Pakistan steel mills

Sindh Minister for Information Syed Nasir Hussain Shah addressed a press conference with PSM

Committee members say incumbent regime rendering people jobless

Subsidiary of the industrial unit will be set up for transaction

Successive govts have failed to come up with viable plan to stop, reverse losses

Audit report says heavy billing incurred since 2015 despite zero production

PPP chief vows to bring sacked employees back to work; PTI minister blames PPP, PML-N for PSM closure

Privatisation Commission overrules objections raised over proposed transaction structure

Decides to privatise steel mill through wholly owned subsidiary

Rs34b paid under head of salaries since June 2013

Union members term the move ‘unjust, inhumane’, social activists to challenge it in court