Media-News

Press Releases

DECEMBER 2022

Karachi Based Industry Lament Govt’s Failure to Support K-Electric’s Industrial Consumers

  1. https://www.brecorder.com/news/40214983?ref=whatsapp
  2. https://propakistani.pk/2022/12/15/karachi-based-industry-lament-govts-failure-to-support-k-electrics-industrial-consumers/

NOVEMBER 2022

PALSP Calls for Govt Action Against Substandard Steel Production

  1. https://www.thenews.com.pk/print/1009976-palsp-calls-for-govt-action-against-substandard-steel-production
  2. https://www.brecorder.com/news/40208830
  3. https://e.jang.com.pk/detail/289728

Banks That Overcharged for LCs Should Pay Up: PALSP

  1. https://e.jang.com.pk/detail/309947

OCTOBER 2022

Incremental Concessionary Tariff: PALSP for Ending ‘Discrimination’ Against Karachi Based, Industry

  1. https://www.thenews.com.pk/amp/996909-steel-makers-seek-emergency-rate-cut-from-sbp
  2. https://www.brecorder.com/news/40201138
  3. https://www.pakistantoday.com.pk/2022/10/04/palsp-urges-sbp-for-emergency-rate-cuts-to-8-percent/
  4. https://islamabadpost.com.pk/wp-content/uploads/2022/10/IP-26-03-20227_compressed.pdf
  5. https://news360.tv/en/business/palsp-urges-sbp-for-emergency-rate-cuts-to-8/

Incremental concessionary tariff

  1. https://epaper.brecorder.com/2022/10/08/10-page/944601-news.html

Steel Manufacturers Reject “Allegations” of Cartelization

  1. https://propakistani.pk/2022/10/20/steel-manufacturers-reject-allegations-of-cartelization/

Large Steel producers call into question ‘underneath interest’ of senators in steel sector

  1. https://www.pakistantoday.com.pk/2022/10/21/large-steel-producers-call-into-question-underneath-interest-of-senators-in-steel-sector/

Construction sector fears collapse

  1. https://tribune.com.pk/epaper/news/Islamabad/2022-10-22/MzcxZWFjNzlkN2UzNThkMTQ2ODRhYTFhZWM4NmUyMjMuanBlZw%3D%3D

SEPTEMBER 2022

Reduction In Tariffs on Finished Goods to Lead to De-Industrialization of Steel Sector

  1. https://www.thenews.com.pk/print/715568-cut-in-tariff-on-finished-products-of-steel-sector-palsp-warns-govt-of-de-industrialisation-unemployment
  2. https://www.brecorder.com/news/40018961/large-steel-production-fbr-urged-to-continue-with-tariff-protection-policy
  3. https://tribune.com.pk/story/2264300/pakistans-steel-industry-opposes-tariff-cut?amp=1
  4. https://profit.pakistantoday.com.pk/2020/09/15/steel-industry-opposes-tariff-reduction-proposals-of-ntc/
  5. https://pakobserver.net/reduction-in-tariffs-on-finished-goods-to-lead-to-de-industrialization-of-steel-sector/

AUGUST 2022

High Interest Rate, Delay in LCs Opening Hurting Steel Industry

  1. https://epaper.brecorder.com/2022/08/15/3-page/939944-news.html
  2. https://dnanews.com.pk/debunked-monetary-policy-to-shut-industries/

JUNE 2022

Make in Pakistan Special Report

  1. https://epaper.brecorder.com/2022/06/24/9-page.html

MAY 2022

PALSP Appeal

  1. https://e.thenews.com.pk/static_pages/5-30-2022/pindi/mainpage/page1.jpg

Steel sector not making windfall profits

  1. https://epaper.brecorder.com/2022/05/24/11-page/930702-news.html

Steel sector: net margins of listed companies shrink in 5 years

  1. https://www.brecorder.com/news/40176234

MARCH 2022

Abrupt Increase of US $120 in Raw Material Cost in International Market Sends Shock Waves for Steel Producers

  1. https://www.dawn.com/news/1678876/steel-crosses-rs200000-on-supply-chain-disruptions
  2. https://www.thenews.com.pk/amp/939645-steel-prices-likely-to-hike
  3. https://www.brecorder.com/news/40159294
  4. https://islamabadpost.com.pk/re-bars-prices-may-go-up/

