PSM

Planning to establish a new steel mill in collaboration with Sindh govt

PSM administration writes letter to Ministry of Industries and Production

ECC told that mill’s administration leased out land to private sector for setting up 54 industries

Financial adviser for privatisation of PIA to be appointed soonIrshad Ansari

Committee on Industries informed that process of appointment of new CEO near completion

Minister says govt released Rs11.441b for retirement dues

Fails to approve transaction structure due to differences over classification of assets

MQM-P to protest for PSM oxygen plant revival

Chinese delegates assure of bringing KCR to table at CPEC-related meetings

Defers indictment of MQM-P leader, others accused of making illegal appointments

SC seeks revival plan on country’s biggest industrial complex within two weeks

Siraj demands Centre withdraw decision of privatising govt institutions

Sindh govt to write letter to the Centre on the PSM issue

Activists call for case against PSM management

Steel mill deposit money with SHC nazir after receiving it from federal govt

To tackle unemployment, economic expansion must outpace workforce growth

PTI labour union leader challenges PSM sackings

Minister lambasts federal govt for sacking 4,544 workers during the pandemic

One of the largest state-owned entities ends with billions in debt

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

Economic Coordination Committee seeks report on total outstanding employee-related liabilities of PSM 

Decides to privatise steel mill through wholly owned subsidiary

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

Hearing adjourned for one month

PTI govt to run PSM on public-private partnership mode

Bench states accountability court does not have power to remove accused's name from PSM reference

Orders NAB to submit reply on bail plea of accused in illegal land allotment case within 10 days

Say it has been 'murderous' towards workers

Counsel claims PTI govt did not make any effort to run the steel mills

Industrial unit owes Rs22b to SSGC; Rs36.42b to NBP, SC told

PPP chairman calls APC on pandemic and NFC constitution

Police arrest protesting union leaders after ECC decision to lay off 9,350 employees

Sindh govt, Pakistan Steel Mills wrangling over land reserved for burying coronavirus victims

First meeting in this regard was held on April 15 followed by a second review meeting on April 23

PSM says land allotted for Covid-19 graveyard in PSM Township does not belong to Sindh

CJP orders government to lay off all employees, and appoint new people if it wants to keep PSM running

Will sell steel mill to investors through international competitive bidding

Rejects govt’s request to sell a piece of land to pay dues to steel mills employees

Senate panel notes one cabinet member is facilitating steel scrap smuggling

Says neglect of the institution was tantamount to injustice to the nation

NAB failed to prove its case of corruption to the tune of Rs4 billion

Expresses displeasure over proposal for sale of power distribution companies

PM aide meets officials of Chinese and Russian companies to initiate the process

Without clearing Rs206b worth of liabilities, the steel mill may be difficult to revive

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

The expert group claims that the PSM could be refurbished

Expert group suggests turning steel mill into a public-private partnership

Senate body expresses concern over mills state

Offers loan for balancing and modernisation of the industrial complex