Saturday, May 24, 2025
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home Headline

Country needs eight steel mills to satisfy demand: Mian Zahid Hussain

News Desk
June 19, 2020
Mian Zahid Hussain
Share on FacebookShare on Twitter

WEB DESK – President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, FPCCI’s Businessmen Panel Sr. Vice Chairman, and former provincial minister Mian Zahid Hussain on Friday said a massive quantity of iron ore is available in Sindh which should be exploited. 

He said that Pakistan has vast natural resources which are awaiting exploitation while iron ore is available in Sindh, Balochistan and Khyber Pakhtunkhwa but we are spending over three billion dollars to import iron and steel. 

Talking to the business community, the veteran business leader said large quantity or iron and steel is also smuggled into Pakistan from Iran and Afghanistan which can be stopped. 

The former minister noted raw minerals are being exported to other countries which are sold at high prices by adding value to it as the business community is not inclined towards value addition. 

He said that a stone known as yellow marble is available in Thatta, Sindh which is exported in raw form to China which can fetch good income if processed locally. 

Recently, huge quantity of iron ore deposits have been found some 400 km away from Pakistan Steel Mills which can be utilized locally and exported to China which is importing almost one billion tonnes of iron on an annual basis. 

He noted that the ratio of locally produced iron could not jump beyond two or three percent while whole demand was met through imports when Pakistan Steel Mills was working. 

PSM can produce around one million tonnes of iron and steel while the local demands stand at eight million tonnes, therefore, eight steel mills will be needed to stop imports to save foreign exchange and provide employment to thousands, he said. 

He said that once Australia was a poor country which climbed the ladder of success through its mineral deposits.

News Desk

News Desk

Welcome to our web desk! We're a dedicated team of digital enthusiasts passionate about delivering timely and engaging content to our online audience.

Related Posts

Balochistan EconoBmic Forum in Collaboration with the Chinese Consulate celebrated it’s 33rd Anniversary & 12th Anniversary of CPEC
Business

Balochistan EconoBmic Forum in Collaboration with the Chinese Consulate celebrated it’s 33rd Anniversary & 12th Anniversary of CPEC

May 23, 2025
Meeting with Deputy Commissioner Tharparkar
Headline

Meeting with Deputy Commissioner Tharparkar

May 23, 2025
he Pakistan Association of the Dermatology arranged one day free workshop
Business

he Pakistan Association of the Dermatology arranged one day free workshop

May 23, 2025
Sindh Government establishes lab in KU to increase COVID- 19 testing capacity
Headline

Karachi Sees Rise in COVID-19 Cases, Four Deaths Reported in Two Weeks

May 23, 2025
SBP keeps interest rate unchanged at 12%
Headline

Banks to Remain Closed on May 28 for Youm-e-Takbeer

May 23, 2025
Engro Secures Approvals for Landmark Partnership to Expand Telecom Infrastructure, Paving the Way for Pakistan’s Digital Future
Business

Engro Secures Approvals for Landmark Partnership to Expand Telecom Infrastructure, Paving the Way for Pakistan’s Digital Future

May 23, 2025
Why have Bitcoin prices hit a record high?
Headline

What is Bitcoin Mining and How Does It Work?

May 23, 2025
Karachi woman steals 20 tola gold before Umrah trip
Business

Gold Price Soars by Rs3,500 Per Tola in Pakistan

May 23, 2025
Vacancies Open for Pakistani Female Beauticians in Saudi Arabia – Apply by June 8, 2025
Headline

Vacancies Open for Pakistani Female Beauticians in Saudi Arabia – Apply by June 8, 2025

May 23, 2025
UAE Dirham Holds Steady at PKR 76.44 – Exchange Rate Update for May 23, 2025
Headline

UAE Dirham Holds Steady at PKR 76.44 – Exchange Rate Update for May 23, 2025

May 23, 2025
Next Post
PSMA

PSMA provides Sugar at the subsidized rate of Rs. 70 per kg

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Most Popular

Zarnab Shastri’s Private Videos Leaked Amid Manahil Malik’s Controversy

Another leak: TikToker Somal Mohsin’s private videos go viral

Sajal Malik Video Leak Sparks Controversy as Fans and Critics Debate

Aga Khan University Celebrates Student Innovation at Concluding Ceremony of President’s Challenge for Climate Solutions

Torino Comics Honors Akira Toriyama, Creator of Dragon Ball and Dr. Slump

Must Read

inDrive and WWF join forces for a cleaner environment.
Lahore

inDrive and WWF join forces for a cleaner environment.

August 22, 2024
SECP registered 3,024 new companies in November 2024, marking the highest monthly number.
Business

SECP registered 3,024 new companies in November 2024, marking the highest monthly number.

December 9, 2024
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.