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Government or bureaucracy not serious about reviving Pakistan Steel Mills

Steel News - Published on Wed, 20 Mar 2019

Image Source: Steel.pk
Dawn reported that the Senate Standing Committee on Industries and Production was informed on Monday that either the Pakistan government or the bureaucracy was not serious in resolving the issues faced by Pakistan Steel Mills. The Standing Committee, chaired by Senator Ahmed Khan, held its meeting at the Steel Mills to discuss issues with mid-level management and sought a viable solution. He said “Our target is to get PSM operational as soon as possible. Even if it has to be privatised a running unit can fetch better rates.”

He directed the PSM management to provide details of each of the 16 units separately so that the future course of action could be devised easily. He said “It is difficult to arrange a huge sum of money to resolve all issues in one go but we can suggest the government to start investments from certain point so that the PSM does not remain totally non-functional.”

He also suggested that the committee should take up the case of PSM with various government departments and the provinces for arranging government-to-government contracts over public sector projects. He said “This could reduce the initial working capital to some extent and help PSM to operationalise some of its units.”

However, briefing the committee, Chairman PSM Board Engineer M.A. Jabbar said the root cause of all troubles faced by the PSM was based in Islamabad. “Either the ministers or the bureaucracy are delaying all decision making process,” he said.

Source :

Posted By : Rabi Wangkhem on Wed, 20 Mar 2019
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