Friday, August 22, 2025
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    Pakistan

    ISL reports steep fall in FY25 earnings

    International Steels Limited (ISL), Pakistan's leading flat steel producer, reported a significant drop in earnings for the financial year ended June 30, 2025. The company's...

    Mughal Steel advances hybrid power plant project

    Mughal Iron & Steel's subsidiary, Mughal Energy, has completed the hydro testing phase for its 36.50 MW hybrid power plant, marking a significant step...

    NTC proposes duty exemption on scrap imports

    Pakistan's National Tariff Commission (NTC) has recommended cutting import duties on steelmaking raw materials, including scrap, to zero, aiming to secure uninterrupted supply and...

    Crescent Steel swings to loss in FY25

    Pakistan's Crescent Steel and Allied Products Limited posted a net loss of PKR 43.4 mln (USD 0.15 mln) for the fiscal year ending June...

    Finished steel imports drop sharply in June 2025

    Pakistan's finished steel imports fell by 32.2pct YoY in June 2025, according to data from the Pakistan Bureau of Statistics (PBS). The country imported 178,520...

    Scrap imports decline in June 2025

    Pakistan's steel scrap imports fell by 14pct YoY in June 2025, according to data from the Pakistan Bureau of Statistics (PBS). The country imported 188,417...

    DSL signs loan restructuring deal, eyes restart of operations

    Pakistani rebar producer Dost Steels Limited (DSL) has signed a loan restructuring agreement with a consortium of banks, under which its outstanding debt has...

    Metso expands presence in South Asia through new distribution agreement

    Metso has signed a distribution agreement with Greaves Pakistan (Pvt.) Ltd to strengthen its footprint in South Asia and improve local support for the...

    Govt signs agreement with Russia to revive PSM

    Pakistan and Russia have signed a protocol to restore and modernize Pakistan Steel Mills (PSM) in Karachi, reaffirming their longstanding industrial cooperation, the Pakistani...

    Beco Steel makes first copper ingots export to Hong Kong

    Pakistan's Beco Steel Limited has successfully completed its first export shipment of copper ingots to Hong Kong, China, the company announced in a filing...
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