Tag: Psm
PSM to make efficient use of Rs 11bn bailout package
The Pakistan Steel Mills (PSM) has reorganised its maintenance, operational and production strategy as the raw-material-starved steel producer is restlessly awaiting the materialisation of...
Govt’s Rs 11b bailout for PSM on 16th
Federal Minister for Industries and Production Shahzada Ahsan Sheikh on Thursday said a bailout package of Rs 11 billion would be released for the...
PM approves bailout package for PSM
Prime Minister Mir Hazar Khan Khoso on Wednesday said the caretaker government has taken measures to rehabilitate Pakistan Steel Mills (PSM) so that it...
PM constitutes committee for PSM bailout package
Prime Minister (PM) Mir Hazar Khan Khoso on Thursday directed the Ministry of Finance to collaborate with the Ministry of Production and the management...
PM forms committee for PSM financial bailout
Caretaker Prime Minister Mir Hazar Khan Khoso on Friday constituted a three-member committee for preparing concrete and practical recommendations to overcome the financial woes...
Increased raw material supply boosts PSM output to 38pc
The uninterrupted arrival of raw material has increased the production of Pakistan Steel Mills (PSM) to 38 percent, said a spokesman of PSM. He...
PSM not to be allowed to be privatised: BOD
Board of Directors (BoD) of Pakistan Steel Mills (PSM) has decided that the mill will not be allowed to be privatised. The decision...
PSM imports 55,000MT Australian iron ore at $8.3m
A ship carrying 55,000 metric tonnes of iron ore for Pakistan Steel Mills (PSM) reached Port Qasim Pakistan Steel Jetty from Australia.
The cargo unloading...
Senate body concerned over decline in PSM performance
Severely concerned about the declining status of Pakistan Steel Mill (PSM), the legislative body of the Senate has recommended running the affairs of PSM...
SC directs NAB to probe PSM scam within 3 months
Announcing its 57-page verdict in suo motu case clubbed with identical petitions about corruption of Rs 26.5 billion in Pakistan Steel Mills (PSM), the...
SC reserves verdict on PSM corruption case
The Supreme Court on Thursday reserved its verdict on the Pakistan Steel Mills (PSM) case while observing that a forensic report had found “massive...
Smuggled steel products hamper PSM production
Increasing number of smuggling of steel products from neighbouring country is hampering the production of Pakistan Steel Mills (PSM) which is already running below...
Pakistan to lose raw material supply for PSM
The ailing Pakistan Steel Mills (PSM), which is currently running on below 20 per cent production because of short supply of raw material and...
Malik admits failure in unearthing PSM corruption
The government’s trouble-shooter, Interior Minister Rehman Malik, for the first time in the last three years admitted a failure when he told the federal...
The PSM example
The Rs6 billion bailout package for Pakistan Steel Mills violates one too many essential economic principles to warrant any appreciation – throws good money...
Govt agrees on sovereign guarantee for PSM
After being informed that the banks have flatly refused to provide any loan to the loss making Pakistan Steel Mill (PSM), the government decided...
Government to buy uncertified sugar from PSM
Government is going to buy at least 0.2 million tonnes uncertified and substandard sugar, since local sugar producers and millers are not certified by...
