Tag: Psm

PSM workers protest at National Highway over non-payment of salaries

KARACHI: The Pakistan Steel Mills (PSM) employees on Saturday protested against the non-payment of their salaries by blocking the National Highway in Karachi. Putting all...

PPP vows to oppose amnesty scheme, privatisation of PIA and PSM:...

ISLAMABAD: The Pakistan Peoples Party (PPP) on Thursday vowed to oppose the government's proposed amnesty scheme for Pakistanis to declare their foreign assets as...

Cabinet rejects recommendation of NEPRA for upward revision of power tariff

ISLAMABAD: The federal cabinet on Tuesday rejected the recommendation of the National Electric Power Regulatory Authority (NEPRA) for an upward revision of the power tariff...

FPCCI supports PIA, PSM privatisation

LAHORE: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday endorsed the privatisation of two major state-run entities – Pakistan International Airlines (PIA)...

PPP to resist privatisation of PIA, PSM

PPP leaders say Nawaz and Abbasi have ulterior motives in selling national enterprises  ISLAMABAD: Pakistan People’s Party (PPP) leader Syed Nayyar Bokhari and Dr Nafisa...

Privatisation of PIA by sidelining parliament is ‘crime’: Zardari

PPP co-chairman calls the move commercial undertaking based on 'criminal motives' Party's MPs to challenge Cabinet Committee decision  in NA, Senate Bilawal tells PM...

Government allows ‘restructuring’ of PIA

Cabinet committee discusses issues of PIACL, Steel Mills after detailed presentations ISLAMABAD: The Cabinet Committee on Privatisation, which met with Prime Minister Shahid Khaqan Abbasi...

Sindh Assembly directs PSM to pay dues to retired workers within...

KARACHI: The Sindh High Court (SHC) on Tuesday directed the Pakistan Steel Mills (PSM) to clear all outstanding dues of over 850 of its retired...

Steel Mills likely to be handed over to army

14-member ISI delegation to visit headless PSM today KARACHI: The Inter-Services Intelligence (ISI) delegation will visit the Pakistan Steel Mills (PSM), a headless largest industrial...

Brothers fight: Asad, Zubair exchange harsh words over the fate of PSM

  A war of words broke out between Pakistan Tehreek-e-Insaf (PTI) MNA Asad Umar and his brother Mohammad Zubair, Chairman of Privatisation Commission, on Wednesday...

PIA, PSM still on active privatisation list

Nine state-owned enterprises including Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM) are part of the active list of privatisation, Minister of State...

Senate body takes officials to task over sugar subsidy, closure of...

Parliamentary body appeals to PM to revive PSM, says it must not be sold at any cost     Stopping short of recommending action against the ‘criminal...

CCOP gives approval for divestment of PSM, KAPCO, FESCO and IESCO

    In view of the commitment to the International Monetary Fund (IMF), the Cabinet Committee on Privatisation (CCOP) on Thursday allowed the Privatisation Commission to...

PC approached for release of 7-month salaries of PSM employees

    After slumbering for many months the Ministry of Industries and Production on Monday asked the Privatisation Commission to take steps for the release of...

Central bank favors Steel Mills privatisation

    The State Bank of Pakistan (SBP) has also expressed support to the proposed privatisation of the Pakistan Steel Mills (PSM) that is currently facing...

Govt to search strategic partner for Pakistan Steel Mills: Jatoi

    Federal Minister for Industries and Production Ghulam Murtaza Khan Jatoi Monday said that we have to produce engineers, scientists, doctors and experts in different...

Privatisation of FESCO, PSM govt’s top priority: Zubair

  Chairman Privatisation Commission Muhammad Zubair on Friday said that the privatisation of Pakistan International Airlines (PIA), Pakistan Steel Mills (PSM) and Faisalabad Electric Supply...