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The Federal Government can impose additional customs duty on imported goods specified in the First Schedule through a notification in the official Gazette. The additional customs duty should not exceed 35% of the goods value, as specified under Section 25-2A or Section 25A-2b. [2]
A year later, Alshafi Steel merged with Ittefaq Sons, forming Ittefaq Iron Industries Limited in 2009. [1] [5] In 2017, Ittefaq Iron Industries raised Rs. 1.26 billion through initial public offering at a strike price of Rs. 30.2 and became a listed company on the Pakistan Stock Exchange. [6] [7]
The Pakistan Steel Mills Corporation, [2] [3] colloquially referred to as Pak Steel, is a Pakistani state-owned company that produces long-rolled steel and heavy metal products in the country. [ 4 ] Headquartered in Karachi , Sindh , the PSMC is currently the largest industrial mega-corporation in Pakistan, having a production capacity of 1.1 ...
International Steels was founded by Amir Sultan Chinoy in 2007 as a joint-venture between International Industries Limited, Sumitomo Corporation, and JFE Steel. [6] [3] Its plant was commissioned in 2010 at a cost of $162 million and it had a capacity to produce 280,000 tons per annum of cold rolled coil from hot rolled coil, including 150,000 tons per annum of galvanized steel. [7]
[2] [3] Trading Corporation of Pakistan was established in 1967 as a premier international trading house fully owned by the Government of Pakistan. [4] [5] From the year 1980-81, the government decided to remove the monopoly of TCP on imports of the country. [6]
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The entity then imported Iron and steel products for local consumption. [5] It was started in 1950 as Mughal Traders imported Iron and steel products. [4] In 2008, Mughal acquired the plant and machinery of Al-Bashir Steel Industries. [6] In 2010, Mughal was incorporated as Mughal Iron & Steel Industries Limited. [6]
Carbon steel is a steel with carbon content from about 0.05 up to 2.1 percent by weight. The definition of carbon steel from the American Iron and Steel Institute (AISI) states: no minimum content is specified or required for chromium , cobalt , molybdenum , nickel , niobium , titanium , tungsten , vanadium , zirconium , or any other element to ...