Lahore—While expressing a grave concern on complete shutdown of Pakistan Steel Mills (PSM), Executive Committee Member of the Lahore Chamber of Commerce & Industry Raja Adeel Ashfaq has urged the Punjab government to establish “Punjab Steel Mills” at provincial level and use Rajwana iron reserves as raw material. In a statement issued here, Raja Adeel Ashfaq lamented on closer of Pakistan Steel Mills and termed it a national loss. He said that at present precious foreign exchange is being spent on annual import of 1.5 to 2 million tones hot rolled, cold rold and galvanized steel.
Raja Adeel Ashfaq said that establishment of “Punjab Steel Mills” with the help of Rajwana iron reserves would give oxygen to the national economy. He said that Secretary Mineral Development Dr. Arshad Mehmood is a visionary personality and has the ability make this dream true.