Regional Tax Office 1 (RTO-1) revealed a significant fraud in sales tax worth 315 billion rupees in the iron and steel sector, according to a statement. Fraud activities were carried out under the leadership of two people, with the help of their brother and cousin. One additional partner has been arrested regarding the scheme. According … Read more
A Chinese investment company expressed its interest in buying 120 megawatts of low -cost electromagum energy from the Chakdara Swat Corridor to create steel factories in Khyber Bakhtonguhua. Representatives of China Century Steel Mills met with a special assistant to the Prime Minister in Engr, Engr. Tariq Saduzai, to discuss investment opportunities in the province’s … Read more
Islamabad: The Board of Investment (BOI) has asked the Ministry of Science and Technology (MoST) and Pakistan Standards and Quality Control Authority (PSQCA) to take immediate measures to curb the production and sale of substandard steel in the country. This directive is in response to concerns raised by the Pakistan Association of Large Steel Producers … Read more
A man walks near machinery in the hot strip mill section at Pakistan Steel Mills (PSM) on the outskirts of Karachi on February 8, 2016. — Reuters Sindh Chief Minister Murad Ali Shah said efforts to revive Pakistani steel mills are making progress, with an online meeting scheduled next week between Pakistani experts and representatives … Read more