Pakistan Steel Mills assets worth stand at Rs828 billion, NA told; salary bill Rs261 million in July–Jan

Ministry of Industries and Production told the National Assembly that Pakistan Steel Mills’ total assets stand at Rs 828,094 million, with non-current assets of Rs 813,548 million and net assets valued at Rs 14,544 million.

The figures were shared in a written reply to a question by MNA Khursheed Junejo. The ministry also provided spending details for the current fiscal year period to date.

It said Pakistan Steel Mills’ salary expenditure from July 2025 to January 2026 amounted to Rs 261.81 million, while electricity expenditure during the same period was Rs 297.34 million.

The ministry said the steel mill is incurring losses linked to water supplied to downstream industries and residential colonies, including Gulshan-e-Hadeed Phase I and II. It said the issue has been taken up with the Karachi Water and Sewerage Corporation.

It added that no expenditure is being incurred on gas supply after the gas connection was disconnected on government instructions in July 2024.