Print Print edition: 2017-02-17

Privatisation of PSMC discussed

Published February 17, 2017 Updated February 17, 2017 12:00am

The representatives of M/s Ansteel Group met the Secretary Privatisation Commission (PC), Sardar Ahmad Nawaz Sukhera, here on Thursday to discuss the updates on the privatisation of Pakistan Steel Mills Corporation (PSMC).
M/s Ansteel expressed eagerness to participate in the bidding process and requested to keep them updated on further developments regarding the transaction. The Secretary PC assured that the Government of Pakistan was very keen on processing the transaction at the earliest in order to make PSMC functional, reduce fiscal burden on the exchequer and ensure employee welfare. M/s Ansteel reassured its interest and commitment to revive the Pakistan Steel Mill and contribute towards economic development of the country.-PR