Pakistan Steel Mills (PSM) would soon be placed on the privatization list. Pakistan Tehreek-e-Insaf (PTI) government decided this during a meeting of the Economic Coordination Committee held on ...
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ISLAMABAD: The Privatisation Commission (PC) on Thursday approved transaction structure for the privatisation of the Pakistan Steel Mills (PSM) and decided to present it to the Cabinet Committee ...
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The workers of Pakistan Steel Mills entered a new phase of the "War against Privatization" on Sunday December 18, 2005. The PTUDC called for National Day of Action as part of the anti-privatization struggle of the Pakistani working class.
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Privatisation of Pakistan Steel Mills: High Court refuses to hear employees' plea. KARACHI: The Sindh High Court (SHC) on Tuesday refused to …
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KARACHI: The Cabinet Committee on Privatisation (CCoP) has approved the transaction structure for Pakistan Steel Mills. The federal Minister for Finance and Revenue, Dr Abdul Hafeez Shaikh, chaired the meeting of the CCoP on Thursday. The Minister for Industries and Production Hammad Azhar, Minister for Maritime Affairs Ali Haider Zaidi, SAPM on Petroleum Nadeem Babar, …
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2 The federal government has reappointed Brigadier (Retired) Shuja Hassan as Chief Executive officer (CEO) of the Pakistan Steel Mills. According to the 24News HD TV channel, Brig ® Shuja has been appointed for the next one year and his job tenure would be started from August 20, 2021. The federal government has also appointed Muhammad Azfar Ahsan as Board of Investment (BoI) …
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Context of the Pakistan steel mills privatization: politics, public discourse and the media. Pakistan's political and judicial history has been troubled, with the military ruling for more than half of its life (1947–2017). A subservient judiciary validated unconstitutional military take-overs every time (Muhammad, 2015). Except for a few ...
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The Board of Privatization Commission (PC) has granted approval for the transaction structure of Pakistan Steel Mills privatization. PC is ready to sell out most of its shares by establishing a subsidiary. For the process, the investors might need to put in an investment of $1.4 billion in around 3 years and in addition to […]
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The revival of Pakistan Steel Mills is one of the important objectives of privatisation plan, as the mills is not working since 2015 hence the government planned to bring foreign and domestic investors for the revival of largest industrial corporation of Pakistan. There have been consecutive meetings with the stakeholders and Ministries to ...
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In an advancing move towards getting rid of defunct Pakistan Steel Mill, Government's Cabinet Committee on Privatisation (CCoP) has decided the transaction structure for sale of Pakistan Steel mills. The meeting of Cabinet Committee on Privatisation (CCoP) was held last week headed by federal Minister for Finance and Revenue, Dr Abdul Hafeez Shaikh. The meeting […]
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The Pakistan Steel Mills (PSM) corporation's story presents classic case studies, both on why state-owned enterprises (SOE) fail, and why compromising transparency backfires in …
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Pakistan's fiscal debt went through the roof long before the privatisation transaction of the steel mills and still nobody thought to question the economic viability of not privatising such a ...
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The Pakistan Tehreek-e-Insaf (PTI) government has approached the court for more retrenchment and privatization of Pakistan Steel Mills arguing 'it is not possible to run the steel mills' now, reported 24NewsHD TV channel on Monday.. The TV channel reported that CEO Pakistan Steel Mill has filed a petition under section 11A of the West Pakistan Industries Act in the Labour court that …
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LAHORE: Pakistan Steel Mills, Mari Gas Field and Convention Centre Islamabad have been among he state-owned entities that will be privatized, quoting privatization minister Muhammad Mian Soomro ...
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This modal can be closed by pressing the Escape key or activating the close button. KARACHI: The Sindh High Court (SHC) on Tuesday refused to …
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The Supreme Court on Tuesday sought details of Pakistan Steel Mills' (PSM) privatisation plan and appointed Advocate Rashid A Rizvi as a mediator for the settlement between its employees and ...
