Pakistan Steel Mills Privatization

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  • Pakistan Steel Mills Wikipedia
    OverviewHistoryDividends and business assetsHeadquarters and production expansionEnvironmental recordsPrivatization of steel millsPakistan Steel Mills Corporation Limited, also known as Pak Steels, is a producer of long rolled steel and heavy metal products and entities in the country. Headquartered in Karachi, Sindh Province of Pakistan, the PSM is the current largest industrial mega-corporation, having a production capacity of 1.1–5.0 million tonnes of steel and iron foundries. Built with the contributions of the Soviet Union in the 1970s, it is the largest industrial mega-corporation comp
  • Pakistan Steel Mills is a nightmare: Privatisation

    Pakistan Steel Mills is a nightmare: Privatisation Commission chairman Mohamm­ad Zubair says findin­g potent­ial buyer for Pakist­an Steel will not be an easy job By Web Desk

  • The demise of Pakistan Steel Mills Herald

    2018-12-10· By July 2, 1968, reads an entry on the Pakistan Steel Mills’ website, “Pakistan Steel Mills Corporation was set up as a company in the public sector in accordance [with] the Companies Act of 1913, with the objective to establish and run steel mills [in] Karachi and other parts of Pakistan.”

  • Pakistan steel industry will meet future demand The

    Ismat Sabir. It has not yet been decided to privatization to Pakistan Steel Mills revived it. The Prime Minister’s Advisor on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood said that a case of PSM is already with the National Accountability Bureau (NAB).

  • Privatisation in Pakistan Wikipedia

    The Supreme Court halted the privatization of Pakistan Steel Mills after transferring the inquiry from FIA to NAB, while issued standing orders to keep the Steel Mills under the nationalization programme. The proceedings and Supreme Court's decision initially halted Aziz's intensified and aggressive privatization programme at the end days of his tenure. Public perception. The privatization

  • pakistan steel mills Pakistan Today

    2019-11-01· The State Bank of Pakistan (SBP) has also expressed support to the proposed privatisation of the Pakistan Steel Mills (PSM) that is currently facing deficit of billions of rupees. As per SBP,

  • Pakistan Steel Mills vs the Economy The Express Tribune

    Pakistan’s fiscal debt went through the roof long before the privatisation transaction of the steel mills and still nobody thought to question the economic viability of not privatising such a

  • Pakistan Steel, PIA, OGDCL to be privatised by June

    2017-01-19· Talking to Dawn, he described 2017 as a ‘strong year for privatisation’. In addition to Pakistan Steel Mills (PSM), the government has decided to complete the transactions of Pakistan

  • Pakistan Steel Mills to be revived through Public Private

    2019-04-10· April 10, 2019: The government has decided in principle that Pakistan Steel Mills (PSM) would not be privatized and efforts would be made to make it profitable by bringing some structural reforms in the organization, official sources said. “PSM would not be privatized rather it would be run on Public-Private Partnership (PPP) basis to make it a profit-making institution.”

  • Chinese firm expresses interest in Pakistan Steel Mills

    2016-10-21· A Chinese firm has expressed interested in the sale of Pakistan Steel Mills (PSM) as the PML-N speeds up the privatisation process on the back of International Monetary Fund reservations over the

  • Pakistan Steel Mills rolled back to privatisation list

    Pakistan Steel Mills (PSM) would soon be placed on the privatization list. Pakistan Tehreek-e-Insaf (PTI) government decided this during a meeting of the Economic Coordination Committee held on

  • Pakistan Steel Mills History, Employees, Housing

    2019-06-20· The Pakistan Steel Mills Problem Pakistan Steel Mills (PSM) is the biggest white elephant this country possesses, on par with the Pakistan International Airlines (PIA) but at least the airline is fully operational. PSM is stuck in a perpetual loop of mounting dues, defaulted debts and unpaid employees currently at Rs415bn, including Rs166bn

  • Government Decides to Privatize Pakistan Steel Mills

    2019-05-09· The government has decided to privatize Pakistan Steel Mills (PSM). The decision has made in a meeting of the Economic Coordination Committee (ECC) held earlier this

  • Govt approves 30-year lease plan for Pakistan Steel Mills

    ISLAMABAD: Privatisation Commission on Tuesday approved a 30-year lease structure for loss-making Pakistan Steel Mills under which at least 7,500 of the 12,500 employees would be laid off, its

  • Govt not considering privatising Pakistan Steel Mills, NA

    2019-05-02· ISLAMABAD: Minister of State for Parliamentary Affairs Ali Muhammad Khan on Thursday informed the National Assembly that the government was not considering privatising the Pakistan Steel Mills (PSM). During question hour in the House, the minister said that PSM is a national asset of the country like other institutions including Pakistan Railways, Radio Pakistan, Pakistan International []

  • Accounting signifiers, political discourse, popular

    Using the privatization of Pakistan Steel Mills (PSM) as an empirical site and drawing on Laclau and Mouffe’s (1985) discourse theory, this paper traces the discursive struggle between two discourses on the valuation and privatization of PSM.

