PSM layoffs

The government has sacked over 4,500 employees of the Pakistan Steel Mills. The move is not entirely surprising as the federal government had announced to layoff over 9,300 employees of the loss-making industrial complex as part of a revival process.

Privatizing Steel Mills

The government has decided to privatize the Pakistan Steel Mills and dismiss over 9000 employees of the loss-making entity. We are once again witnessing a repeat of how efforts to revive or sell out the enterprise have been victim to

PSM production unit closed since sixty months

KARACHI: The Pakistan Steel Mills (PSM), the nation’s largest steel-producing entity with an annual production of over 1.1 million tonnes, has been completely shut since the past sixty months since 2015 with zero production. The national asset is the largest

CCP imposes Rs75 mn fine on PFMA for fixing flour prices

ISLAMABAD: The Competition Commission of Pakistan (CCP) on Monday imposed Rs 75 million penalty on the Pakistan Flour Mills Association (PFMA) for fixing the price of wheat flour and its quantities of production. According to a press release, the CCP