Govt pursuing PM Shehbaz’s vision of restoring steel mills as viable national asset
The federal government has asked the Pakistan Steel Mills (PSM) to justify the retention of its employees. PHOTO: FILE
ISLAMABAD:
Special Assistant to the Prime Minister (SAPM) Haroon Akhtar Khan on Monday discussed the revival of Pakistan Steel Mills (PSM) and cooperation during a meeting with Pakistan’s ambassador to Russia, as the government seeks foreign investment to restart the asset.
According to a statement issued by the Ministry of Industries and Production, the meeting focused on strengthening Pakistan-Russia economic ties, with emphasis on the revival and modernisation of PSM. Akhtar Khan said the government was pursuing Prime Minister Shehbaz Sharif’s vision of restoring the steel mills as a viable national asset. He said the revival plan had moved beyond initial discussions and entered an implementation phase. Five companies, he added, have already shown interest in investing in and participating in the revival of PSM.
The SAPM said Pakistan and Russia were opening a new chapter of cooperation in the industrial and manufacturing sectors. He confirmed that Russian companies had expressed interest in supporting the revival of the steel mills.
According to the statement, a comprehensive roadmap for the revival of PSM has been finalised, covering strategic, financial and operational aspects.
