ISLAMABAD: The Ministry of Industries and Production told the National Assembly on Wednesday that the total assets of Pakistan Steel Mills stand at Rs828,094 million.
The NA was further told that out of the total assets, non-current assets amount to Rs813,548 million, while net assets were valued at Rs14,544 million.
The information was contained in a written reply by the Ministry of Industries and Production to a question from Khursheed Junejo. It further stated that the salary expenditure of Pakistan Steel Mills from July 2025 to January 2026 amounted to Rs261.81 million, while the electricity expenditure was Rs297.34 million.
The ministry also highlighted that Pakistan Steel Mills was suffering losses due to the supply of water to downstream industries and residential colonies (Gulshan-e-Hadeed Phase I & II). Pakistan Steel Mills has taken up the issue with the Karachi Water and Sewerage Corporation (KW&SC). Furthermore, after disconnection of gas supply on government instructions since July 2024, no expenditure is being incurred on gas supply.
Meanwhile, Minister for National Food Security and Research, Rana Tanveer Hussain, placed in the NA the Interim National Wheat Policy (INWP) 2025-26, developed after consultation with all the provinces and federal cabinet’s approval. Outlining its salient features, the policy highlighted replacement of public sector wheat procurement with private sector-led procurement of 6.25 million metric tonnes (MMT) by federal and provincial governments. The procurement price is now linked to the import parity prices of wheat, with free trade and movement of wheat across the country. This enables provincial flexibility in designing social protection measures for the poor.
During the Rabi season 2025-26, the area under wheat cultivation increased to 23.17 million acres, reflecting a rise of 2.89% compared to 22.52 million acres sown during 2024-25.
As a result of the expanded cultivated area, wheat production in 2026 is expected to increase by approximately 3.24% compared to 2025 production levels. Due to the timely availability of certified wheat seed and fertilisers, improvements in both wheat acreage and production have been observed.
