Current annual steel production and capacity of Pakistan Steel Mills (PSM) Karachi will be expanded to cater needs of the country and an ambitious plan has been chalked out to further augment its capacity from I to 3 million tonnes.
The expansion project will be completed in two years. PSM will itself bear the expenses. It will help in fulfilling country's growing steel demands, Minister for Industries and Production Jehangir Khan Tareen told PTV.
Currently, steel consumption of Pakistan is about 4 million tonnes per annum.
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