PSM stakeholders request government to revive mill

The stakeholders said that the losses and liabilities had swelled to over Rs465 billion, alongside $2.5 billion foreign exchange loss per year to the national exchequer due to steel imports

Rupee devaluation pushes steel prices to record highs

Due to continuing depreciation of the rupee against the greenback in inter-bank and kerb market, the rise in steel prices was expected

US postpones imposition of metal tariffs on EU, Canada & Mexico

US has reached agreements for permanent exemptions for Argentina, Australia and Brazil, the White House said on Monday.

Agha Steel deploys Fiori enabled SAP

 KARACHI: Agha Steel Industries (ASI) in a ceremony held on Friday announced that it is all set to implement Pakistan’s first end-to-end Fiori-enabled SAP...

Karachi outages force Amreli Steel to cut production of rebars by 40 percent

LAHORE: Amreli Steels in a notification sent to the bourse Tuesday informed it was cutting down its production of rebars by 40 percent due...

U.S, South Korea agree to revise trade pact

SEOUL: The United States and South Korea agreed to revise a trade pact sharply criticized by U.S. President Donald Trump, Seoul said on Monday,...

Govt to focus on high growth rate, controlled inflation in next budget: Miftah Ismail

ISLAMABAD: Adviser to Prime Minister on Finance, Miftah Ismail Friday said the government will mainly focus on setting the target for a high economic...

Naveena Group announces establishment of steel production plant at Port Qasim

KARACHI: The Naveena Group has announced to enter into the business of steel production by establishing a 300,000 TPA (tonnes per annum) steel melting...

Draft agreement for settlement of PSM debts to be shared with stakeholders: Privatization Commission

ISLAMABAD: A draft agreement for settlement of Pakistan Steel Mills debts will be shared with stakeholders for deliberation and input, decided the Privatization Commission...

Analysts estimate increase of Rs6 per share to ASTL after SITE expansion

LAHORE: In Amri Steels Ltd's (ASTL) latest notice to the exchange it had informed about finalisation of its plans regarding the Balancing, Modernisation and...

Pakistan to inadvertently suffer if world goes to ‘trade war’

KARACHI: US President Donald Trump is embarking on a journey to adopt protectionist policies which might result in a global trade war. Although Pakistan...

Asia feels the wrath, as Trump plans imposing hefty tariffs on steel & aluminum

SEOUL/SYDNEY: U.S. President Donald Trump’s planned tariffs on steel and aluminum will distort global trade and cost jobs, Australia’s trade minister said on Friday,...

Mughal Steel gets amendments to expansion plan approved

LAHORE: A bourse notification filed Monday by Mughal Iron and Steel Industries Limited (MISIL) revealed amendments to expansion plan have been approved by the...

PSM directed to complete audit of retired employees’ dues by June 2018

ISLAMABAD: The Pakistan Steel Mills board of directors has instructed the company’s management to escalate audit of dues of retired employees by June 2018.Also,...

Commerce dept backs Trump’s proposal to impose tariffs on steel, aluminum

WASHINGTON: The Commerce Department is urging President Donald Trump to impose tariffs or quotas on imported aluminum and steel, which it calls a national...

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MoF to seek cabinet’s approval over appointment of NBP chief

ISLAMABAD: The Ministry of Finance (MoF) is considering approaching the federal cabinet over the appointment of Arif Usmani as National Bank of Pakistan (NBP)...