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Govt may wind up NPPMCL

Minister irked by roadblocks in PSM sell-off

Business May 20, 2021 ISLAMABAD: Minister for Privatization Mohammedmian Soomro on Wednesday expressed serious concerns over the delay in resolving issues related to Pakistan Steel Mills (PSM) privatisation. In a weekly meeting, Soomro said the issues should be taken up with ministry of industries. Revival of PSMC would be a great boost for the economy, he said. It was decided that the decision regarding the divestment of the shares of Oil and Gas Development Company (OGDCL) and Pakistan Petroleum Limited (PPL) will be finalised after the meeting of Cabinet Committee on Privatisation (CCoP). The CCOP meeting that was scheduled on Wednesday was postponed.

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