A delegation comprising Zaigham Adil Rizvi and Young Ho Yoo calls on Finance Minister

Islamabad, May 16, 2014 (PPI-OT): A delegation comprising Mr. Zaigham Adil Rizvi, Chief Operating Officer Tuwairqi Steel Mills Limited and Mr. Young Ho Yoo President POSCO called on the Finance Minister Senator Ishaq Dar at the Finance Ministry today to discuss issues related to their plant at Port Qasim.

Mr. Young informed the Finance Minister that ESML is a state of art direct reduction of iron (DRI) plant set up at Port Qasim Karachi in January 2013. It is based on world’s most advanced technology and has a capacity of 1.28 MTPY. The current investment in the plant is around US $ 340 million. The future objective of the company is to enhance this investment to around US $ 1.2 billion.

The Finance Minister was further informed that the plant is not in operation since September 2014 due to various reasons. The Finance Minister assured the delegation that the Ministry of Industries and FBR will consider their issues sympathetically in order to facilitate FDI in Pakistan.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

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The post A delegation comprising Zaigham Adil Rizvi and Young Ho Yoo calls on Finance Minister appeared first on AsiaNet-Pakistan.

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