CCP) has issued show-cause notices to International Steel (ISL) and Aisha Steel Mills (ASML) over alleged cartelization in the flat steel market. A final decision will be made…
Agha Steel Industries Limited reported a net loss of PKR 3.84 bln (USD 13.7 mln) for H1 FY25, a sharp increase from the PKR 219 mln loss in the same period last year. Revenue dropped 42.6pct YoY to PKR 5.3 bln (USD 19.1…
Pakistan's Amreli Steels reported a net loss of PKR 1.87 bln (USD 6.7 mln) for the first half of the fiscal year 2025 ending December 31, 2024, a sharp decline from the PKR 632 mln loss recorded in the same period the…
AD Ports Group has signed a Memorandum of Understanding (MoU) with Pakistan's Board of Investment to explore the development of an industrial zone near Karachi Port and Port Qasim, aiming to boost trade and economic…
The Pakistan Federal Board of Revenue (FBR) has withdrawn the Export Facilitation Scheme (EFS) 2021 for iron and steel scrap importers to prevent misuse and strengthen tax enforcement. Under the revised regulations…
In January 2025, Pakistan's scrap imports saw a slight decline, falling by 4.99pct compared to the same month last year, according to data from the Pakistan Bureau of Statistics. The country imported a total of 213,818…
Pakistan's finished steel imports recorded a significant increase in January 2025, according to data from the Pakistan Bureau of Statistics (PBS). The country imported a total of 334,190 tons of finished steel during…
The Pakistan Collectorate of Customs (Appraisement) has authorized the import of iron scrap via the Bazarcha Terminal at the Pakistan-Iran border, according to Dawn News. A public notice issued by Kaleem Ullah, the…
Pakistan's Federal Board of Revenue (FBR) has extended the regulatory duty on certain flat steel imports until March 31, 2025, to support the local steel industry. The decision follows recommendations from the Tariff…
Pakistan's Crescent Steel and Allied Products Limited reported a steep drop in profitability for the fiscal year ending December 30, 2024. The company's net profit fell to PKR 14.54 mln (USD 51,960) in the first half of…
Pakistan's Ministry of Industries and Production informed the parliamentary standing committee that a team of Russian experts is evaluating the revival of Pakistan Steel Mills (PSM), with a final decision expected by…
Pakistan's International Steels Limited (ISL) reported a sharp decline in profit for the first half of FY25, which ended on December 31, 2024, according to its interim financial statement. The company posted a post-tax…
In 2024, Pakistan experienced a modest recovery in annual scrap imports, though volumes remained relatively low, according to data from the Pakistan Bureau of Statistics. The country imported 2.66 mln tons of scrap…
In 2024, Pakistan's finished steel imports rebounded from an 8-year low in 2023, according to data from the Pakistan Bureau of Statistics (PBS). The country imported 2.93 mln tons of finished steel last year, a 17.6pct…
Pakistan's Large-Scale Manufacturing (LSM) sector contracted by 1.25pct YoY in the first five months of FY25 (July-November), according to data from the Pakistan Bureau of Statistics. LSM output decreased by 3.81pct in…
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