pakistan steel mills

Govt begins roadshows for PSM’s privatization

ISLAMABAD: The government has started roadshows for potential investors for the privatization of Pakistan Steel Mills (PSM) in Islamabad. Federal Minister for Privatisation Mohammedmian Soomro initiated the activity of roadshows for the revival of Pakistan Steel Mills. Federal Secretary, senior

Govt invites EoIs for Pakistan Steel Mills shares

ISLAMABAD: The government has invited Expressions of Interest (EoIs) from those interested in buying shares of Pakistan Steel Mills. The applications will be received by the Privatisation Commission from prospective investors to acquire at least 51 percent or up to

Pakistan Steel Mills terminates another 500 employees

KARACHI: The Pakistan Steel Mills has dismissed another 500 employees including the services of a number of officers falling in seven categories. In November 2020, the PSM laid off over 4,500 employees making up about 49 percent of workers and

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.

Plea filed in SHC over PSM privatization

KARACHI: A petition has been filed against the privatization of Pakistan Steel Mills (PSM) in the Sindh High Court (SHC) today. The petitioner Asim Bhatti, president PSM Labour Union has made the federal government and ministry of Production respondent in

SC to hear Pakistan Steel Mills case on June 9

ISLAMABAD: The Supreme Court has set the date to hear the Pakistan Steel Mills case on 9th June. A three-member bench headed by the Chief Justice of Pakistan, Justice Gulzar Ahmed will take up the case. Justice Ijazul Ahasan and

Govt has decided to privatize PSM: Hammad Azhar tells Senate

ISLAMABAD: The Senate was informed on Friday that said the government has decided to privatize the core operations to revive the loss-making Pakistan Steel Mills. Minister for Industries and Production Hammad Azhar informed the house that the losses of state-owned

ECC approves firing all employees of Pakistan Steel Mills

ISLAMABAD: The Economic Coordination Committee (ECC) today (Wednesday) has approved firing all employees of Pakistan Steel Mills. The decision was taken in the ECC meeting chaired by Advisor to Prime Minister on Finance Abdul Hafeez Sheikh. “The Mills haven’t been

Revival of Pakistan Steel Mills top priority of govt, says PM

ISLAMABAD: Prime Minister Imran Khan on Friday said the government is making every possible effort to revive the Pakistan Steel Mills and making it a profitable organisation. While chairing a meeting regarding revival of Pakistan Steel Mills, the prime minister