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PSM to allow commercial use of its jetty

PSM to allow commercial use of its jetty

KARACHI: Pakistan Steel Mills (PSM) is ready to allow commercial utilisation of its jetty, Iron Ore and Coal Berth (IOCB), after getting formal approval from the Ministry of Ports and Shipping and Federal Board of Revenue, sources said.

They said that the commercial utilisation of PSM’s jetty had been under consideration of the Ministry of Industries and Production for quite a while. The Ministry has directed the PSM management to constitute a committee to examine the possibility of commercial utilisation of surplus unloading capacity of IOCB as well as to develop tender documents for competitive bidding in this regard.

Sources said that Pakistan Steel’s jetty had been obtained from Port Qasim Authority for exclusive use to unload imported basic raw materials from ships like iron ore and coal required for its operational needs.