Pakistan’s Daily Times reported that Pakistan Steel Mills Corporation recorded the highest ever sales figure of PKR 9.301 billion during July to September 2007 quarter. The sales recorded for this quarter is higher than the budgeted target of PKR 9.282 billion and the sales record is bettered three times in this calendar year.

The sales for the first quarter was recorded at PKR 8.615 billion and in the second quarter it rose to PKR 8.891 billion and now for the first time in the history of sales the figure has surpassed PKR 9 billion mark.

Pakistan Steel Mills Corporation said that this sustained continuous growth in sales is being attributed to efficient and highly vigilant management.

The sales target for the current financial year 2007-08 has been fixed at PKR 36 billion which is already higher by 20% than the all time sales of PKR 30 billion recorded during 2006-07.