Tag: steel

Islamabad, July 11, 2025 – In a major step towards reviving the country’s industrial strength, Pakistan and Russia have officially signed a protocol to restore and modernize the long-dormant Pakistan Steel Mills (PSM).

Islamabad, April 17, 2025 – The Pakistan Association of Large Steel Producers (PALSP) has voiced serious reservations regarding the Federal Board of Revenue’s (FBR) proposed changes to the tax framework governing the Export Facilitation Scheme (EFS) for the steel industry.

Islamabad, March 11, 2025 – The Competition Commission of Pakistan (CCP) has taken decisive action against alleged cartelization in the steel industry by issuing Show Cause Notices to International Steel Limited (ISL) and Aisha Steel Mills Limited (ASML).

The Pakistan Association of Large Steel Producers (PALSP) has called upon the government to immediately withdraw the tax exemptions granted to industrial units in the former tribal areas (now merged districts or NMDs). According to PALSP, these exemptions are being widely misused, causing severe harm to the local tax-paying industries in Pakistan.

ISLAMABAD: The Pakistan Association of Large Steel Producers (PALSP) has warned that the steel industry, a cornerstone of the national economy, is facing a severe crisis. Numerous steel mills have already closed, while the few that remain operational are running at just 20-30% capacity. The sector is grappling with unsustainable production costs and plummeting demand.

Islamabad, September 3, 2024 – The steel industry has urged the Federal Board of Revenue (FBR) to promptly implement the budgetary decision to exempt sales tax on the sale or supply of local scrap.