FBR to check misuse of tax incentives by FATA industries

  1. https://www.thenews.com.pk/print/941840-fbr-to-check-misuse-of-tax-incentives-by-fata-industries

FEBRUARY 2022

Extension of incremental consumption package for KE industrial consumers: PALSP irked by delay in issuance of notification

  1. https://www.thenews.com.pk/print/932461-ke-industrial-users-await-govt-help
  2. https://www.brecorder.com/news/40153362/extension-of-incremental-consumption-package-for-ke-industrial-consumers-palsp-irked-by-delay-in-issuance-of-notification

Lack of clarity in GST rules, exemption mechanism: PALSP says unable to supply steel to Gwadar Free Zone

  1. https://www.dawn.com/news/1675360
  2. https://www.thenews.com.pk/print/933974-faulty-tax-rules-bar-local-steelmakers-from-gwadar-projects
  3. https://www.brecorder.com/news/40154762/lack-of-clarity-in-gst-rules-exemption-mechanism-palsp-says-unable-to-supply-steel-to-gwadar-free-zone

Smuggling of Steel Products Causing Big Revenue Loss

  1. https://www.brecorder.com/news/40155863

https://profit.pakistantoday.com.pk/2022/02/21/local-steel-industry-under-threat-due-to-smuggling-through-pak-afghan-border/

JANUARY 2022

Steel bars: PALSP spells out reasons behind increase in prices

  1. https://www.brecorder.com/news/40145379
  2. https://profit.pakistantoday.com.pk/2021/12/07/domestic-steel-prices-to-go-up-further/

DECEMBER 2021

PALSP demands mechanism to benefit local steel units

  1. https://www.brecorder.com/news/40137583/palsp-demands-mechanism-to-benefit-local-steel-units
  2. https://tribune.com.pk/story/2332220/steel-makers-lack-mechanism-to-avail-gst-exemption

PALSP Decry Cost Push Inflation Measures to Damage Industry

  1. https://citynews.com.pk/2021/12/07/pakistan-association-for-large-steel-producers-palspdecry-cost-push-inflation-measures-to-damage-industry/

PALSP spells out factors impeding growth of local steel industry

  1. https://www.brecorder.com/news/40138259
  2. https://profit.pakistantoday.com.pk/2021/12/07/domestic-steel-prices-to-go-up-further/

NOVEMBER 2021

Customs value: Steel sector moves FBR for parity with LME prices

  1. https://www.thenews.com.pk/print/909034-fbr-slaps-fixed-gst-on-steel-products
  2. https://www.brecorder.com/news/40133636/customs-value-steel-sector-moves-fbr-for-parity-with-lme-prices

Non-food articles’ registration with PSQCA: Steel sector concerned at increase in marking fees

  1. https://www.brecorder.com/news/40135667/non-food-articles-registration-with-psqca-steel-sector-concerned-at-increase-in-marking-fees
  2. https://profit.pakistantoday.com.pk/2021/11/28/demand-boosts-steel-prices/

SEPTEMBER 2021

PALSP rejects ABAD statement

  1. https://www.dawn.com/news/1644920
  2. https://www.thenews.com.pk/print/888895-palsp-rejects-abad-statement
  3. https://www.brecorder.com/news/40118484
  4. https://profit.pakistantoday.com.pk/2021/09/06/steelmakers-abad-at-loggerhead-over-prices-of-construction-materials/
  5. https://www.rusiruconstruction.com/steelmakers-and-abad-at-odds-over-prices-for-building-materials/
  6. https://thetimesofsindh.com.pk/2021/09/06/steel-producers-reject-abads-irresponsible-statements/

Utilize the surplus electricity generation capacity by offering energy to the sector at subsidized rates to curb the cost of steel bars.

  1. https://www.thenews.com.pk/print/895861-steel-makers-seek-power-subsidy-facilities-to-keep-costs-in-chec
  2. https://tribune.com.pk/story/2322235/steel-sector-demands-subsidised-electricity

JULY 2021

Steel Industry rejects false statements of ABAD

  1. https://www.dawn.com/news/1634019
  2. https://www.thenews.com.pk/print/861515-rebar-prices-in-pakistan-lower-compared-to-china-turkey
  3. https://www.brecorder.com/news/40106100

APRIL 2021

The large steel producers have opposed move by the Customs authorities of the Federal Board of Revenue for grant of permission to the importers of scrap for mutilation of goods/items, after filing of Goods Declaration (GD).

