*ISLAMABAD – * China and Russia have offered to revive multi billionsPakistan Steel Mills as its companies have expressed keen interest to makeinvestments worth billions in Pakistan Steel Mills.
*Prime Minister Imran Khan was apprised of the Chinese and Russiancompanies offer during a high-level session to discuss the steps for therevival of the state-owned Pakistan Steel Mills. *
The session was attended by Adviser to PM on Commerce, Textile, Industriesand Production and Investment Abdul Razak Dawood, federal minister forprivatisation Mohammad Mian Soomro, Board of Investment (BoI) chairmanZubair Gilani and other officials.
PM Khan was briefed over different recommendations for the revival of thesteel mills. During the briefing, the premier was told that China andRussia have offered to provide assistance to revive PSM as its companiesexpressed interest to make investments.
The officials told PM Khan that the concerned institutions are mulling overdifferent recommendations and the offers placed by the foreign companies.
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PM Khan said that the revival of PSM is among the top priorites of thepresent government. He said that the government is making all-out effortsto transform PSM into a profitable entity which will also increaseadditional burder on the national exchequer.
The premier urged concerned authorities to activate the national entity sothat it will play its role in the national development.
