ISLAMABAD – Pakistan Steel Mills’ (PSM) Board has yet to give the approvalfor the formation of an expert group of private steel companies and HubPower Company Limited (HUBCO) to explore options for the revival of PSM,.
However it has been learnt that Prime Minister Imran Khan has already givenhis own approval in this regard.
Sources in the concerned ministry informed *Pakistan Today* that theAdviser to the PM for Commerce, Textile and Industry Production Abdul RazakDawood has received a nod of approval from the prime minister over theconsultative arrangement involving an expert group to explore options forthe re-operationalization of PSM.
An important meeting of the PSM board is scheduled for Monday to decidewhether private steel companies and HUBCO group should take responsibilityfor the revival of PSM, said sources.
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The sources added that the PSM board will discuss the offers so farpresented by Russia and China regarding the revival of PSM.
