October 21, 2021

World renowned consortium will participate in revival of Pakistan Steel

Rich result son google SERP when searching for 'Soomro - Pak steel'

World renowned consortium will participate in revival of Pakistan Steel

Pak Steel Mills revival: Roadshow ends

KARACHI Sep 23,2021- Twelve days marathon with national and international investors for the revival of Steel Mills ended on Thursday, in a local hotel. Federal Minister Privatisation Mohammed Mian Soomro chaired back to back sessions with national investors.

Later, Federal Minister Privatisation talked to the media and lamented that the mega industrial unit is in loss and came to standstill since 2015, on account of that current government took up the challenge and decided to revive and revitalise Pakistan Steel Mills.

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The Federal Minister Mohammed Mian Soomro also reiterated that Pakistan is investors’ friendly country and Prime Minister’s personal interest in boosting the foreign investment culminated in such an encouraging response in the roadshow. We are hoping that the world’s renowned investors consortium would participate in the revival of Pakistan Steel Mills, said the Minister.  Ministry of Privatisation is actively pursuing this unique revival plan, which not only will strengthen the economy but spur the economic activity at a wider level.

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Due to the policies of incumbent government, Construction industry is taking a remarkable stride, which also is contributing ultimately towards jobs creation and other economic activity, and due to which the indigenous demand of Steel and iron has grown manifold.  It is an ideal situation for the potential investors to come along and make this mega industrial unit run in full throttle.

At the occasion Federal Minister assured that the whole process is run with utmost transparency, and all the decisions are deliberated and approved from PC Board,  CCoP and Federal Cabinet, our focus is to bring the Mills in operation. Ministry of Privatisation is assisting the investors in all possible manners and it is firmly hoped that soon PSM will be revived .CM speaks at CPEC-related JCC meeting.

 

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