  • Pakistan will not privatize Pakistan Steel Mill

    The Dawn reported that in its first meeting under the PTI-led government, the Board of Privatisation Commission on Tuesday decided to slash the list of entities on the privatization agenda

  • Govt decided to revive Pakistan Steel Mills via public

    The economic decision-making body had put the steel mill on privatization list. However, the government has started the process of reviving the steel mill through public-private partnership again. Pakistan Steel Mills is non-operational since 2015 but Rs 400 million is still being spent on monthly salaries. “An expert is being delegated for

  • Pakistan Steel Mills Will Not Be Privatized, Declares ECC

    2018-11-07· Pakistan Steel Mills Will Not Be Privatized, Declares ECC On Wednesday, the Economic Coordination Committee (ECC) approved the the Board of Privatisation Commission's decision to dissolve the decision of privatizing Pakistan Steel Mills (PSM).

  • Steel Mill employees block Karachi-Thatta National Highway

    Demonstrators blocked the National Highway in Karachi Monday morning for a short time to protest against the privatization of the Pakistan Steel Mills. The protesters were current and retired

  • PAKISTAN STEEL :: Largest Industrial Complex of Pakistan

    The Pakistan Steel Mills, PSM, is the state-owned producer of long rolled steel and heavy iron products in Karachi, Sindh Province of Pakistan. The Pakistan Ste el Mill is the country's largest industrial undertaking having a production capacity of 1.1 million tonnes of steel.

  • Pak Steel Mills to Privatize-25 Oct 2014 video dailymotion

    2014-10-25· Pakistan Steel Mills privatization under consideration, govt. Do you want to remove all your recent searches? All recent searches will be deleted

  • JI wants bailout, not privatisation for Pakistan Steel Mills

    2013-07-14· The Pakistan Steel Labour Organisation Union General Secretary Zafar Khan apprised JI leadership of the issues facing Pakistan Steel Mills. He said that former ruling regimes had tainted this great organisation with corruption and nepotism. Efforts to pave the way for privatisation

  • Privatization commission pondering setting up SPV for PSM

    2017-12-25· ISLAMABAD: With Pakistan Steel Mills liabilities swelling to Rs188 billion, the Privatization Commission is pondering to launch a special purpose vehicle (SPV) for their settlement, which could help restart operations on halted units. This plan was formulated during a recent PSM board meeting held in Karachi which brought up different issues being faced by the []

  • Govt Sets New Deadline for PIA & Pakistan Steel Mills

    2016-10-14· New deadlines have been set for the privatization of Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM), government official revealed. The government signaled its plans to

  • Pakistan Steel Mills to be privatised by PC

    ISLAMABAD (APP): The Sub-committee of Public Accounts Committee ( PAC) on Wednesday was informed that the Cabinet Committee on Privatization (CCoP) has directed Privatization Commission (PC) to again initiate privatization process of Pakistan Steel Mills

  • Reviving the Pakistan Steel Mills Pakistan Defence

    2010-12-28· The Ministry of Privatization to embark upon this proposal in collaboration with the relevant Ministries and Pakistan Steel Mills. The Pakistan steel mill is Pakistan s largest industrial complex. The plan for the steel mill was created in 1968 by President Ayub Khan, but it was really the work of Zulfiqar Ali Butto s visit to the USSR in 1972

  • Pakistan: Nationwide demonstrations against the

    2005-12-21· The workers of Pakistan Steel Mills entered a new phase of the “War against Privatization” on Sunday December 18, 2005. The PTUDC called for National Day of Action as part of the anti-privatization struggle of the Pakistani working class. The workers of Pakistan Steel Mills entered a new phase

  • Prime Minister Imran Khan chaired Ministry of

    Prime Minister Imran Khan chaired meeting on rehabilitation of Pakistan Steel Mills attended by Federal Minister for Privatisation Mohammedmian Soomro, SAPM on Commerce Abdul Razak Dawood and Secretary Privatisation. The Prime Minister was briefed about the Government's efforts to revive PSM and the interest shown by Chinese and Russian

  • privatization Pakistan Today

    ISLAMABAD: Minister of State for Parliamentary Affairs Ali Muhammad Khan on Thursday informed the National Assembly that the government was not considering privatising the Pakistan Steel Mills (PSM).