PAKISTAN STEEL GIANT DENIES REPORTS OF PRIVATISATION
August 1st, 2012
BY RAHIMULLAH YUSUFZAI, IN PESHAWAR
Steel First has been told by Pakistan Steel Mills (PSM) Chief Executive Officer Major General Mohammad Javed that there are no plans to sell off the ailing state-owned industrial giant, backing up recent comments from Prime Minister Raja Pervez Ashraf. "I don't think privatization of the PSM is under consideration. It doesn't seem this is going to happen," he said. During Ashraf's July visit to the PSM headquarters in Karachi, he also ruled out the possibility of privatising the steel mills. Instead, he confirmed ...
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