Poor maintenance and operational procedures have led to the shutdown of the Pakistan Steel Mills (PSM) for the first time in three decades. The country’s largest industrial complex has remained closed for the past three weeks with no immediate signs of resumption. The industrial complex had been shut down on October 8, 2014 after one […]
Presently, the country’s economy is not in good condition and the incumbent, on the whole appears to be not in a mood to take significant steps to help it. However, the Economic Coordination Committee (ECC) of the Cabinet shared some really futuristic decisions that would help in boosting the local economy. The ECC under the […]
Pakistan Steel Mills to receive a bailout package of Rs6 billion Pakistan Steel Mills (PSM) is on verge of an impending shutdown and is in dire need of money injection to continue its functioning. To ensure the Mill continue working, the Economic Coordination Committee (ECC) has approved a bailout package of Rs6 billion for PSM. […]
Dec 1 2011 | Posted in
Business,
Pakistan |
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The Federal Minister for Production, Chaudhry Anwar Ali Cheema, gave a blatant statement on Tuesday, citing that the Pakistan Steel Mills (PSM) is nothing more than a burden on the economy of the country and the government better get rid of it rather than keep suffering from this loss-making entity going. The minister believes that […]
Nov 2 2011 | Posted in
Business,
Politics |
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