Pakistan, Dec. 7 -- The local steel industry has raised concerns over the proposed incentives being introduced by the government for the promotion of Directly Reduced Iron (DRI) technology in the country.
While the Ministry of Industries & Production has submitted a summary regarding the grant of special concessions/subsidy to attract Foreign Direct Investment (FDI) for the promotion of DRI technology, the entire steel industry was left out from consultation process in this regard.
Through a letter, a copy of which is available with Pakistan Today, the Pakistan Association of Large Steel Producers (PALSP) has informed the concerned ministries that the local industry had learnt about the new initiative through newspaper reports, which ...