Police allegedly involved in theft from Pakistan Steel Mills
- 23-Feb-2026
KARACHI: Bin Qasim police have been accused of being involved in the large-scale theft of valuable goods from Pakistan Steel Mills, ARY News reported on Monday. According to union representatives, stolen items are transported and sold through scrap dealers with the alleged collusion of police personnel. A video circulating on social media reportedly shows stolen […]
Pakistan launches ‘Sea to Steel Green Corridor’ plan to revive idle Pakistan Steel Mills
- 21-Oct-2025
The federal government of Pakistan has unveiled plans to review the dormant Pakistan Steel Mills (PSM) through advance technology and new maritime- industrial partnership with the Ministry of Industries and Production. Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry has unveiled an ambitious plan during a high-level meeting with Special Assistant to the […]
Pakistan Steel Mills CEO’s arrest warrant issued over employees’ termination
- 26-Jul-2025
KARACHI: The National Industrial Relations Commission (NIRC) in Karachi has issued arrest warrants for Pakistan Steel Mills (PSM) Chief Executive Officer (CEO) Asad Islam and Director Muhammad Akram in connection with the termination of employees, ARY News reported. As per details, the warrants were issued following a petition filed by a PSM employees’ union leader. […]
Pakistan, Russia sign protocol to revive Pakistan Steel Mills
- 11-Jul-2025
Pakistan and Russia have signed a protocol to revive Pakistan Steel Mills (PSM), ARY News reported on Friday. As per details, a high-level Pakistani delegation led by Adviser to Prime Minister on Industries and Production, Haroon Akhtar Khan, visited Russia, where Pakistan and Russia signed a protocol to revive and modernize the Pakistan Steel Mills […]
Pakistan Steel Mills terminates 1,350 employees
- 25-Feb-2025
The Pakistan Steel Mills (PSM) on Tuesday sacked 1,350 more employees to ease the financial burden on the entity, ARY News reported. The PSM spokesman said that they had prepared a list of the employees who have been sacked and included from separate cadres including drivers, fireman, operators and others. The termination letters have been […]
Centre, Sindh ‘decide’ to revive Pakistan Steel Mills jointly
- 06-Jan-2025
KARACHI: The federal and Sindh governments on Monday decided to revive the Pakistan Steel Mills (PSM) on 700 acres of land with collective efforts, ARY News reported. Sindh Chief Minister Syed Murad Ali Shah and Federal Minister for Industries and Production Rana Tanveer agreed to establish an industrial park on 3200 acres of land and […]
Federal government decides to shut down Pakistan Steel Mills
- 03-Jul-2024
ISLAMABAD: The federal government has decided to shut down Pakistan Steel Mills (PSM), a state-owned enterprise that has been incurring heavy losses for years, ARY News reported on Wednesday. In a statement, Secretary of Industry and Production said that the Sindh government has been offered to take over 700 acres of the total 19,000 acres […]
Govt forms committee for revival of Pakistan Steel Mills
- 27-Apr-2024
KARACHI: The Federal Ministry of Industry and Production on Saturday constituted an 8-member committee to revive the Pakistan Steel Mills, ARY News reported. According to the official notification, the committee headed by the Federal Secretary of Industry and Production include the Additional Secretary of Industry and Production, Senior Member of the Board of Revenue Sindh, […]
Pakistan Steel Mills’ privatisation would have benefited country: Zubair
- 27-Dec-2023
KARACHI: Pakistan Muslim League-Nawaz (PML-N) leader Muhammad Zubair believes that the privatisation of Pakistan Steel Mills (PSM) would have benefitted the country, regretting the financial losses due to delay in process, ARY News reported on Tuesday. Speaking at ARY News programme ‘Khabbar’, the former Sindh governor said that the PML-N believed that privatisation of country’s […]
Pakistan Steel Mills removed from government privatization list
- 19-Dec-2023
ISLAMABAD: The caretaker government has removed the Pakistan Steel Mills from its privatization list of the state-owned entities, ARY News reported on Tuesday. The government has issued a new list of the state-owned entities (SoEs) that will be handed over to the private sector under its privatization programme. Overall, 26 SoE will be privatized under […]