The mills has become a burden over the national kitty and the government has decided to privatise it.
the Economic Coordination Committee (ECC) has given approval to end five per cent regulatory duty on cotton imports after mulling over recommendations.
The enraged protestors are urging the government to take back its decision to laying-off their services.
The protestors urged the government to take back its decision to laying-off their services.
'Let me remind everyone that it was during PPP tenure that PSM went from a profit making entity with billions in bank account to a heavy loss making and bankrupt entity'
The adviser on Institutional Reforms said that Prime Minister Imran Khan has directed him to make appointments in institutions on merit.
Finance advisor in this connection has directed federal industries minister to oversee redressal of permanent employees' matters following the sell out.
The federal government will mull over the transaction structure of different state-owned institutions for its privatisation.
The decision was taken by the commission in a meeting chaired by Federal Minister for Privatisation Mohammed Mian Soomro in Islamabad.