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HomeTagsPakistan Steel Mills

All Stories: Pakistan Steel Mills

Minister explains how much will PSM employees get after retrenchment

ISLAMABAD: Minister for Industries and Production Hammad Azhar said on Friday the 9,350 Pakistan Steel Mills (PSM) employees being laid off under a retrenchment...

SC fixes Pakistan Steel Mills case hearing on June 9

A three-member bench headed by the CJP will hear the case.

Pakistan Steel Mills huge burden on taxpayers: Hammad

'The debt of the PSM has ballooned to Rs230 billion'

SC seeks govt’s response on closure of Pakistan Steel Mills

The current employees of the mills have become fond of taking salaries by sitting at their homes, fire them and appoint new staff, remarked the CJP.

Court acquits former PSM chief in corruption case

It is pertinent to mention here that the National Accountability Bureau (NAB) had filed nine corruption references against Moeen Aftab.

PSM ex-chairman, others acquitted in Rs900 mln corruption reference

An accountability court has acquitted three accused including the former chairman of Pakistan Steel Mills (PSM) Moeen Aftab over lack of evidence in a corruption reference.

Russia offers revival of Pakistan Steel Mills

'Pakistan Steel Mills (PSM) was established with the cooperation of Russian experts'

SC bars govt from selling Pakistan Steel Mills land

During the hearing, Justice Gulzar Ahmed expressed anger over the performance of Pakistan Steel Mills (PSM).

PSM to be turned into a profit-earning entity, Soomro tells PM Imran

Federal Minister for Privatization Muhammad Mian Soomro here on Monday vowed to turn Pakistan Steel Mills (PSM) into a profit-earning entity.

Razak Dawood wants all stakeholders to help govt revive PSM

'The national exchequer has already faced huge losses due to PSM condition'

Chinese, Russian and Korean firms keen to invest in PSM: Abdul Razzak Dawood

'Several companies from China, Russia, Philippine and  Korea have expressed interest to invest in PSMs'

Privatisation Commission decides to privatise Pakistan Steel Mills: sources

Sources said former finance minister Asad Umar had decided not to privatise the Pakistan Steel Mills.

Govt plans to privatize six state-owned entities: Minister tells NA

Speaking at the floor of the National Assembly, during the question hour, that the government have plans to privatize two RLNG plants, two banks, the Jinnah Convention Centre and Coal Power Project Lakhra.

ECC reviews seven-point agenda including Pakistan Steel Mills, Hajj

Steps to increase employment opportunities for Pakistani workers abroad will also come under discussion.

ECC seeks report from Ministry of Industries for revival of Pakistan Steel

ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) of the Cabinet on Tuesday with Finance Minister Asad Umar in chair summoned a report...

ECC approves Rs1,066 mn grant to clear dues of PSM’s deceased employees

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Thursday approved a grant of Rs 1,066.078 million for payment of outstanding dues to...

PSM employees take to streets against unpaid salaries

KARACHI: The employees of Pakistan Steel Mills (PSM) on Saturday blocked the National Highway for all kinds of vehicular movement for several hours in...

NAB to probe into reasons of Pakistan Steel Mills collapse

ISLAMABAD: National Accountability Bureau (NAB) determined to launch a probe into the reasons which led to the collapse of the Pakistan Steel Mills (PSM),...

SHC queries PSM motive behind delay in employees’ salaries

KARACHI: Sindh High Court (SHC) on Monday while hearing a case on non-payment of salaries and pensions to Pakistan Steel Mill (PSM) employees summoned...

ECC approves 3 months’ salaries for Pakistan Steel Mill employees

ISLAMABAD: The Economic Coordination Committee has on Thursday approved three months’ salaries i.e. for the months of June, July and August, 2016 for employees...
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