On Wednesday, Commerce Minister Gohar Ejaz expressed a willingness to explore the potential of imposing tariffs on imported steel products in order to protect the local industry. This development occurred during a meeting between the minister and a delegation from the steel industry, led by ...

According to a recent report by ARY News, the interest of Chinese parties in acquiring Pakistan Steel Mills (PSM) has dwindled significantly, with three out of the four initially interested parties no longer keen on the transaction. Federal Minister for Privatisation, Fawad Hassan Fawad, revealed ...

The Economic Coordination Committee (ECC) of the Cabinet convened in Islamabad on Tuesday. During the meeting, it was revealed that Pakistan Steel Mill (PSM) has incurred accumulated losses of Rs 206 billion as of June 30, 2022. Dr. Shamshad Akhtar, the Caretaker Federal Minister for Finance, ...

The caretaker government has initiated efforts to devise a revival plan for Pakistan Steel Mills (PSM), an entity that has remained non-operational since June 2015. This significant development was disclosed by the secretary of the Ministry of Industries and Production during a briefing session ...

KARACHI – Senior officers and workers of the Pakistan Steel Mills were reportedly involved in theft of material worth Rs10 billion. The shocking revelation was made when the Ministry of Industries and Production approached the federal investigators and informed them about various theft ...

BEIJING - Three Chinese companies including the Metallurgical Corporation of China (MCC) have shown interest to revive Pakistan’s largest steel manufacturing complex, Pakistan Steel Mills (PSM). By promoting the local economy and helping to improve social welfare, MCC is dedicated to becoming ...

ISLAMABAD - Hearing a case on the promotions of the employees of Pakistan Steel Mills on Thursday, Chief Justice of Pakistan (CJP) Gulzar Ahmed hinted at the ordering the closure of the mill. During the hearing, Chief Justice Gulzar Ahmed remarked that no wrongdoing can be done without the ...

ISLAMABAD: The board of Privatisation Commission (PC) has approved the transaction structure for the revival of Pakistan Steel Mills Corporation (PSMC) which has not been operational since June 2015. The decision was taken by the commission in a meeting chaired by Federal Minister for ...

Minister for Industries and Production Hamad Azhar has said the government has decided to privatize Pakistan Steel Mills in order to revive and steer it out of losses. Addressing a news conference in Islamabad today, he said fifteen parties have shown their interest in Pakistan Steel ...

ISLAMABAD - Prime Minister Imran Khan takes an important decision over the Pakistan Steel Mills revival. A meeting chaired by Prime Minister Imran Khan in Islamabad on Wednesday reviewed the steps for revival of Pakistan Steel Mills. The Prime Minister was briefed about the interest expressed ...