Tag: Pakistan

95 percent of the old scrap is recycled and reused With the revival of work in Gaddani shipyard in Balochistan, the shipbreaking industry has been currently meeting 70 percent iron and steel requirements of the country, claims a report on Wednesday.With the increase in activity at the Gaddani shipyard, the number of people employed there has raised to 12,000, said Engineering Development Board reported (EDB) report quoting Pakistan Ship Breaking Association.The shipbreaking activity at Gaddani Shipyard has broken last 12 years recorded with more than 50 big ships being hammered currently, report added.It said that 95 percent of the old scrap is recycled and reused, adding that the shipyard industry meets country's demand for steel, steel-related products and non-ferrous products and machinery.Pakistan Steel Mills has not been working on its full capacity and cannot fulfill the country's requirements, so iron and steel obtained from the shipbreaking helps meet the demand, report said.Karachi Iron and Steel Merchants Association said that currently Gaddani shipbreaking is making most of the requirement of re-rolling mills. About 20 percent requirement is fulfilled by imports from Ukraine, Turkey and former Soviet countries and by Pakistan steel.But material supplied by shipbreakers is much cheaper than that sold ...

Deadline of 10 days to the government The All-Pakistan Oil Tankers Association( APOTA) has given a deadline of 10 days to the government to either withdraw the recent fuel price hike or increase fares reasonably.otherwise thousands of oil tankers would observe strike by blocking off the installations of all oil marketing companies.Chairman APOTA Haji Akran Durrani, during a press conference, threatened the government that fuel supply to ships, aeroplanes and petroleum stations would completely be stopped as a mark of protest. He said due to huge increase in diesel prices and the high inflation level, it had become impossible to run oil tankers. He said countrywide protests were being observed but the government was least bothered.Durrani added the government even did not pay the compensation of 110 oil tankers which were burnt at the time of the assassination of former prime minister Benazir Bhutto.He alleged that the traffic police, the special police and the personnel of excise department had made the lives of transporters miserable by demanding extortion money day and night and by adopting bullying tactics in areas of Interior Sindh like Jacobabad and Shikarpur.On the other hand, he said, the government had failed to provide security to the ...