Pakistan steel mills

Govt efforts to hire financial adviser get subdued response

It will create more panic among investors, bring more discredit to govt

Move comes just days ahead of visit of foreign investors interested in the plants

Despite IMF’s admission that structural weaknesses remained largely unaddressed in the past programmes

PSM has a major role to play in Pakistan’s progress particularly in the context of CPEC

Expert group puts the mill’s restructuring cost at $1.04 billion which government alone cannot sustain

Adviser says various options could be explored to run the dead mill

Naeem Jan will look after day-to-day affairs of PSM

ECC forms task force to boost manpower export, which has dipped 60% in 3 years

On the face of it, the plan looks neat and plausible but questions remain about how such a fund would receive funding