"Management of Pakistan Steel is now working on self-reliance policy finding ways and utilising options for usage of imported raw material. About 0.65 million metric tons of local iron ore from Balochistan is utilised in Pakistan Steel till September 2011, which not only helped to increase the economic activity in Balochistan but also in improving the production activities of Pakistan Steel", said the spokesman of Pakistan Steel in his statement.
He said, "Pakistan Steel is trying to switch over as much as possible to indigenous (Pakistani) iron ore as fluctuating prices of imported iron ore and sometimes the rising costs of transportation by cargo ships led PS to hard situations. After comprehensive tests in the Pakistan Steel ISO certified laboratories, iron ore obtained from Balochistan is used by Pakistan Steel." He added that, "Pakistan Steel is not only depending on purchasing local iron ore but also purchased three iron ore mines lease in Balochistan, for which PS management has formed separate departments of Captive Mining under supervision of PS senior Engineer Qaiser Saleem and an Indeginisation Department, which are working on these mines, to bring out the deposits its of iron ore."
Moreover he said, "Iron ore from PS mines will cost about 50 percent less than imported iron ore price. The economic activity in this regard reaches to billions of rupees which directly provided job opportunities and gave strong support in Balochistan economy."-PR
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