ISLAMABAD - Foreign investors from China, Russia and Korea are taking interest in the revival of Pakistan Steel Mills (PSM), which is closed since 2015.
The government had already announced to run PSM through Public-Private Partnership to revive the Mill. A high-level meeting was informed yesterday that meetings are being held with potential investors regarding the revival of Pakistan Steel Mills (PSM). These investors/parties are from China, Russia and Korea and the meetings are being held almost on daily basis.
Federal Minister for Privatisation, Mohammed Mian Soomro chaired a meeting regarding transaction updates, legal matters and e-office in the Ministry. Privatisation Federal Secretary and other senior officers of the Ministry and Privatisation Commission attended the meeting. Federal Minister was briefed that the detailed meetings are being held with potential investors regarding the revival of Pakistan Steel Mills (PSMC).
