16 Feb 2016 Once the producer of almost half the country's steel needs, state-owned Pakistan Steel Mills' (PSM) cavernous factory buildings on the outskirts
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28 Nov 2020 Using the performance of Pakistan Steel Mills (PSM) as an example, Ms. downfall is the dependency on imported steel for local purposes.
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10 Dec 2018 Management officials at Pakistan Steel Mills are waiting for a miracle that sets it rolling again. They are waiting for an injection of money from the
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29 Dec 2017 ISLAMABAD: The National Accountability Bureau has decided to launch an inquiry to ascertain reasons and hold responsible for the dismal
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3 Nov 2020 Numerous apparent and inherent factors are attributed to this failure, namely, the high bureaucratic influence, financial irregularities, managerial
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7 Jun 2020 My father, who is an officer at Pakistan Steel Mills, comes home with a his crony as PSM Chairman and that's when the downfall began.
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29 Dec 2017 NAB issued a notifiion on Friday in which it said that it would investigate the reasons behind the downfall of Pakistan Steel Mills and would
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This case study is about the privatisation of state-owned steel mills and the issues of mishandling in that process. The government sold over $4 billion worth of
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Pakistan Citizens' Portal. The Prime Minister has been pleased to call for public donation for PM-CJ Fund for Diamer Basha and Mohmand Dam. The Fund
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The continuous downfall and low productive capacity of PSMC created a huge gap in the demand and supply of crude steel in Pakistan. Simultaneously, it created
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Manufacturing Pakistan Steel Mills, Heavy Electrical Complex, Pakistan Machine Tool Factory etc. Financial. Services. SME Bank, National Bank of Pakistan,
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5 Jun 2020 The government has decided to lay off the entire c9,500-strong workforce of Pakistan Steel Mills (PSM), a state-owned but financially ailing
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4 Jul 2018 Factors Behind PSM's Downfall. Apart from mass hirings and mishandling by the governments, there were several other factors that contributed to
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29 Jan 2017 PSM is stuck in a perpetual loop of mounting dues, defaulted debts and unpaid employees - currently at Rs415bn, including Rs166bn payable
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28 Nov 2020 A man walks past machines at the hot strip mill department of the Pakistan Steel Mills (PSM) on the outskirts of Karachi, Pakistan February 8,
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4 Jun 2020 The Pakistan Steel Mills' total losses and liabilities are estimated at Rs400 billion (Dh9.026 billion). According to the ECC the PSM is facing
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17 Sep 2020 Therefore, the quality of the steel from such mills is substandard, as well as costly in comparison to big manufacturers in Pakistan. According to an
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3 Jun 2020 ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday approved firing all employees of the Pakistan Steel Mills (PSM),
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The continuous downfall and low productive capacity of PSMC created a huge gap in the demand and supply of crude steel in Pakistan. Simultaneously, it created
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7 Apr 2019 the decline of Pakistan Steel Mills JOIN HUM News on Social Networks: Facebook: https://www.facebook.com/HUMNewsPakistan/ Twitter: h.
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7 Jun 2020 government has decided to privatise the state-run Steel Mills in order mill department of the Pakistan Steel Mills on the outskirts of Karachi,
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The initial idea for a domestic iron and steel mill was put forward in the first five year plan of Pakistan (1955 - 1960). Debates over the manufacturing process,
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22 Jul 2016 ISLAMABAD: (APP) The Privatization Commission (PC) has clarified a recent statement made by Chairman Senate standing Committee on
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12 Feb 2020 The 2008-13 tenure of the PPP witnessed the worst time for the Pakistan Steel Mills. In the financial years 2006-2007 and 2007-2008, it was
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10 Apr 2019 April 10, 2019: The government has decided in principle that Pakistan Steel Mills (PSM) would not be privatized and efforts would be made to
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3 Jul 2018 However, the state-owned mill, which had been built with Russian assistance decades ago, started crumbling after the PPP administration took
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30 Dec 2017 NAB determined to launch a probe into the reasons which led to collapse of the Pakistan Steel Mills (PSM), country's largest steel
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A typical example is that of Pakistan Steel Mills in Karachi, which has been non- operational for the last two years, and the government is least bothered.
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26 Jan 2015 Pakistan Steel Mills is another model of how corruption and miss handling of vital national assets were spoiled in recent times, with billions of
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Pakistan Steel Mills Corporation (Pvt.) Limited (Urdu: پاکستان سٹیل ملز), also known as Pak Steels, is a producer of long rolled steel and heavy metal products
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