Four people including three policemen were arrested for stealing copper wire from Pakistan Steel Mills in Karachi, a private TV channel reported on Wednesday.
According to police, the three cops were posted at Steel Town police station and were involved in stealing copper wire from the Steel Mills.
Police constable Muhammad Ali Arshad, Abdul Ghafoor, Saqib Nazir, and private person Bilal were involved in the theft and they were all arrested, the police said.
A case has been registered against all the involved police personnel and further investigation was underway, said the police.
The Pakistan Steel Mills (PSM) in Karachi holds a significant place in the industrial history of Pakistan. Established in the 1970s with the assistance of the Soviet Union, PSM was envisioned as a cornerstone of the country’s economic development, aimed at reducing dependence on imported steel. Over the years, it played a crucial role in supporting various industries and contributing to the nation’s infrastructure.
The mill’s current situation is one of uncertainty and challenges. Persistent financial difficulties have resulted in operational setbacks, affecting the production capacity and overall performance. Privatization efforts have been considered, but progress has been slow due to various factors, including political considerations and the complexity of the restructuring process.
