Pakistan steel industry will meet future demand | The ...
Pakistan Steel Mills Pakistan Steel Mills Corporation (Pvt.) Limited, also known as Pak Steels, is a ding to Headquartered in Karachi, Sindh Province of Pakistan, the PSM is currently the largest industrial mega corporation, having a production capacity of 1.1, 5.0 million ton of steel and iron foundries.
Raping Pakistan Steel Mills | ViewsWeek
Pakistan Steel Mills is incurring heavy losses with government least bothered about its plight. (Photo via Pakistan Steel Mills) Employing more than 40000 workers, Pakistan Steel Mills (PSM) was a gigantic force-multiplier for employment downstream indirectly contributing to the national economy.
CJP holds management responsible for PSM's downfall, says ...
(Karachi) Chief Justice of Pakistan (CJP) Justice Gulzar Ahmed has held the management of the Pakistan Steel Mills responsible for its downfall and ordered removal of all officers before sacking ...
Pakistan Steel Mills - Wikipedia
Other forms of reviving the PSM involved either privatising the Steel Mills- which was a risk too large to take and could result in further unemployment, or taking a commercial loan for its revival, which would not be feasible for the economy, considering our increasing debt.
Ignoring the golden opportunities
Pakistan Steel Mills is a prime example of the golden opportunities being ignored. It is a giant corporation that has shut down because of incurring immense losses. The organisation is being put on the list of those state-owned companies that must be privatised but things are very slow-moving at the end of the relevant ministry.
Pakistan Steel Mills: A Cortege to Collapse - PIDE Blog
Pakistan Steel Mills: A Cortege to Collapse. The Economic Coordination Committee (ECC) of the Cabinet approved the retrenchment plan of Pakistan Steel Mills (PSM) to reduce the government's financial burden. Since …
SBP's foreign exchange reserves fall by $1.64 billion ...
SBP's foreign exchange reserves fall by $1.64 billion. KARACHI: The official foreign exchange reserves of the State Bank of Pakistan (SBP) sharply fell by 1.642 billion by the week ended October 15, 2021. The foreign exchange reserves of the central bank were $25.969 billion by the week ended October 8, 2021, the SBP said on Thursday.
Pakistan Steel Mills Losses Grow to Over Rs. 200 Billion
Pakistan Steel Mills Losses As mentioned earlier, PSM started to decline when PPP took up reins in 2008. There were several other reasons including the global recession and financial crisis of...
We will order closure of PSM today, remarks CJP
The CJP held management of the Pakistan Steel Mills is responsible for its downfall. Read more: Labour court hears PSM CEO plea seeking termination of more workers
SC holds PSM management responsible for its downfall
PHOTO: AFP/FILE. Chief Justice Gulzar Ahmed on Thursday observed that the management of the Pakistan Steel Mills (PSM) was responsible for its downfall saying no misdeed can be carried out without ...
Pakistan Steel Mills Amid Crisis | Request PDF
Pakistan Steel Mills Corporation (PSMC)—once a highly profitable organization and considered one of the largest and sole steel producers in Pakistan—is on the verge of collapse and passing ...
Asad Umar summoned by Supreme Court in Pakistan Steel ...
The court in its remarks said that management is responsible for its downfall. By. Staff Reporter-February 4, 2021. Facebook. Twitter. Pinterest. WhatsApp. On Thursday, while hearing the case on promotions of the Pakistan Steel Mill (PSM) employees, the Supreme Court of Pakistan has summoned Federal Planning Minister Asad Umar, Privatisation ...
downfall of pakistan steel mills, crushing plant price in ...
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Exploiting Pakistan's steel mills - Global Village Space
Employing more than 40000 workers, Pakistan Steel Mills (PSM) was a gigantic force-multiplier for employment downstream in directly contributing to the national economy. Once a prized asset, the PSM now resembles a black hole and a burden on the economy, successive govts failing to capitalise on its potential.
SC summons Asad Umar in Pakistan Steel Mills promotions ...
The Supreme Court remarked on Thursday that the management of the Pakistan Steel Mills is responsible for its downfall. The top court was hearing a case on the promotions of the mill employees.
Pak steel mill (presentation)
Pak steel mill (presentation) 1. MAJU UNIVERSITY FA13 Ex-0006 Course : F.M. 3. Pakistan steel mill need huge money injection to stay Afloat: At present the mill is running at only 3% of production capacity. Pakistan steel mill the biggest and only integrated steel mill in pakistan, is going through its worst financial and production crisis in ...
