Local steel exports thrive in Pakistan

(VOV) -Pakistan is heavily dependent upon steel imports from Vietnam to bridge the gap between domestic production and the nation’s demand a leading marketing agent and distributor in South Asia recently unveiled.

In addition to steel, importers are desirous of purchasing large quantities of cement, building materials and interior decorating items related to construction work in the country, said Amer Malik, director of the Olympias Pakistan Company.

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At the meeting with business leaders on May 26 in HCM City, Malik said the construction market in this country is vibrant thanks to foreign investment and contractors are pretty much relying on steel imports from Vietnam.

A Vietnam commercial counsellor in Pakistan said Vietnam’s exports to the Pakistani economy in the first two months of 2015 reached US$65.98 million, an increase of 131.66% compared with the same period a year ago.