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 vehicular movement at a halt for several…
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 well as the privatisation of Pakistan International Airlines…
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 and decided to maintain the existing one. The…
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) and the Pakistan Steel Mills (PSM) terming it…
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 Shah on Sunday rejected the proposed privatisation of…
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 to drop the decision or face ‘strong resistance’ ISLAMABAD:…
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 in the chair here at the PM Office…
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 employees within a month. This was decided on…
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 mega-corporation, today (Wednesday), officials confirmed on Tuesday. The…
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 during a meeting of National Assembly’s Standing Committee…
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 and Privatisation Commission Chairman Mohammad Zubair said. Talking…
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 negligence’ of the 13-month long closure of…
In view of the commitment to the International Monetary Fund (IMF), the Cabinet Committee on Privatisation (CCOP) on Thursday allowed the Privatisation Commission to go ahead with the plan for divestment of…
After slumbering for many months the Ministry of Industries and Production on Monday asked the Privatisation Commission to take steps for the release of Pakistan Steel Mills’ employees’ salaries for the last…
The State Bank of Pakistan (SBP) has also expressed support to the proposed privatisation of the Pakistan Steel Mills (PSM) that is currently facing deficit of billions of rupees. As per SBP,…
Federal Minister for Industries and Production Ghulam Murtaza Khan Jatoi Monday said that we have to produce engineers, scientists, doctors and experts in different fields to compete with the world and to…
Chairman Privatisation Commission Muhammad Zubair on Friday said that the privatisation of Pakistan International Airlines (PIA), Pakistan Steel Mills (PSM) and Faisalabad Electric Supply Company (FESCO) was top of the agenda for…
