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  • Plan proposed for Pakistan Steel Mills a disaster: CJP

    A three-member bench of the apex court headed by Chief Justice of Pakistan Justice Gulzar Ahmed issued these directions while hearing the PSM employees’ case. The court said to the federation’s counsel what you are going to do would lead to disaster. It

  • The demise of Pakistan Steel Mills Herald

    After sending a final notice to the management of Pakistan Steel Mills early last summer, SSGC cut off the gas supply, bringing Pakistan’s largest steel producer to a sudden halt. An eerie silence...

  • Steel Mills revamp plan may lead to disaster, warns SC

    Steel Mills revamp plan may lead to disaster, warns SC. Nasir Iqbal Updated 17 Jul 2020. Court seeks comprehensive report on Pakistan Steel Mill’s revival. — Reuters/File. ISLAMABAD: The

  • Call for probe into ‘deliberate destruction’ of Steel Mills

    ISLAMABAD: Amid disbursement of Rs1.3 billion by the finance ministry as partial payment of retirement dues to former employees of Pakistan Steel Mills, a group of suppliers, dealers, contractors...

  • Who Played Role in the Destruction of Pakistan Steel Mill?

    Rauf Klasra said that the Supreme Court of Pakistan had intervened in the privatization of Pakistan Steel Mills in 2006 and stopped the government from selling the company. Pervez Musharraf had left Pakistan Steel Mills at a profit of Rs. 9 billion, but as soon as the PPP government came, it started indiscriminate political recruitments.

  • Govt to reactivate Pakistan Steel Mills oxygen plant amid

    The National Engineers Welfare Association which provides services for the rehabilitation of the oxygen plant had written a letter to Prime Minister Imran Khan, offering services to rehabilitate the oxygen plant of Pakistan Steel Mills. Now the National Command Operation Centre (NCOC) on the recommendation of the Prime Minister has given a green signal to []

  • Pakistan Steel Mills: Sisyphean story of mismanagement

    11-06-2020· Pakistan Steel Mills suffered a loss of Rs.10bn due to corrupt practices in that year; mismanagement and negligence caused further damages of Rs.12bn, and business losses stood at Rs.5bn. By 2013, its productive capacity had further declined to 14 percent, and losses amounted to around Rs.100bn.

  • Experts to prepare report on Steel Mills’ oxygen plant revival

    1 天前· After having examined Pakistan Steel Mills’ (PSM) oxygen plant on the directives of the federal government, Engineering Development Board (EDB), Pakistan Oxygen Private Limited, and a team of experts will now together compile a report on how to revive Pakistan Steel Mills’ (PSM) oxygen plant, reported 24NewsHD TV channel on Wednesday. According to reports, Pakistan Army engineers will

  • Nationalisation in Pakistan Wikipedia

    Major affectee included Nawaz Sharif who lost the major steel mill, the Ittefaq Group of Industries, and Chaudhry Shujaat Hussain's Gujrat Enterprises. All 25 shipping companies were merged with Pakistan National Shipping Corporation by Bhutto's nationalisation programme; those who protested were imprisoned by the government.

  • Plan proposed for Pakistan Steel Mills a

    A three-member bench of the apex court headed by Chief Justice of Pakistan Justice Gulzar Ahmed issued these directions while hearing the PSM employees’ case. The court said to the federation’s counsel what you are going to do would lead to disaster. It

  • Coronavirus: Pakistani Govt Lays off Thousands

    The Imran Khan government has decided to privatise the state-run Steel Mills in order to steer it out of financial losses. More than 9,000 workers, who are already affected by the COVID-19 crisis...

  • Pakistan Steel Mills A Sleeping Industrial Giant Turns

    It is next to urgent to work on addressing the oxygen shortages in the country on an emergency basis. There’s nothing wrong if Prime Minister Imran Khan diverts his energies from scolding the opposition and inaugural trips of the ornamental construction sector towards serious health crises that are yet in the making. As Covid-19 is

  • End of an era for Pakistan Steel Mills Pakistan Gulf

    The Pakistan Steel Mills’ total losses and liabilities are estimated at Rs400 billion (Dh9.026 billion). According to the ECC the PSM is facing Rs550 billion deficit and billions are being spent

  • Govt to reactivate Pakistan Steel Mills oxygen plant amid

    The National Engineers Welfare Association which provides services for the rehabilitation of the oxygen plant had written a letter to Prime Minister Imran Khan, offering services to rehabilitate the oxygen plant of Pakistan Steel Mills. Now the National Command Operation Centre (NCOC) on the recommendation of the Prime Minister has given a green signal to []

  • Why 'friend' China will not save Pakistan Steel Mills?

    Islamabad’s decision to lay-off 4,544 employees of the debt-ridden Karachi-based Pakistan Steel Mills (PSM) has ignited a political war between the government and Pakistan Peoples’ Party (PPP). From a purely economic point of view, retrenchment on such a massive scale was inevitable since Pakistan Steel Mills has proved to be a liability with an

  • Experts to prepare report on Steel Mills’ oxygen plant revival

    1 天前· After having examined Pakistan Steel Mills’ (PSM) oxygen plant on the directives of the federal government, Engineering Development Board (EDB), Pakistan Oxygen Private Limited, and a team of experts will now together compile a report on how to revive Pakistan Steel Mills’ (PSM) oxygen plant, reported 24NewsHD TV channel on Wednesday. According to reports, Pakistan Army engineers will

  • Revamping Pakistan Steel Mills The Nation

    Announcing the ECC decision to sack over 9300 workers of the Steel Mills as part of the government plan to revamp the entity, the Federal Industries Minister Hammad Azhar said that with a view to revive the industrial unit, it was imperative to move away from an owner and operator mode to that of owner and policymaker and include the private sector in these efforts.

  • Pakistan Steel Mills Losses Grow to Over Rs. 200 Billion

    04-07-2018· Pakistan Steel Mills (PSM) is in an utter state of disrepair, as its total losses have swelled to over Rs 200 billion. The last time PSM was profitable was during the financial year 2007-08 when

  • Nationalisation in Pakistan Wikipedia

    Major affectee included Nawaz Sharif who lost the major steel mill, the Ittefaq Group of Industries, and Chaudhry Shujaat Hussain's Gujrat Enterprises. All 25 shipping companies were merged with Pakistan National Shipping Corporation by Bhutto's nationalisation programme; those who protested were imprisoned by the government.

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