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Govt moving towards PSM revival: minister - Newspaper


ISLAMABAD: Minister for Privatisation Muhammadmian Soomro on Wednesday said the government was moving towards revival of Pakistan Steel Mills (PSM) in a transparent manner.
He was speaking at the weekly ministerial meeting chaired by Minister for Finance, Industries and Production Hammad Azhar. It was unanimously agreed that the work for the revival of PSM and resolution of related issues should be expedited.
The current status and progress besides probable timeline for the completion of the PSM transaction were discussed during the meeting. A new subsidiary will be formed that will run the steel mills.
The inter-ministerial meeting discussed the new subsidiary, carving out of key operating assets and core land including verification and fair market valuation of the plant and machinery, stock-in-trade, bifurcation and certification of key operating assets, completion of audit of financial statements for the period up to Dec 31, 2020. ....

Sui Southern Gas Company , Privatisation Muhammadmian Soomro , Pakistan Steel Mills , Production Hammad , ஸூயீ தெற்கு வாயு நிறுவனம் , பாக்கிஸ்தான் எஃகு ஆலைகள் , ப்ரொடக்ஶந் ஹம்மட் ,

ECC withdraws customs duty on cotton yarn imports


ECC withdraws customs duty on cotton yarn imports
Business
April 15, 2021
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday withdrew customs duty on import of cotton yarns and waived 66 percent take-or-pay commitment in power purchase and gas supply agreements for three public sector RLNG-based plants.
The decisions were taken during a meeting presided over by the Minister for Finance, Revenue, Industries and Production Hammad Azhar. The committee approved the withdrawal of customs duty to ensure smooth supply of cotton and cotton yarns to the value-added industry, while bridging the gap between domestic production and overall demand for the inputs. ....

Bahadur Shah , Madhya Pradesh , Kot Addu , Razak Dawood , Privatization Commission , Economic Coordination Committee , Pakistan Apparel Forum , Production Hammad , Prime Minister , Investment Razak Dawood , Jawed Bilwani , Quaide Azam Thermal Power Plant , Balloki Power Plant , Haveli Bahadur Shah Power , Kot Addu Power , Private Power , பகதூர் ஷா , மத்யா பிரதேஷ் , ர்யாஸக் தாவூத் , பொருளாதார ஒருங்கிணைப்பு குழு , பாக்கிஸ்தான் ஆடை மன்றம் , ப்ரொடக்ஶந் ஹம்மட் , ப்ரைம் அமைச்சர் , முதலீடு ர்யாஸக் தாவூத் , தாடை பில்வானி , ப்ரைவேட் பவர் ,

Govt approves hiring of private firms for SOEs' forensic audit


Govt approves hiring of private firms for SOEs’ forensic audit
Business
April 8, 2021
ISLAMABAD: The government on Wednesday approved hiring of private firms for forensic audit of Pakistan International Airlines (PIA) and other state-owned enterprises to find out causes of their losses and fix responsibilities.
The decision was taken during a meeting of the cabinet committee on state-owned enterprises, presided over Minister for Finance, Revenue, Industries and Production Hammad Azhar. Minister for Privatisation Mian Soomro, Adviser to the Prime Minister for Commerce Razak Dawood, Adviser to the Prime Minister for Institutional Reforms and Austerity Ishrat Hussain and Special Assistant to the Prime Minister on Revenue Waqar Masood also participated in the meeting. After due deliberation, the committee approved the revised terms of reference (TORs) for forensic audit of the state-owned enterprises to be followed by the Auditor General of Pakistan (AGP) office as ....

Mian Soomro , Waqar Masood , Ishrat Hussain , Razak Dawood , Pakistan International Airlines , Production Hammad , Privatisation Mian Soomro , Prime Minister , Commerce Razak Dawood , Institutional Reforms , Austerity Ishrat Hussain , Special Assistant , Revenue Waqar Masood , Auditor General , வகார் மசூட் , இஸ்ராத் ஹுசைன் , ர்யாஸக் தாவூத் , பாக்கிஸ்தான் சர்வதேச விமான நிறுவனங்கள் , ப்ரொடக்ஶந் ஹம்மட் , ப்ரைம் அமைச்சர் , வர்த்தகம் ர்யாஸக் தாவூத் , நிறுவன சீர்திருத்தங்கள் , சிக்கனம் இஸ்ராத் ஹுசைன் , சிறப்பு உதவியாளர் , வருவாய் வகார் மசூட் , தணிக்கையாளர் ஜநரல் ,