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PSM Revival on PPP Mode Begins

Steel News - Published on Thu, 22 Aug 2019

Image Source: Pakistan TOday
Nation reported that in order to revive Pakistan Steel Mills public-private partnership and to make it a profitable organization, the government has formally initiated the process by inviting applications for appointing its Chief Executive Officer. The PSM has sought applications for selecting a dynamic and result-oriented leader, with immaculate credentials for becoming the CEO of the mill to lead it towards progress and make it a profit-earning organization.

Currently, PSM is the largest industrial mega corporation, having a production capacity of 1.1 million tonnes of steel and iron foundries. According to the official sources, the government intends to enhance the production capacity to 3 million tonnes per annum under the revival plan.

Initially, the production capacity of the PSM would increase to 1.1 million tonnes per annum in first two years of the revival plan, which would take the PSM out of losses. Later, the production would be enhanced to 3 million tonnes per annum in later stage of the revival plan.

Source :

Posted By : Ratan Singh on Thu, 22 Aug 2019
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