Federal Minister for Finance Senator Ishaq Dar on Thursday directed the Privatisation Commission (PC) and Ministry of Industries and Production (MoIP) to co-ordinate and suggest measures to resolve the outstanding issues at the PSM. He said this while chairing a meeting here with the Privatisation Commission of Pakistan to review the matters related to Pakistan Steel Mills, a press release issued here said.
Chairman PC gave a detailed presentation on matters pertaining to Pakistan Steel Mills (PSM) and its administration. Secretary Industries and Production informed that the new CEO of PSM has assumed charge and is attending issues related to administration and finance.
After the presentation, the Finance Minister said the government was committed to finding a way forward and resolving the issues of PSM. He said the government was keen to encourage the participation of the private sector in PSM in order to make sure that that asset made its due contribution to Pakistan''s economy, including through creation of jobs.
He highlighted that the government''s commitment to the workers of PSM was demonstrated by the fact that the government was paying salaries to the employees, even when no production was taking place. Chairman Privatisation Commission, Secretary Industries & Production, Special Assistant to Finance Minister, CEO PSM and other senior officials of Finance Division participated in the meeting.
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