PAKISTAN STEEL SECTOR WELCOMES LOWER SALES TAX ON ELECTRICITY BILLS
June 1st, 2012
BY RAHIMULLAH YUSUFZAI, IN PESHAWAR
Pakistan's steel sector has welcomed the relief offered by its government through reducing the sales tax paid on electricity used to produce steel billets, ingots and mild steel products. Irshad Mowjee, owner of a steel re-rolling mill in Karachi, said the decision would help curtail the cost of production and benefit both steel-makers and consumers. He told Steel First a delegation of the steel melting industry had met Pakistan finance minister Abdul Hafeez Sheikh recently and asked him to reduce the sales tax on steel ...
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