  1. https://epaper.brecorder.com/2021/04/02/10-page/880350-news.html?ref=whatsapp

Steel industry demands end to fake invoices, protection of legal businesses

  1. https://www.brecorder.com/news/40081721
  2. https://tribune.com.pk/story/2293582/steel-sector-demands-end-to-fake-sales-tax-invoices
  3. https://profit.pakistantoday.com.pk/2021/04/07/steel-industry-demands-end-to-fake-invoices-protection-of-legal-businesses/

 

PALSP Rejects Increase Electricity Cost

  1. https://dailyittehad.com.pk/story/64630/
  2. https://pakistaneconomicnet.com/story/17796/

Tax holiday for Gwadar Free Port: Steel producers oppose duty-free imports

  1. https://www.brecorder.com/news/40085470

PALSP decries annual loss of up to Rs15bn caused by steel mafia.

  1. https://profit.pakistantoday.com.pk/2021/04/21/palsp-decries-annual-loss-of-up-to-rs15bn-caused-by-steel-mafia/

Steel sector suggests check in massive mis-declaration

  1. https://epaper.brecorder.com/2021/04/22/3-page/883263-news.html?ref=whatsapp

 

MARCH 2021

PALSP lauds ruling of DGCV Karachi.

  1. https://www.thenews.com.pk/print/797416-palsp-lauds-customs-authorities
  2. https://epaper.brecorder.com/2021/03/01/6-page/871555-news.html?ref=whatsapp

Steel scrap value linked with London Metal Bulletin

  1. https://tribune.com.pk/story/2286963/steel-scrap-value-linked-with-london-metal-bulletin

Steel products: Mis-declaration causes massive revenue loss:

  1. https://www.brecorder.com/news/40076103

FEBRUARY 2021

Steel producers ask the government to reduce tax rates.

  1. https://profit.pakistantoday.com.pk/2021/01/31/steel-sector-calls-for-reduction-in-tax-rate/
  2. https://www.skymarketing.com.pk/news/steel-producers-ask-the-government-to-reduce-tax-rates/

 

Steel rebar prices have once again started rising due to an increase in electricity tariff and raw material prices in the international market.

  1. https://www.thenews.com.pk/print/794085-steel-rebar-prices-feared-to-cross-rs150-000-ton
  2. https://tribune.com.pk/story/2285595/steel-rebar-prices-start-rising-again
  3. https://propakistani.pk/2021/02/22/steel-bar-prices-expected-to-increase-in-local-markets/
  4. https://mettisglobal.news/domestic-steel-bar-prices-feared-to-increase-further-as-govt-snubs-sector-woes/
  5. https://nation.com.pk/2021/02/23/domestic-steel-re-bar-prices-likely-to-cross-rs150-000-per-tonne/

DECEMBER 2020

Increase in prices of raw material creating crisis-like situation

  1. https://www.thenews.com.pk/amp/758904-struggling-steel-sector-increase-in-prices-of-raw-material-creating-crisis-like-situation

 

Steel Industry Rejects False Statements of Abad Against Steel Sector

  1. https://profit.pakistantoday.com.pk/2020/12/28/steel-industry-rejects-allegations-of-cartelisation/
  2. https://dnanews.com.pk/steel-industry-rejects-false-statements-abad-steel-sector/

NOVEMBER 2020

Steel Association insists on reform rebate throughout the sector irrespective of whether rebate is 25pc or 50pc.

  1. https://profit.pakistantoday.com.pk/2020/11/04/steel-manufacturers-laud-pm-for-relief-in-power-tariff-for-industries/

Govt likely to approve ‘uniform standards’ for steel industry.

https://profit.pakistantoday.com.pk/2020/11/30/govt-likely-to-approve-uniform-standards-for-steel-industry/

OCTOBER 2020

Steel manufacturers meet PM, highlight impediments to industry’s growth.

  1. https://profit.pakistantoday.com.pk/2020/10/02/steel-manufacturers-meet-pm-highlight-impediments-to-industrys-growth/