Tag Archives: Imports of steel

KARACHI: The import of steel and scrap iron plunged by 44 per cent during FY23, reflecting a sharp slowdown in construction and industrial activities due to persistent political and economic instability in the outgoing fiscal year. According to the State Bank of Pakistan (SBP) data, imports of steel and scrap iron contracted to $2.784bn in FY23 from $4.959bn in FY22. …

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