KARACHI (INP): Mega Ocean carrying 55,000 metric tonnes of Metallurgical Coal from Australia berthed at Pakistan Steel Mills Jetty, Port Qasim on Friday. Another ship Mega Lohori, carrying 55,000mt of Metallurgical Coal from Australia has also reached at the outer anchorage of Port Qasim.
It is pertinent to mention here that this is the first shipment of 110,000mt of Metallurgical Coal to be received by PSM with the help of Rs. 4.2 billion out of the approved financial restructuring package of Rs18.5 billion from the Government of Pakistan.
It is also pertinent to mention here that one more iron ore L/C for 50,000 metric tonnes will be opened on Monday, 7th July 2014.
A spokesman for the PSM said workers and staff are working hard for the revival of this national asset under the leadership of Chief Executive Officer Zaheer Ahmed Khan. The arrived raw material will help increase the production level to 20pc in July and 77pc by January 2015.
