Directions were given by the Prime Minister in a meeting held to review a bailout package for Pakistan Steel Mills. PHOTO: FILE
Prime Minister Justice (R) Mir Hazar Khan Khoso has directed the Ministry of Finance to work with the Ministry of Production and the management of Pakistan Steel Mills (PSM) to work out a financial package for the steel mills to make the strategic financial asset a feasible entity.
These directions were given by the Prime Minister in a meeting held to review a bailout package for Pakistan Steel Mills at the Prime Minister House on Thursday. The prime minister constituted a committee comprising of representatives of finance, production and management of Pakistan Steel Mills to work out a business plan and present it to him for consideration in the shortest possible time.
The meeting was attended by Minister for Production, Shahzada Ahsan Ashraf Shaikh, Adviser on Finance, Dr Shahid Amjad Chaudhry, PSM CEO and other senior government officials.
Published in The Express Tribune, May 3rd, 2013.
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My humble advice is to privatize this big monster, and have mercy on people of Pakistan.