Pakistan Steel Mills Calamity: Reasons of Collapse ...
The good news has now started going off from Pakistan Steel Mills according to latest reports, the production capacity of PSM has touched 45 % out of total capacity at present. This drastic improvement has been seen ever since Govt appointed Major General (Retd) Zaheer Ahmed Khan as CEO, who is in charge of PSM since April 7, 2014.
downfall of pakistan steel mill
downfall of pakistan steel mill Pakistan Steel Mills Calamity: Reasons of Collapse Pakistan Steel Mills was a profitable well-managed organization since its establishment, although was a bit overloaded with extra political recruitment of employees from time t
Bidding for Pakistan Steel Mills Expected in March-April ...
The bidding for the privatization of Pakistan Steel Mills Corporation (PSMC) is expected to take place in March-April next year, Federal Minister for Privatization Mohammed Mian Soomro was ...
Not discontinuing weekly SPI, says FM Spokesperson ...
December 15, 2021 (MLN): Federal Minister for Privatisation, Mohammedmian Soomro chaired a Privatisation progress review meeting in the Ministry today, wherein the minister was briefed about the matters relating to Pakistan Steel Mills Corporation (PSMC). It was informed that out of eight, six interested parties/ investors have submitted statement of …
Coronavirus: Pakistani government lays off thousands of ...
The Human Rights Commission of Pakistan (HRCP), an NGO, said it was "horrified at reports that 9,300 plus Pakistan Steel Mills employees may be laid off."
Analysis of Power Generation Plant at Pakistan Steel Mills
Thermal Power Plant Pakistan Steel Mills 17 | P a g e Turbo Blower Station "TBS" Pakistan Steel is the largest steel making plant in Pakistan, with a production capacity of 1.1 million ton per annum of steel. Pakistan steel mill uses 2 …
Ignoring the golden opportunities – Latest News Gwadar and ...
Pakistan Steel Mills is a prime example of the golden opportunities being ignored. It is a giant corporation that has shut down because of incurring immense losses. The organisation is being put on the list of those state-owned companies that must be privatised but things are very slow-moving at the end of the relevant ministry.
Pakistan Steel Mills Amid Crisis - Muhammad Asim, Abdul ...
Pakistan Steel Mills Corporation (PSMC)—once a highly profitable organization and considered one of the largest and sole steel producers in Pakistan—is on the verge of collapse and passing through critical stages of its survival.
NAB initiates inquiry into Pakistan Steel Mills downfall ...
ISLAMABAD: The National Accountability Bureau (NAB) has decided to put all those responsible for the downfall of the Pakistan Steel Mills (PSM) and loss of billions of rupees to the national ...
SC holds PSM management responsible for its downfall
ISLAMABAD: Chief Justice Gulzar Ahmed on Thursday observed that the management of the Pakistan Steel Mills (PSM) was responsible for its downfall saying no misdeed can be carried out without the consent of the administration.
Shocking Statement about Pakistan Steel Mills || 3W Coffee ...
Century Steel (Pvt) Ltd., an investment made by Fujian Niwanhongsun Investment Company Limited, will supply 1.5 million tons of steel annually to Pakistan. I...
Steel Mills at standstill - Pakistan - DAWN
Steel Mills at standstill. ISLAMABAD: Having added Rs53 billion losses to its stock of Rs258bn debt and liabilities in 16 months, Pakistan Steel Mills has remained shut for three weeks and there ...
PSM core assets: Another valuation to lure investors on ...
Pakistan Steel Mills Corporation includes around 18,600 acres of land on which not only the main steel plant but also downstream industries related to Steel Mills, Steel Town and Gulshan-e-Hadeed ...
The Future Of Pak Steel Mills - Nation
The Pakistan Steel Mills(PSM) Board is in the books to suggest to the federal government to hand over the steel mill to a Chinese consortium on built operate transfer (BOT) basis for 30 years. A Chinese consortium consisting of Chinese Metallurgical Corporation of China Ltd (MCC) and Donghua Iron and Steel Group is interested in taking over PSM ...
NAB to probe reasons behind downfall of Pakistan Steel …
Pakistan NAB to probe reasons behind downfall of Pakistan Steel Mills ISLAMABAD: The National Accountability Bureau has decided to launch an inquiry to ascertain reasons and hold responsible for...