PSM revival process on public private partnership begins

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The government is looking forward for the Pakistan Steel Mills revival through the public private partnership and to transform it into the profitable organization. Now, they initiated the process as they are inviting applications for the appointment of Chief Executive Officer.

According to sources, Pakistan Steel Mills or PSM will be revived through the public private partnership. In June, the Ministry of Industries and Production had proposed two options to the ECC – putting PSM on the privatization list and hiring a transaction adviser for bid selection. The economic decision-making body had put the steel mill on privatization list.

As per reports, Pakistan Steel Mills is looking for the result oriented and dynamic person with high experience and immaculate credentials. The revival of PSM will definitely boost the steel sector and the stock exchange of Pakistan.

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