The steel industry has wrote to Prime Minister Imran Khan and criticized the use of imported steel under CPEC projects.

In a letter to the Prime Minister’s Office, the Pakistan Association of Large Steel Producers (PALSP) stated that while high quality and competitive products are produced, steel is still imported for the construction of the port of Gwadar, the Gwadar Special Economic Zones and Free Economic Zone (FEZ) and other KPEC projects.

The association noted that the domestic steel industry has spare production capacity around the world, adding that this is a disastrous situation for the domestic industry. “In any case, this means exporting our jobs to other countries.”

The association believes that for these mega-projects to be profitable for both the local steel industry and the state, the government should not allow and provide duty-free imports of all these locally produced goods and materials. Only locally sourced products that meet international standards for use in CPEC infrastructure projects.

The Association also urged the government to provide tax adjustments on all kinds of taxes to local Steel companies for the CPEC Projects.

The following two tabs change content below.

LEAVE A REPLY

Please enter your comment!
Please enter your name here