{"id":92888,"date":"2023-03-09T15:08:09","date_gmt":"2023-03-09T10:08:09","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=92888"},"modified":"2023-03-09T15:08:10","modified_gmt":"2023-03-09T10:08:10","slug":"edb-lcs-steel-scrap-imports","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/edb-lcs-steel-scrap-imports.html","title":{"rendered":"EDB urges govt to open LCs for steel scrap imports"},"content":{"rendered":"\n<p>Islamabad: The Engineering Development Board (EDB) has requested the Ministry of Industries and Production to allow the opening of Letters of Credit (LC)\u2019s for the import of steel scrap and provide priority to the steel industry, a news source reported on March 8.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/abad-withdraw-duties-steel-scrap.html\" target=\"_blank\" rel=\"noreferrer noopener\">ABAD urges govt to withdraw duties on steel scrap\u00a0<\/a><\/p>\n\n\n\n<p>The EDB requested the Ministry of Industries and Production to declare steel scrap as an essential item for the steel industry. According to the EDB, the import of any type of raw material, not available locally, should not be restricted at the import stage to provide a level playing field to the local manufacturing industry.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/plspa-quality-standards-steel.html\" target=\"_blank\" rel=\"noreferrer noopener\">PLSPA urges govt to enforce quality standards in steel products<\/a><\/p>\n\n\n\n<p>Reportedly, the board highlighted that steel products are widely used by the construction industry and are essential for construction. The local manufacturers of steel rebar import steel scrap to provide steel products to the construction sector. Hence, the <a href=\"https:\/\/www.zameen.com\/news\/steel-industry-sbp-lcs-issues.html\" target=\"_blank\" rel=\"noreferrer noopener\">opening of LCs<\/a> for the import of steel scrap is favourable for both industries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Engineering Development Board (EDB) has requested the Ministry of Industries and Production to allow the opening of Letters of Credit (LC)\u2019s for the import of steel scrap and provide priority to the steel industry, a news source reported on March 8. Read: ABAD urges govt to withdraw duties on steel scrap\u00a0 The EDB requested the Ministry of Industries and Production to declare steel scrap as an essential item for the steel industry. According to the EDB, the import of any type of raw material, not available locally, should not be restricted at the import stage to provide a level playing field to the local manufacturing industry. Read: PLSPA urges govt to enforce quality standards in steel products Reportedly, the board highlighted that steel products are widely used by the construction industry and are essential for construction. The local manufacturers of steel rebar import steel scrap to provide steel products to the construction sector. Hence, the opening of LCs for the import of steel scrap is favourable for both industries.<\/p>\n","protected":false},"author":83,"featured_media":63768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013],"tags":[56668,45104],"persona":[],"class_list":{"0":"post-92888","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"tag-edb-urges-govt-to-open-lcs-for-steel-scrap-imports","9":"tag-steel-industry","10":"cat-15013-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EDB urges govt to open LCs for steel scrap imports- Zameen News<\/title>\n<meta name=\"description\" content=\"The Engineering Development Board (EDB) has requested the Ministry of Industries and Production to allow the opening of Letters of Credit....\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/edb-lcs-steel-scrap-imports.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EDB urges govt to open LCs for steel scrap imports- Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Engineering Development Board (EDB) has requested the Ministry of Industries and Production to allow the opening of Letters of Credit....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/edb-lcs-steel-scrap-imports.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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