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اردو

Jun 04, 2026 اردو

Print Edition BR Markets Dollar to PKR

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Business & Finance Print edition: 2025-06-21

Steel sector concerned at massive tariff rationalisation

Published June 21, 2025 Updated June 21, 2025 06:06am

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By Sohail Sarfraz

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ISLAMABAD: The documented steel sector Friday expressed serious concern over massive tariff rationalization in budget (2025-26) which would result in total closure of the domestic steel industry.

Addressing a press conference on Friday, Abbas Akberali Patron in Chief, Pakistan Association of Large Steel Producers and Chairman Amreli Steels; Javed Iqbal Malik Chairman PLASP / CEO Karachi Steels, Ilyas Aziz Malik V. Chairman PALSP / Chairman Fazal Steels shared their views on Finance Bill (2025-26).

They said after passing through the most difficult period of history, a few measures taken by the Govt recently have provided little bit relief to the steel industry. It includes reduction in cost of electricity, and reduction in interest rates.

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Currency	Rate
USD PKR Interbank Selling / Jun 3	278.65
USD PKR Interbank Buying / Jun 3	278.45
USD to Japanese Yen / Jun 4	159.92
USD to Swiss Franc / Jun 4	0.79
Pound Sterling to USD / Jun 4	1.34
Euro to USD / Jun 4	1.16
SOFR % / Jun 3	3.63

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S&P 500 / Jun 3	7,553.68
Nasdaq / Jun 3	26,853.97
FTSE 100 / Jun 3	10,332.30
Dow Jones / Jun 3	50,687.07
Germany DAX 30 / Jun 3	24,795.94
France CAC40 / Jun 3	8,150.42
India Sensex / Jun 4	74,289.24
Tokyo Nikkei / Jun 4	67,399.25
Hang Seng / Jun 4	25,221.79

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Gold 10 Grams PKR / Jun 3	401,030
Petrol/Litre / Jun 4	381.78
Crude Oil USD/Barrel / Jun 4	95.52
Gold Spot USD/Ounce / Jun 4	4,475.32
Diesel/Litre / Jun 4	380.78
Cotton US¢/pound / Jun 4	80.34

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