Islamabad: In a significant development for Pakistan’s steel industry, a high-level meeting chaired by Mr. Haroon Akhtar Khan, the Special Assistant to the Prime Minister on Industries and Production, underscored the government’s commitment to addressing the challenges faced by steel manufacturers. The meeting, attended by a delegation of leading steel producers, focused on strategies to rejuvenate this crucial sector.

Mr. Khan acknowledged the steel industry’s potential and assured manufacturers that their core challenges are being prioritized. He emphasized that Prime Minister Shehbaz Sharif is dedicated to ensuring the nation’s prosperity, with the revival of the steel industry playing a key role in the broader industrial strategy.

Key initiatives discussed included the revival of sick industrial units, the enactment of bankruptcy laws, and the protection of investor interests. Mr. Khan highlighted that these measures align with the Prime Minister’s vision and will be reflected in the upcoming budget proposals, specifically targeting the support and development of the steel sector.

The steel manufacturers’ delegation expressed their readiness to contribute to national progress, contingent on government support. They conveyed optimism that with the government’s assistance, the industry could make a robust recovery.

Mr. Khan reiterated the government’s serious commitment to promoting the steel industry and assured stakeholders that resolving sectoral challenges remains a top priority.