Steel sector decries concessions to foreign firms

Dawn | Dec 7, 2019 at 7:03 AM
  • The local steel industry has expressed concerns over proposed grant of special concessions to establish Directly Reduced Iron (DRI) technology in the country, claiming that the initiative was being taken without consultations with local sector.
  • The association has asked the government to abolish concession given to the foreign investors while ignoring local investors and the criteria that only investment over $500m would be eligible for subsidy etc are being introduced to benefit a particular company.