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
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.
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
29 Dec 2017 ISLAMABAD: The National Accountability Bureau has decided to launch an inquiry to ascertain reasons and hold responsible for the dismal
3 Nov 2020 Numerous apparent and inherent factors are attributed to this failure, namely, the high bureaucratic influence, financial irregularities, managerial
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.
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
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
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
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
Manufacturing Pakistan Steel Mills, Heavy Electrical Complex, Pakistan Machine Tool Factory etc. Financial. Services. SME Bank, National Bank of Pakistan,
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
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
29 Jan 2017 PSM is stuck in a perpetual loop of mounting dues, defaulted debts and unpaid employees - currently at Rs415bn, including Rs166bn payable
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,
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
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
3 Jun 2020 ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday approved firing all employees of the Pakistan Steel Mills (PSM),
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
7 Apr 2019 the decline of Pakistan Steel Mills JOIN HUM News on Social Networks: Facebook: https://www.facebook.com/HUMNewsPakistan/ Twitter: h.
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,
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,
22 Jul 2016 ISLAMABAD: (APP) The Privatization Commission (PC) has clarified a recent statement made by Chairman Senate standing Committee on
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
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
3 Jul 2018 However, the state-owned mill, which had been built with Russian assistance decades ago, started crumbling after the PPP administration took
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
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.
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
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