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Pakistan's top antitrust body demands a national steel policy and new ministry to fix industry flaws, boost quality, and cut losses.
Pakistan's Competition Commission has urged the creation of a national steel policy and a dedicated Steel Ministry to fix systemic issues in the country’s steel industry, which contributes 8.2% to GDP and supports 15% of employment.
The sector faces challenges including reliance on imported scrap, low per capita consumption of 47 kg, underutilized capacity, and widespread substandard production.
Up to 60% of output is unregulated, with untaxed steel from former FATA/PATA areas costing the government Rs40 billion annually.
The Pakistan Steel Mills remains closed since 2015, carrying Rs400 billion in liabilities.
The CCP recommends enforcing quality standards, ending tax exemptions, investing in local iron ore and green technologies, and improving regulatory coordination to ensure fair competition and long-term sustainability.
El máximo organismo antimonopolio de Pakistán exige una política nacional de acero y un nuevo ministerio para corregir los defectos de la industria, mejorar la calidad y reducir las pérdidas.