PAKISTAN STEEL MILLS PRIVATISATION NOW UNLIKELY, BUT RUSSIAN INVESTMENT MAY FOLLOW
March 1st, 2012
BY RAHIMULLAH YUSUFZAI, IN PESHAWAR
THE PAKISTAN government has shied away from selling off Pakistan Steel Mills (PSM) in its latest privatisation announcement, with court proceedings and opposition within the company deterring a sale. PSM was not among the 23 public sector banks, insurance firms, electricity supply companies, postal services, hotels, railways, and other concerns listed for inclusion by the government's Privatisation Commission in a new round of sell-offs beginning in April.
The decision was keenly awaited because of a statement in November ...
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