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Privatization committee discusses revival of Pakistan Steel Mill

Privatization committee discusses revival of Pakistan Steel Mill
dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.

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Privatization committe mulls over ways to revive steel mills, other entities

Privatization committe mulls over ways to revive steel mills, other entities
arynews.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arynews.tv Daily Mail and Mail on Sunday newspapers.

Imran Khan , Mohammedmian Soomro , Ministry Of Industries , Privatisation Commission , National Export Development Board , Pakistan Steel Mills Corporation , Exchange Commission Of Pakistan , Ministry Of Industry , Pakistan Steel Mill , Pakistan Steel Mills , National Export Development , Exchange Commission , இம்ரான் காந் , அமைச்சகம் ஆஃப் தொழில்கள் , தேசிய ஏற்றுமதி வளர்ச்சி பலகை , பாக்கிஸ்தான் எஃகு ஆலைகள் நிறுவனம் , பரிமாற்றம் தரகு ஆஃப் பாக்கிஸ்தான் , அமைச்சகம் ஆஃப் தொழில் , பாக்கிஸ்தான் எஃகு ஆலை , பாக்கிஸ்தான் எஃகு ஆலைகள் , தேசிய ஏற்றுமதி வளர்ச்சி , பரிமாற்றம் தரகு ,

'Privatisation of Heavy Electrical Complex, Jinnah Convention by yearend'

‘Privatisation of Heavy Electrical Complex, Jinnah Convention by yearend’
July 8, 2021
ISLAMABAD: Privatisation transactions of Heavy Electrical Complex and Jinnah Convention Center are expected to complete by the end of this year, a meeting was told on Wednesday.
Presiding over the meeting, Minister for Privatisation Mohammedmian Soomro said on Wednesday the focus is on the timely completion of the transactions, which were already extended due to the COVID-19 pandemic.
“We are resolved to compress the timelines for the transaction completion of the identified entities and putting an all-out effort to improve the efficiency of these public sector entities on the one hand and reduce the fiscal burden on the economy on the other,” Soomro said. ....

International Hotel , Mohammedmian Soomro , National Power Parks Management Company Limited , Jinnah Convention Center , Pakistan Steel Mills Corporation , Services International Hotel , House Building Finance Corporation , First Women Bank , Heavy Electrical Complex , Privatisation Mohammedmian Soomro , State Bank , Nandipur Power Plant , Guddu Power Plant , சர்வதேச ஹோட்டல் , தேசிய பவர் பூங்காக்கள் மேலாண்மை நிறுவனம் வரையறுக்கப்பட்டவை , ஜின்னா மாநாடு மையம் , பாக்கிஸ்தான் எஃகு ஆலைகள் நிறுவனம் , சேவைகள் சர்வதேச ஹோட்டல் , வீடு கட்டிடம் நிதி நிறுவனம் , முதல் பெண்கள் வங்கி , கனமான மின் சிக்கலான , நிலை வங்கி , நந்திபூர் பவர் ஆலை , கூட்டு பவர் ஆலை ,

PSM's core assets to be leased to newly formed entity

PSM’s core assets to be leased to newly formed entity
SC seeks revival plan on country’s biggest industrial complex within two weeks
The tariff commission said the injury to PSM was caused by factors other than dumping such as over-employment, unavailability of gas and energy, extraordinary high production cost and operating expenses. PHOTO: FILE
ISLAMABAD:
The Privatisation Commission (PC) has prepared a plan for the revival of country’s biggest industrial complex – the Pakistan Steel Mills (PSM).
A senior official in the PC disclosed that under the approved transaction structure, core operating assets include steel mills plant and machinery, coke oven, by-product plan, sintering plant, iron making department, steel making plant, billet mill, gold rolling mill, galvanizing plant, gold formed section, refractory plant and oxygen plant. ....

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SC urged to declare removal of 9,000 PSM employees illegal - Pakistan

The recent retrenchment, sacking and removal of about 9,350 employees of the Pakistan Steel Mills Corporation (Pvt) Ltd landed in the Supreme Court on Tuesday. Photo courtesy SC website/File
ISLAMABAD: The recent retrenchment, sacking and removal of about 9,350 employees of the Pakistan Steel Mills Corporation (Pvt) Ltd landed in the Supreme Court on Tuesday when its workers’ union urged the court to declare the terminations illegal.
The petition, instituted by senior counsel Rasheed A. Razvi on behalf of the Pakistan Steel Peoples Workers’ Union, requested the apex court to strike down these sackings after declaring the same a violation of the fundamental rights of workers. ....

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