Tag Archives: 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 Rs11 billion bailout package the federal government had

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 Pakistan Steel Mills (PSM) on May 16. 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 can contribute to the economic development of the

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 of the Pakistan Steel Mills (PSM). The committee

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 after bad, encourages moral hazard, rewards incompetence, sets