Country needs eight steel mills to satisfy demand: Zahid Hussain.

Karachi -- President Pakistan Businessmen and Intellectuals Forum Mian Zahid Hussain on Friday said a massive quantity of iron ore is available in Sindh which should be exploited.

He said that Pakistan has vast natural resources which are awaiting exploitation while iron ore is available in Sindh, Balochistan and Khyber Pakhtunkhwa but we are spending over three billion dollars to import iron and steel.

Talking to the business community, the veteran business leader said large quantity or iron and steel is also smuggled into Pakistan from Iran and Afghanistan which can be stopped.

The former minister noted raw minerals are being exported to other countries which are sold at high prices by adding value to it as the business community is not inclined towards value addition.

He said that a stone known as yellow marble is available in Thatta, Sindh which is exported in raw form to China which can fetch good income if processed locally.

Recently, huge quantity of iron ore deposits have been found some 400...