Govt begins revival of Pakistan Steel Mills, aims to boost production to 3 million tonnes

The government has initiated the revival process of Pakistan Steel Mills (PSM) and is aiming to enhance its production capacity from 1.1 million to 3 million tonnes a year, Associated Press of Pakistan (APP) reported.

According to the details, the government, under the new revival plan, wants to make PSM a profitable organisation through public-private partnership.

For the purpose, the government is inviting applications for PSM’s new chief executive officer (CEO) and is looking for a dynamic, results-oriented leader with immaculate credentials and experience.

Currently, PSM is the largest industrial mega-corporation. The Economic Coordination Committee (ECC) had put PSM on the privatisation list, but the government had later decided against it and initiated the process of reviving the steel mills through a public-private partnership.