Prime Minster Raja Parvez Ashraf is likely to visit Pakistan Steel Mills (PSM) within two weeks where he will formally announce a bail out package and relief for its employees. According to media reports, government sources said Prime Minster Raja Parvez Ashraf has assured the CEO Steel Mills, Major General (Retd.) Mohammed Javed and Chairman CBA, Shamshad Qureshi about his expected visit to Steel Mills. Last week, a delegation of Pakistan Steel Mills had invited him to visit the Steel Mills. Consequently, it is expected that Prime Minister Raja Pervez Ashraf will visit Pakistan Steel Mills before or immediately after August 14. It merits mentioning here that the federal government has already allotted Rs 14.6 billions on account of bail out package to the steel mills. About 17000 people are employees of Pakistan Steel Mills while it is bearing a monthly deficit of Rs 1.5 billion.
