11,024.33 TRY BIST 100 BIST 100
40.55 TRY Interest Interest
85.89 USD Fossil Oil Fossil Oil
31.06 USD Silver Silver
4.49 USD Copper Copper
107.83 USD Iron Ore Iron Ore
382.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,553.39 TRY Gold (gr) Gold (gr)

Pakistan Steel Mills appeals to government for help

The management of Pakistan Steel Mills (PSM) has appealed to the Special Investment Facilitation Council (SIFC) for assistance in reclaiming lands seized by occupiers.

Pakistan Steel Mills appeals to government for help

In a letter addressed to the Ministry of Industries and Production, the PSM management requested the intervention of SIFC to address the issues related to the illegal occupation of lands and the failure of the Sindh government to find a solution.

The letter emphasized the necessity for the ministry to engage in discussions with the Sindh government to resolve the billion-rupee land disputes concerning PSM. It also underscored the importance of the SIFC's top committee, which is tasked with addressing issues related to PSM lands.

Furthermore, the PSM management sought assistance from the federal and Sindh governments in resolving land-related issues, which include removing encroachments in Pakistan Steel Township, canceling illegal allocations in Gulshan-e-Hadid Phase III, and ensuring proper allocation of lands owned by PSM.

Pakistan Steel Township is a suburb spanning 8,126 acres where Pakistan Steel Mills' employees reside, with subsidized rents provided for essential workers. It is located on the N-5 National Highway, extending from Karachi eastward to Thatta.

Among the requests made to the federal government is the redefinition of the outer boundary of Pakistan Steel Township and the allocation of alternative land for the pending petroleum tanker terminal.

The PSM Board of Directors expressed support for the establishment of an Export Processing Zone (EPZ) or Special Economic Zone (SEZ) on PSM lands, as proposed by the SIFC's top committee. It called for the convening of the SIFC's top committee in the presence of the Sindh Chief Minister to take steps towards reclaiming thousands of acres of land.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

Colombian iron and steel exports increase in volume but decline in value

Wednesday, July 10, 2024

ASEAN-6 region saw an increase in total scrap demand

Wednesday, July 10, 2024

New era in EU steel quotas : Türkiye hits capacity on 4 products

Thursday, July 11, 2024

Shyam Metalics and Energy announced its consolidated net profit in the 4th quarter

Thursday, July 11, 2024

Steel production on the increase in Spain!

Thursday, July 11, 2024
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now