Synopsis: CEO Zaigham Adil Rizvi and a steel industry delegation met with Federal Minister Dr. Gohar Ejaz to address challenges in Pakistan's steel sector. Dr. Ejaz reaffirmed the government's commitment to support the industry, emphasizing local sourcing of raw materials and enhancing competitiveness in exports. Notably, the focus shifted to business-to-business trade, reducing reliance on subsidies. Energy affordability and tariffs on imported steel were also discussed as avenues for industry growth, aligning with the government's self-sufficiency vision., reports The National.ArticleIn a significant development for Pakistan's industrial landscape, CEO Zaigham Adil Rizvi, representing National Steel, led a delegation from the steel industry to meet with Federal Minister for Commerce, Industries & Production, Dr. Gohar Ejaz. The aim was to address and find solutions to the challenges hindering the growth of this vital sector.During this crucial meeting, Minister Dr. Gohar Ejaz reiterated the government's steadfast commitment to supporting the steel industry and ensuring its robust growth. He stated, "I will assist you in identifying marketplace solutions for the issues you face." The minister placed great importance on sourcing raw materials locally, highlighting its potential to alleviate the financial burden on the national exchequer and foster self-reliance within the steel industry.Dr. Ejaz went on to emphasize the necessity of value addition across all sectors, outlining strategic plans to enhance the competitiveness of Pakistan's exports. "We are dedicated to making our exports highly competitive, with a focus on sectors where Pakistan possesses a comparative advantage," he affirmed. Furthermore, he pledged to explore new export markets, a move intended to stimulate growth within the steel industry.One notable highlight of this meeting was the commitment to promote business-to-business (B2B) trade within the steel sector. Minister Dr. Ejaz assured the delegation that facilitating growth through B2B interactions with other countries would eliminate the need for subsidies or preferential taxation, thereby fostering self-sustained growth.Representatives from the steel industry underscored the critical role of affordable energy in their operations. Minister Dr. Ejaz responded with optimism, assuring the delegation of his close cooperation with the Minister for Energy to effectively address this concern. In the context of safeguarding local industries, the commerce minister also discussed the possibility of tariffs on imported steel products, demonstrating a willingness to explore this avenue.Minister Dr. Gohar Ejaz firmly asserted that the path forward for the steel industry, as well as other sectors in Pakistan, lies in relying on indigenous raw materials. This aligns with the government's broader vision of self-sufficiency and economic growth, marking a significant step toward realizing this ambitious goal.ConclusionFederal Minister Dr. Gohar Ejaz's assurance of unwavering government support for the steel industry signals a promising future for this critical sector. The commitment to sourcing raw materials locally and enhancing competitiveness in exports reflects a strategic approach aligned with Pakistan's growth objectives. The emphasis on business-to-business trade, affordability of energy, and the possibility of tariffs on imports all contribute to a holistic strategy aimed at fostering self-sustained growth. As Pakistan moves towards economic self-sufficiency, the steel industry's pivotal role in this journey cannot be understated.
Synopsis: CEO Zaigham Adil Rizvi and a steel industry delegation met with Federal Minister Dr. Gohar Ejaz to address challenges in Pakistan's steel sector. Dr. Ejaz reaffirmed the government's commitment to support the industry, emphasizing local sourcing of raw materials and enhancing competitiveness in exports. Notably, the focus shifted to business-to-business trade, reducing reliance on subsidies. Energy affordability and tariffs on imported steel were also discussed as avenues for industry growth, aligning with the government's self-sufficiency vision., reports The National.ArticleIn a significant development for Pakistan's industrial landscape, CEO Zaigham Adil Rizvi, representing National Steel, led a delegation from the steel industry to meet with Federal Minister for Commerce, Industries & Production, Dr. Gohar Ejaz. The aim was to address and find solutions to the challenges hindering the growth of this vital sector.During this crucial meeting, Minister Dr. Gohar Ejaz reiterated the government's steadfast commitment to supporting the steel industry and ensuring its robust growth. He stated, "I will assist you in identifying marketplace solutions for the issues you face." The minister placed great importance on sourcing raw materials locally, highlighting its potential to alleviate the financial burden on the national exchequer and foster self-reliance within the steel industry.Dr. Ejaz went on to emphasize the necessity of value addition across all sectors, outlining strategic plans to enhance the competitiveness of Pakistan's exports. "We are dedicated to making our exports highly competitive, with a focus on sectors where Pakistan possesses a comparative advantage," he affirmed. Furthermore, he pledged to explore new export markets, a move intended to stimulate growth within the steel industry.One notable highlight of this meeting was the commitment to promote business-to-business (B2B) trade within the steel sector. Minister Dr. Ejaz assured the delegation that facilitating growth through B2B interactions with other countries would eliminate the need for subsidies or preferential taxation, thereby fostering self-sustained growth.Representatives from the steel industry underscored the critical role of affordable energy in their operations. Minister Dr. Ejaz responded with optimism, assuring the delegation of his close cooperation with the Minister for Energy to effectively address this concern. In the context of safeguarding local industries, the commerce minister also discussed the possibility of tariffs on imported steel products, demonstrating a willingness to explore this avenue.Minister Dr. Gohar Ejaz firmly asserted that the path forward for the steel industry, as well as other sectors in Pakistan, lies in relying on indigenous raw materials. This aligns with the government's broader vision of self-sufficiency and economic growth, marking a significant step toward realizing this ambitious goal.ConclusionFederal Minister Dr. Gohar Ejaz's assurance of unwavering government support for the steel industry signals a promising future for this critical sector. The commitment to sourcing raw materials locally and enhancing competitiveness in exports reflects a strategic approach aligned with Pakistan's growth objectives. The emphasis on business-to-business trade, affordability of energy, and the possibility of tariffs on imports all contribute to a holistic strategy aimed at fostering self-sustained growth. As Pakistan moves towards economic self-sufficiency, the steel industry's pivotal role in this journey cannot be understated.
