Power-less PSM has only Rs150m to pay to KESC


Pakistan Steel Mills (PSM) on Thursday expressed its willingness to immediately pay Rs 150 million to the Karachi Electric Supply Company (KESC).

The announcement came after the KESC disconnected power supply to the PSM on Wednesday evening due to outstanding payment of Rs 930 million.

A spokesman for the PSM said that another 100 million would be paid to the KESC on Tuesday.