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Feb 21, 2021· Earlier this year, the government decided to lay off 4500 employees of Pakistan Steel Mills Limited. The employees are to be laid off with severance pay and retirement benefits. The f inal Impact of the lay-off plan is around Rs. 19.0 billion. There …

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Islamabad's decision to lay-off 4,544 employees of the debt-ridden Karachi-based Pakistan Steel Mills (PSM) has ignited a political war between the government and Pakistan Peoples' Party (PPP). From a purely economic point of view, retrenchment on such a massive scale was inevitable since Pakistan Steel Mills has proved to be a liability with an accumulated debt of more that 200 billion ...

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pakistan steel mill s scam flv. Get Prices Live Chat. Pakistan Steel MillsWikipedia. 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 and entities in the country.. Headquartered in Karachi Sindh Province of …

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Sep 01, 2021· The Pakistan Steel Mill has long been in financial crisis and production has been completely shut down since 2015. make much headway. The PTI government started efforts for the rehabilitation of the Steel Mills under which 5,000 employees have been laid …

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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 and entities in the country Headquartered in Karachi, Sindh Province of Pakistan, the PSM is the current largest industrial mega-corporation, having a …

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Sep 30, 2021· ISLAMABAD: A senior official at the Privatisation Commission has said the government is expecting at least $1 billion in foreign investment by the end of the year to revive Pakistan's largest steel manufacturing complex, Pakistan Steel Mills (PSM), with investors from Russia and China displaying interest in running the facility as part of a consortium.

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Sep 12, 2021· The Pakistan Steel Mills Corporation, colloquially referred to as Pak Steels, is a Pakistan-based company that produces long-rolled steel and heavy metal pro...

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pakistan steel mill s scam flv. SC termsSteel Mills scama robbery 09 Mar 2010 ISLAMABAD, March 8 The Supreme Court has described the Rs22 billion losses suffered byPakistan Steel Millsas the "largest dacoity" in the country Send Message Get a Quote. News List. Labour bodies slam govt decision to sack over 4,500 PSM. Nov 29, 2020· A view of ...

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Pakistan Steel Mill. Pakistan Steel Mill The Pakistan Steel Mills PSM is the state-owned producer of long rolled steel and heavy iron products in Karachi Sindh Province of Pakistan Capacity The Pakistan Steel Mill is the country s largest industrial undertaking having a production capacity of 11 million tones of steel however only 18 percent of this capacity is actually in use Inputs The ...

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The Steel Mills case PakistanHerald. SO the media has now become a tool for better governanceAt least this is the impression one gets from the prime minister's recent sacking of the Pakistan Steel Mills' (PSM) chairman for his alleged corruption and making the concern lose Rs21bnInterestingly Moeen Aftab Sheikh was removed even before an inquiry was instituted or a report submitted about ...

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Apr 20, 2019· Pakistan Steel Mills Corporation (Pvt.) Limited, also known as Pak Steels, is a ding to Headquartered in Karachi, Sindh Province of Pakistan, the PSM is currently the largest industrial mega corporation, having a production capacity of 1.1, 5.0 million ton of steel and iron foundries. Built with the contributions of the Soviet Union in the 1970 ...

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Sep 30, 2021· The government of Pakistan is expecting an investment of USD 1 billion to revive Pakistan Steel Mills (PSM) from China and Russia. The government aims to revive the country's steel mills so it can produce three million tons of cold and hot-rolled steel annually. The investors will pour an addition USD 3 to 4 billion annually to enhance ...

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Pakistan Steel Mills scam The mainstream media reported a major scam in the Pakistan Steel Mills involving Rs 26.5 billion. Once the scam was reported, the FIA initially took action but their progress turned sluggish due to which the Supreme Court issued a contempt of court notice to the interior minister Rehman Malik for hindering and.

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