Steel sector concerned at massive tariff rationalisation
ISLAMABAD: The documented steel sector Friday expressed serious concern over massive tariff rationalization in budget (2025-26) which would result in total closure of the domestic steel industry.
Addressing a press conference on Friday, Abbas Akberali Patron in Chief, Pakistan Association of Large Steel Producers and Chairman Amreli Steels; Javed Iqbal Malik Chairman PLASP / CEO Karachi Steels, Ilyas Aziz Malik V. Chairman PALSP / Chairman Fazal Steels shared their views on Finance Bill (2025-26).
They said after passing through the most difficult period of history, a few measures taken by the Govt recently have provided little bit relief to the steel industry. It includes reduction in cost of electricity, and reduction in interest rates.
Copyright Business Recorder, 2025
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