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All Stories: psm

Privatization: 97 pc Heavy Electrical Complex govt stake to be sold out

Finance advisor in this connection has directed federal industries minister to oversee redressal of permanent employees' matters following the sell out.

Govt to mull over transaction structure of PSM, Heavy Electrical Complex

The federal government will mull over the transaction structure of different state-owned institutions for its privatisation.

PC approves transaction structure for revival of PSM

The decision was taken by the commission in a meeting chaired by Federal Minister for Privatisation Mohammed Mian Soomro in Islamabad.

SHC moved against privatization of PSM

The plaintiff, Asim Bhatti, president Pakistan Steel Mills Labour Union has made the federal government and ministry of Production respondent in his plea.

ECC approves 12 supplementary grants

The Economic Coordination Committee (ECC) has approved 12 supplementary grants to different government departments.

Bilawal vows to foil attempts to privatize PIA and PSM

PPP chairman Bilawal Bhutto vowed to foil attempts by the federal government to privatize national carrier PIA and country’s largest industrial mega-corporation complex PSM.

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...

Sindh cabinet opposes privatization of PIA, Steel Mills, Lakhra power plant

KARACHI: Sindh cabinet on Monday resolved to strongly oppose the privatization of Pakistan International Airlines, Pakistan Steel Mill and Lakhra coal power plant, and...

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),...

Ishaq Dar approves disbursement of one month’s salary for PSM employees

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar as Chairman Economic Coordination Committee (ECC) has given anticipatory approval for immediate disbursement of one month's salary...

Two commit suicide after PSM fails to provide employees salaries

KARACHI: Two persons have committed suicide within two days after Pakistan Steel Mills (PSM) did not release salaries to its employees for three months,...

Govt approves extension in wheat export till March 15

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved the extension in period of export of wheat and wheat products till...

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...

Insight – Slumbering Pakistani steel giant shows why state sell-offs are stalled

Once the producer of almost half the country's steel needs, state-owned Pakistan Steel Mills' (PSM) cavernous factory buildings on the outskirts of Karachi stand eerily still.

PSM aims to increase production up to 50pc in January 2015

KARACHI: The production of Pakistan Steel Mills (PSM) has witnessed astounding growth due to administrative measures and timely procurement of tranches of government's bailout package, ARY News has learnt.

Khara Sach is back with a revelation about Ishaq Dar

LAHORE: The ARY News program ‘Khara Sach’ hosted by Mubasher Lucman is back with the shocking revelation that Pakistan’s Finance Minister Ishaq Dar told a blatant lie about Pakistan Steel Mills situation in a letter to IMF, ARY News reported.

PSM's production capacity rises to 36pc

KARACHI: Following the repair work on blast furnace, production capacity of Pakistan Steel Mills (PSM) has been increased to 36 per cent, ARY News reported.

PSM’s production capacity increases to 22pc

KARACHI: Pakistan Steel Mills (PSM) has received the first tranche worth Rs. 1 billion of its second bailout package amounting Rs. 3 billion, ARY News reported.

PSM’s raw material boosts with recent import

KARACHI: Two ships of Iron Ore have arrived at Pakistan Steel Jetty, Port Muhammad Bin Qasim from Mauritania for Pakistan Steel Mills (PSM), ARY News reported.

Government releases fourth bailout tranche to PSM

ISLAMABAD: Pakistan Steel Mills (PSM) has received the fourth tranche worth Rs. 2.87 billion of its bailout package amounting Rs. 18.5 billion on Monday, ARY News reported.
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