10
Mar
14:36
Pakistan's ISL to increase CRC capacity
International Steels Limited (ISL)’s board has approved a PKR 1.235 billion ($7.9 million) investment into expanding cold rolled coil capacity by 120,000 tonnes/year.
Financing will come from a Temporary Economic Refinance Facility (TERF) and Long-Term Financing Facility (LTFF) offered by State Bank of Pakistan. The project is expected to be completed by August 2022.
The firm has also appointed Amjad Waheed as chairman. He is chief executive of NBP Fund Man…
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