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Please bear in mind, the Pakistan Steel Mills, at one point in time, nurtured 17,000+ employees and their families. In 2020, employee headcount stood at 9,350. Out of those, for 8000 employees' possible sacking, ECC had previously approved of a Rs. 18.74 bn package (in May 2020) which would cater for their gratuity, provident funds and other ...
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Demonstrators blocked the National Highway in Karachi Monday morning for a short time to protest against the privatization of the Pakistan Steel …
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July 8, 2021: The 5 th Privatisation Commission, Board meeting of the current year held today in Islamabad, under the chairmanship of the Federal Minister and Chairman Privatisation Mohammedmian Soomro. Federal Secretary Privatisation; CEO Pakistan Steel Mills, a representative from the Ministry of Industry and Production, PC Board members, and senior officers of the Ministry …
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Privatisation of Pakistan Steel Mills: High Court refuses to hear employees' plea. KARACHI: The Sindh High Court (SHC) on Tuesday refused to hear a petition filed by Pakistan Steel Mills (PSM ...
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Pakistan Steel Mills: A Cortege to Collapse. The Economic Coordination Committee (ECC) of the Cabinet approved the retrenchment plan of Pakistan Steel Mills (PSM) to reduce the government's financial burden. Since 2008-09, Pakistan's government has been paying PKR 58 billion to PSM to cover worker salaries through bailout packages.
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The roadshow, started by the Ministry of Privatization on September 13 to attract investments for the revival of Pakistan Steel Mills (PSM), has culminated with strong hopes that local as …
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Pakistan Steel Mills Privatization to Reduce Burden on Exchequer: Hammad Azhar. by Newsweek Pakistan June 5, 2020. by Newsweek Pakistan June 5, 2020. Industries minister tells laid off staff this is a 'great' opportunity for them to …
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Pakistan's Cabinet Committee of Privatisation (CCoP) has approved the privatization of Pakistan Steel Mill Corporation's (PSMC) core operating assets following the recommendation of the Privatization Committee. The privatization which will create employment and reduce debt is expected to ease the pressure on the country's economy as some ...
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Pakistan, Pakistan Economy, Pakistan Steel Mills, Pakistan Steel Mills Privatization. Comments. Leave a comment. پاکستان سٹیل مل کی نجکاری : 'دو ہی راستے ہیں، احتجاج یا پھر خودکشی' ...
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Privatization of Pakistan steel mills enters final stage. 2021 10 19 The Commission decided that for the sole purpose of steel manufacturing Pakistan Steel Mills officials would sign a land lease agreement with the subsidiary According to the decision the special rights to run the company and the right of way will be transferred to the new ...
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Pakistan Steel Mills is a nightmare: Privatisation Commission chairman Mohammad Zubair says finding potential buyer for Pakistan Steel will not be …
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The Federal Secretary Privatization, the CEO 0f Pakistan Steel Mills (PSM), a representative of the Ministry of Industry and Production, PC Board members, and senior officers of the ministry ...
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They were speaking at a one-day consultative meeting held here on Sunday under the auspices of the Labour Education Foundation under the title: Steel Mill Privatisation – A Fraud.
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Privatization committee discusses revival of Pakistan Steel Mill. ISLAMABAD: The revival of Pakistan Steel Mill (PSM) and the relevant actions …
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ISLAMABAD: Federal Minister for Industries and Production Muhammad Hamad Azhar on Wednesday rejected rumors regarding privatisation of Pakistan Steel Mills (PSM) and said that the steel mill will be run in collaboration with private partners. While briefing the Senate's Standing Committee on Industries and Production Hammad Azhar clarified that PSM has not been privatised …
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ISLAMABAD: The privatisation of Heavy Electrical Complex (HEC) has entered final stages, revealed the Privatisation Commission. In a statement on Monday, the commission said that at present different options for the determination of reserve price for the bidding of HEC shares were being considered by the Privatisation Commission, before the bidding process was initiated with […]
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