Thursday, March 6, 2025
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    Pakistan

    Agha Steel reports heavy losses in H1 FY25, management pursues recovery strategies

    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...

    Amreli Steels posts wider losses in H1 FY25 as revenue shrinks

    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...

    AD Ports Group signs MoU to develop industrial zone near Karachi

    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...

    FBR introduces new regulations to curb tax evasion in steel scrap trade

    The Pakistan Federal Board of Revenue (FBR) has withdrawn the Export Facilitation Scheme (EFS) 2021 for iron and steel scrap importers to prevent misuse...

    Scrap imports decline nearly 5 pct in Jan 2025 YoY

    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...

    Finished steel imports grew sharply in Jan 2025

    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...

    Customs approves scrap imports through Bazarcha Terminal from Iran

    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...

    FBR extends regulatory duty on certain flat steel imports until March 2025

    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...

    Crescent Steel reports sharp profit decline in H1 FY25

    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...

    Russian experts evaluate PSM for potential revival

    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...

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