09
Aug
14:52
China to set up steel plant in Pakistan
China's Fuzhou Julitaihe International Company-owned Century Steel will invest $50 million to set up a 250,000 tonnes/year capacity steel plant in the Rashakai Special Economic Zone (SEZ) in Pakistan.
The project is expected to consume 45MW of electricity and employ 1,000 workers directly and indirectly. The SEZ committee has allocated 40 acres to Century Steel Ltd, Kallanish notes.
The Rashakai SEZ is the first joint industrial project between China and Pak…
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